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1535 Honeysuckle Rd Livermore, CA 94551

3 Beds 2 Baths 1,178 sqft Built 1980

INVESTimate

$749,900

List Price

$3,000

$2,750 - $3,250

Rent Est.

$825,865  ( +10.13%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $636.59
  • 3 Days on Market
  • MLS # : BE40917624
  • Updated Date : 08/25/2020 at 10:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,178 sqft
  • Baths : 2 full
Listing Agent

Real Estate Services

Listing Agent's Description

Well maintained and beautifully updated single story that offers 3 bd & 2 updated baths. Wood floors in all living areas and bedrooms. Living room features a sunny bay window. Dining area with fireplace. Kitchen has solid surface counters, stainless steel dual sinks, dishwasher, oven & range, and refrigerator. Central heat and air. All-season sunroom with skylights and dual pane windows that extends your living area options. Finished and painted garage has pull down overhead storage area. Newer, stamped concrete driveway and walks. Large side access with huge utility shed. Private rear yards with flowering trees, mature landscape, planting areas and a trampoline. Adjacent to community park. Incredibly convenient to freeways, shopping centers and schools. 3D Tour: https://my.matterport.com/show/?m=EPSZpwM9gKK

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Springtown

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1016k

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

Neighborhood: Springtown

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14053195

* 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
Altamont Creek Elementary School Primary Regular 519 23 7
Andrew Christensen Middle School Middle Regular 661 30 7
Livermore High School High Regular 1,771 82 8

Altamont Creek Elementary School

  • Education Level: Primary
  • # of students: 519
  • # of teachers: 23
7
GreatSchools Rating

Andrew Christensen Middle School

  • Education Level: Middle
  • # of students: 661
  • # of teachers: 30
7
GreatSchools Rating

Livermore High School

  • Education Level: High
  • # of students: 1,771
  • # of teachers: 82
8
GreatSchools Rating
 

$674,910$824,890$749,900

PURCHASE PRICE

$2,700$3,300$3,000

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$20k

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 $3,000
EXPENSES Loan Payment -$2,767
Property Tax -$842
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
-$814

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.

$749,900

PROJECTED PRICE

$3,000

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.13%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$8,209

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,000

    LIST RENT
  • $2.55

    LIST RENT PER SQFT
  • $2,992

    COMP ESTIMATED VALUE
  • $2.54

    COMP AVG. RENT PER SQFT
Comps Range
$2,895
1$2,8952$2,9753$2,9754$2,9755$3,000
$3,000
RENT COMPS ANALYSIS
  • 1535 Honeysuckle Rd Livermore, 5
    • 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.55
    •  
  • 4274 Galloway St Livermore, 1
    • 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1971
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $2.58
    •  
  • 1565 Morning Glory Cir Livermore, 2
    • 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1989
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $2.53
    •  
  • 4122 Bristlecone Way Livermore, 3
    • 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 1986
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $2.43
    •  
  • 1715 Carnation Cir Livermore, 4
    • 3 beds 2 baths ∙ 1,135 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,135 Sqft ∙ Built 1980
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $2.62
    •  
PROPERTY LISTING DETAILS
Marcel Chaparteguy
Real Estate Services
BESbswy