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1511 Symphony Cir Brentwood, CA 94513

2 Beds 3 Baths 2,280 sqft Built 2014

INVESTimate

$825,000

List Price

$2,940

$2,690 - $3,190

Rent Est.

$894,713  ( +8.45%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $361.84
  • 4 Days on Market
  • MLS # : CC40917972
  • Updated Date : 08/23/2020 at 11:58
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,280 sqft
  • Baths : 2 full , 1 half
Listing Agent

J. Rockcliff Realtors Inc.

Listing Agent's Description

55+ Trilogy Resort Living Tucked Back on the Street. Grand Entrance through the front Door with Added Decorator Glass Panel and Solar Light Tubes onto Extensive Wood Floors. Upgraded Kitchen Cabinets w/Pullouts, Satin Finish Granite Counters & Backsplash, 2 Ovens, 6 Burner Gas Stove and Pendant Lights. Office with French Doors, Built-in Desk, Cabinets, 4 File Drawers and Built-in Murphy Bed with Side Glass Paneled Cabinets. Formal Dining Room, Great Room and Hearth Room with Fireplace. Beautifully Landscaped with Built-in BBQ, Extensive paved Patio and Walk-Ways, Seating Areas, Decorator Rock Walls, Water Fountain Feature w/ Resting Pool. Overhang w/Ceiling Fan that Expands Across the Back for Sun Protection. Builder pre-Paid Solar Lease

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PRICE & RENT TRENDS

Neighborhood: Vineyards at Marsh Creek

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $273k1216k

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

Neighborhood: Vineyards at Marsh Creek

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21400160018002000220024002600280030003200340036003800Rent in $13953863

* 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
Ron Nunn Elementary School Primary Regular 546 22 7
Adams Middle School Middle Regular 1,106 40 8
Heritage High School High Regular 2,503 100 9

Ron Nunn Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 22
7
GreatSchools Rating

Adams Middle School

  • Education Level: Middle
  • # of students: 1,106
  • # of teachers: 40
8
GreatSchools Rating

Heritage High School

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

$742,500$907,500$825,000

PURCHASE PRICE

$2,646$3,234$2,940

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-$25k-$20k-$15k-$10k-$5.0k$0.0

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 $2,940
EXPENSES Loan Payment -$3,044
Property Tax -$897
Property Insurance -$82
HOA -$346
Property Management Fees -$149
CASH FLOW
-$1,578

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.

$825,000

PROJECTED PRICE

$2,940

PROJECTED RENT

0.36%

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 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$44

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,940

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $2,958

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,6004$2,8005$2,940
$2,940
RENT COMPS ANALYSIS
  • 1511 Symphony Cir Brentwood, 5
    • 2 beds 3 baths ∙ 2,280 Sqft ∙ Built 2014 2 beds 3 baths ∙ 2,280 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,940
    • $1.29
    •  
  • 1941 Jubilee Drive Brentwood, 1
    • 2 beds 3 baths ∙ 1,940 Sqft ∙ Built 1998 2 beds 3 baths ∙ 1,940 Sqft ∙ Built 1998
    property image
    LEASED 03/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.29
    •  
  • 912 Centennial Dr. Brentwood, 2
    • 2 beds 2 baths ∙ 1,945 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,945 Sqft ∙ Built 2003
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.29
    •  
  • 61 Gala Ln Brentwood, 3
    • 2 beds 3 baths ∙ 1,940 Sqft ∙ Built 1996 2 beds 3 baths ∙ 1,940 Sqft ∙ Built 1996
    property image
    LEASED 03/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.34
    •  
  • 160 Gala Ln Brentwood, 4
    • 2 beds 3 baths ∙ 2,206 Sqft ∙ Built 1996 2 beds 3 baths ∙ 2,206 Sqft ∙ Built 1996
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.27
    •  
PROPERTY LISTING DETAILS
Carolyn Young
J. Rockcliff Realtors Inc.
BESbswy