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1701 Altamar Way Livermore, CA 94551

4 Beds 3 Baths 1,932 sqft Built 1998

$899,000

List Price

$3,210

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $465.32
  • 3 Days on Market
  • MLS # : BE40928351
  • Updated Date : 11/07/2020 at 04:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,932 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Spend the holiday season in your new home! Must see this move in ready spacious floor-plan with upgraded laminate flooring, plantation shutters, and recessed lighting. Open and bright eat-in kitchen features a gas range and abundant cabinetry. Neutral interior two tone paint with upstairs laundry and whole house fan. Yards features LARGE SIDE YARD ACCESS with double gates, custom storage shed, large patio overhang, newer fences and paver driveway. SHOW AND SELL!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94551

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $262k1078k

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

Zip Code: 94551

ZipNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800Rent in $14963863

* 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
 

$809,100$988,900$899,000

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$3,317
Property Tax -$994
Property Insurance -$74
Property Management Fees -$157
CASH FLOW
-$1,332

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.

$899,000

PROJECTED PRICE

$3,210

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.6%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$583

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,210

    LIST RENT
  • $1.66

    LIST RENT PER SQFT
  • $3,458

    COMP ESTIMATED VALUE
  • $1.79

    COMP AVG. RENT PER SQFT
Comps Range
$3,150
1$3,1502$3,2003$3,2104$3,350
$3,350
RENT COMPS ANALYSIS
  • 1701 Altamar Way Livermore, CA 3
    • 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $1.66
    •  
  • 1256 Hyacinth Ct Livermore, CA 1
    • 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 2000
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.89
    •  
  • 6371 Almaden Way Livermore, CA 2
    • 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2002
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.81
    •  
  • 2173 Leafcrest Cmn Livermore, CA 4
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1999
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.67
    •  
PROPERTY LISTING DETAILS
Miranda Mattos
Compass
BESbswy