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1867 Tangier Ter Brentwood, CA 94513

2 Beds 3 Baths 1,905 sqft Built 2000

$529,950

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $278.19
  • 4 Days on Market
  • MLS # : BE40927724
  • Updated Date : 11/01/2020 at 13:54
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,905 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Join us on Sunday, November 1st, at https://bit.ly/34ueRv2 for a live virtual tour. 1867 Tangier is the lovely 1,905 sf "Edgewood" model on a 7,547 sf lot located in Summerset3, a gated 55+ adult community with an Elegant Foyer, spacious Den, Formal Dining Room, and open Floor Plan. The large Master Bedroom has a spacious master bathroom and walk in closet. The Junior. Master is located on the opposite side of the house and has its own bathroom, making it great, private retreat for your guests. Our end of court location is ideal for your guests parking and the fully fenced yard is large enough for a vegetable garden and fruit trees. Come see this lovely home and see the lovely amenities Summerset has to offer. it's more than a community, it's a lifestyle. Welcome home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Summerset

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1015k

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

Neighborhood: Summerset

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13123193

* 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
Krey Elementary School Primary Regular 893 34 7
Adams Middle School Middle Regular 1,106 40 8
Heritage High School High Regular 2,503 100 9

Krey Elementary School

  • Education Level: Primary
  • # of students: 893
  • # of teachers: 34
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
 

$476,955$582,945$529,950

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,955
Property Tax -$632
Property Insurance -$73
HOA -$115
Property Management Fees -$149
CASH FLOW
-$445

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.

$529,950

PROJECTED PRICE

$2,480

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,187

INVESTMENT

$146,187

Down Payment
$132,488
Rehab Estimate
$5,750
Closing Costs
$7,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,488
Loan Amount $397,463
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$13,880

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $2,572

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,3003$2,4804$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 1867 Tangier Ter Brentwood, CA 3
    • 2 beds 3 baths ∙ 1,905 Sqft ∙ Built 2000 2 beds 3 baths ∙ 1,905 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.30
    •  
  • 1431 Bismarck Brentwood, CA 1
    • 2 beds 2 baths ∙ 1,566 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,566 Sqft ∙ Built 2000
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.28
    •  
  • 1862 Tangier Ter Brentwood, CA 2
    • 2 beds 2 baths ∙ 1,566 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,566 Sqft ∙ Built 2000
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.47
    •  
  • 912 Centennial Dr. Brentwood, CA 4
    • 2 beds 2 baths ∙ 1,945 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,945 Sqft ∙ Built 2003
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.29
    •  
  • 383 Grenadier Way Brentwood, CA 5
    • 2 beds 3 baths ∙ 1,905 Sqft ∙ Built 1998 2 beds 3 baths ∙ 1,905 Sqft ∙ Built 1998
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.36
    •  
PROPERTY LISTING DETAILS
Jo Ann Luisi
Compass
BESbswy