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172 Honeygold Ln Brentwood, CA 94513

2 Beds 3 Baths 1,940 sqft Built 1996

$555,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $286.08
  • 2 Days on Market
  • MLS # : BE40931878
  • Updated Date : 12/12/2020 at 20:14
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,940 sqft
  • Baths : 2 full , 1 half
Listing Agent

Skye Real Estate

Listing Agent's Description

Welcome to Summerset 1, a gated active adult community (55+) that has so much to offer. Enjoy resort living featuring a Community pool and spa, Clubhouse, workout center, walking trails, tennis and bocce ball courts. This single story home with natural sunlight throughout has an open living room/formal dining room combination, spacious office, bight kitchen with a breakfast nook and additional seating at the kitchen island. The spacious family room has a fireplace for those cozy evenings. The large master bedroom features an en suite bathroom with separate tub and shower, double sinks, and a walk in closet. The second bedroom features its own en suite bath. The laundry room is conveniently located just a few steps away from the bedrooms. Full sized 2 car garage plus golf cart garage. You won't want to miss this beautiful home, close to freeways, shopping and medical offices and hospital.

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
 

$499,500$610,500$555,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$2,048
Property Tax -$552
Property Insurance -$74
HOA -$285
Property Management Fees -$149
CASH FLOW
-$517

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.

$555,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.47%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$152,825

INVESTMENT

$152,825

Down Payment
$138,750
Rehab Estimate
$5,750
Closing Costs
$8,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,048

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $138,750
Loan Amount $416,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$9,955

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,585

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,6004$2,8005$2,950
$2,950
RENT COMPS ANALYSIS
  • 172 Honeygold Ln Brentwood, CA 1
    • 2 beds 3 baths ∙ 1,940 Sqft ∙ Built 1996 2 beds 3 baths ∙ 1,940 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 155 Apple Hill Dr Brentwood, CA 2
    • 2 beds 2 baths ∙ 1,735 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,735 Sqft ∙ Built 1995
    property image
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.33
    •  
  • 383 Grenadier Way Brentwood, CA 3
    • 2 beds 3 baths ∙ 1,905 Sqft ∙ Built 1998 2 beds 3 baths ∙ 1,905 Sqft ∙ Built 1998
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.36
    •  
  • 160 Gala Ln Brentwood, CA 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
    •  
  • 1550 Margil Brentwood, CA 5
    • 2 beds 3 baths ∙ 2,156 Sqft ∙ Built 1998 2 beds 3 baths ∙ 2,156 Sqft ∙ Built 1998
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.37
    •  
PROPERTY LISTING DETAILS
Kristina Lum
Skye Real Estate
BESbswy