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1593 Crispin Dr. Brentwood, CA 94513

2 Beds 2 Baths 1,524 sqft Built 1994

$494,900

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $324.74
  • 3 Days on Market
  • MLS # : EB40932316
  • Updated Date : 12/18/2020 at 14:34
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,524 sqft
  • Baths : 2 full
Listing Agent

Sharp Realty

Listing Agent's Description

Great value in Summerset 1! Recent carpet and gorgeous Coretec vinyl plank flooring. Recent interior paint. Light, bright and open feel. Popular floor plan has full dining area, living room, family room and large primary bedroom. Enjoy all the benefits of Summerset 55+ active-adult living. Security gate, clubhouse, pool, spa, tennis courts, and a wide range of social activities. This home is located close to the clubhouse for ease of access.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Summerset I

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Summerset I

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21400160018002000220024002600280030003200340036003800Rent in $12533863

* 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
 

$445,410$544,390$494,900

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,826
Property Tax -$492
Property Insurance -$64
HOA -$95
Property Management Fees -$149
CASH FLOW
-$336

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.

$494,900

PROJECTED PRICE

$2,290

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,899

INVESTMENT

$136,899

Down Payment
$123,725
Rehab Estimate
$5,750
Closing Costs
$7,424

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,725
Loan Amount $371,175
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$19,710

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $1.5

    LIST RENT PER SQFT
  • $2,286

    COMP ESTIMATED VALUE
  • $1.5

    COMP AVG. RENT PER SQFT
Comps Range
$2,037
1$2,0372$2,2903$2,3004$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 1593 Crispin Dr. Brentwood, CA 2
    • 2 beds 2 baths ∙ 1,524 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,524 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $1.50
    •  
  • 313 Upton Pyne Dr Brentwood, CA 1
    • 2 beds 2 baths ∙ 1,364 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,364 Sqft ∙ Built 1999
    property image
    LEASED 07/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,037
    • $1.49
    •  
  • 374 Gravenstein Ter Brentwood, CA 3
    • 2 beds 2 baths ∙ 1,524 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,524 Sqft ∙ Built 1994
    property image
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.51
    •  
  • 1862 Tangier Ter Brentwood, CA 4
    • 2 beds 2 baths ∙ 1,566 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,566 Sqft ∙ Built 2000
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.47
    •  
  • 1626 Regent Dr Brentwood, CA 5
    • 2 beds 2 baths ∙ 1,566 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,566 Sqft ∙ Built 2001
    property image
    LEASED 06/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.53
    •  
PROPERTY LISTING DETAILS
Brian Sharp
Sharp Realty
BESbswy