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1490 Loring Way Brentwood, CA 94513

5 Beds 3 Baths 3,150 sqft Built 2002

INVESTimate

$799,000

List Price

$3,060

$2,810 - $3,310

Rent Est.

$866,516  ( +8.45%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $253.65
  • 6 Days on Market
  • MLS # : CC40917860
  • Updated Date : 08/24/2020 at 10:26
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,150 sqft
  • Baths : 3 full
Listing Agent

Snyder Real Estate Group

Listing Agent's Description

Wow! This house has it all! From the moment you walk in you will notice the special touches. The formal living room has high ceilings and a contemporary vent-less gas fireplace, then there's a large formal dining room, the entire home has been recently painted with designer colors and many artistic nooks and niches. The kitchen has quartz counters, an island, stainless steel appliances and informal dining space and opens to the family room where there is a second fireplace and a door to the backyard. Downstairs there is a bedroom and full bath. The spacious master suite is upstairs, and the bath has a soaking tub, separate shower stall, double sinks, vanity counter and a walk-in closet. There are 3 more bedrooms, 1 more bath and another family room which is perfect for distant learning! Stepping into the backyard is like stepping into paradise! A covered patio, outdoor kitchen, a swimming pool and a hot tub! There is even a chicken coop! All this and Solar that has been paid for!

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PRICE & RENT TRENDS

Neighborhood: Meridian Point

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1015k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Meridian Point

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13953193

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Pioneer Elementary School Primary Regular 879 34 6
Bristow Middle School Middle Regular 1,122 43 7
Heritage High School High Regular 2,503 100 9

Pioneer Elementary School

  • Education Level: Primary
  • # of students: 879
  • # of teachers: 34
6
GreatSchools Rating

Bristow Middle School

  • Education Level: Middle
  • # of students: 1,122
  • # of teachers: 43
7
GreatSchools Rating

Heritage High School

  • Education Level: High
  • # of students: 2,503
  • # of teachers: 100
9
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$2,948
Property Tax -$794
Property Insurance -$103
Property Management Fees -$150
CASH FLOW
-$935

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$799,000

PROJECTED PRICE

$3,060

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.45%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$6,359

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,060

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $3,111

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,0603$3,1004$3,2005$3,250
$3,250
RENT COMPS ANALYSIS
  • 1490 Loring Way Brentwood, 2
    • 5 beds 3 baths ∙ 3,150 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,150 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $0.97
    •  
  • 1457 Paradise Ln Brentwood, 1
    • 5 beds 3 baths ∙ 3,129 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,129 Sqft ∙ Built 2005
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.91
    •  
  • 871 Inverness Ln Brentwood, 3
    • 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2002
    property image
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.01
    •  
  • 1813 Moreau Way Brentwood, 4
    • 4 beds 3 baths ∙ 3,302 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,302 Sqft ∙ Built 2004
    property image
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.97
    •  
  • 885 Inverness Ct Brentwood, 5
    • 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2002
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.06
    •  
PROPERTY LISTING DETAILS
Debbi Snyder
Snyder Real Estate Group
BESbswy