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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $345.23
- 5 Days on Market
- MLS # : MR40932876
- Updated Date : 12/30/2020 at 14:58
CONSTRUCTION
- Beds : 4
- Floor Size : 3,027 sqft
- Baths : 3 full
Listing Agent
Redfin
Listing Agent's Description
Welcome to your new home located in Victoria by the Bay development. A stunning 4 Bedroom, 3 Bath, and 3 Car garage property close to Rose Gardens, Bay Trail, Shopping and Freeways. Elegant stone columns grace the entry while cathedral ceilings bring natural light to the open floor plan. Enjoy laminate wood style floors throughout, newer carpeting on the stairs, a guest bedroom and bath on the main level, two fireplaces, and surround sound system in the family room. The large kitchen boasts a center island, bar seating, Corian counters & double oven. The grand primary suite offers a relaxing en-suite bath complete with Jacuzzi tub and upgraded spacious shower. All bathrooms include updated tile and an indoor laundry room. A fully decorative cemented backyard is perfect for entertaining, to include low maintenance turf, new fencing and outdoor speakers. Schedule your tour today!
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PRICE & RENT TRENDS
Neighborhood: New Pacific
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: New Pacific
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,710 |
| EXPENSES | Loan Payment | -$3,856 |
| Property Tax | -$1,277 | |
| Property Insurance | -$100 | |
| HOA | -$77 | |
| Property Management Fees | -$182 | |
|
CASH FLOW
-$1,782
|
||
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.
$1,045,000
PROJECTED PRICE
$3,710
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 8.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.09% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$282,675
LOAN DETAILS
$3,856
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $261,250 |
| Loan Amount | $783,750 |
0.17
YEARS SAVED
$108
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,723
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
160 Watermark Ter Hercules, CA 1
- 4 beds 3 baths ∙ 3,027 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,027 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1183 Promenade St Hercules, CA 2
- 4 beds 4 baths ∙ 2,845 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,845 Sqft ∙ Built 2003
LEASED 05/15/20- Rent
- Rent Per SQFT
- $3,500
- $1.23
PROPERTY LISTING DETAILS
Redfin
