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2003 Grant St Brentwood, CA 94513

5 Beds 3 Baths 3,150 sqft Built 2002

$865,000

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $274.60
  • 6 Days on Market
  • MLS # : EB40930269
  • Updated Date : 11/25/2020 at 16:19
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,150 sqft
  • Baths : 3 full
Listing Agent

Morning Star Properties

Listing Agent's Description

Gorgeous 2 story family home with beautiful curb appeal & huge concreted side yard & RV ACCESS with dump & electrical hookup. Home is stunning from the moment you open the front door into the formal living room with fireplace/over looking the arched entry into the formal dining room. Kitchen/family room combo has surrounding windows with beautiful plantation shutters, breakfast bar & island cabinet. Dbl oven, built in whirlpool micro/gas cooktop & lots of built-in cabinets. Family room fireplace for the cozy winter & bright light windows show off the concrete patio/full patio + gorgeous built-in dark blue bottom pool/spa with additional Ultra Violet cleaning system. Full length patio and patio cover + overhead fans, lush landscape to enjoy all summer. 6th bedroom is a bonus room in addition to the great sized 5 bedrooms. Jetted tub in the master/separate shower. Custom color interior throughout, raised panel doors & DBL garage door openers, auto sprinklers front & rear & much more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Meridian Point

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1015k

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

Neighborhood: Meridian Point

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13953193

* 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
Pioneer Elementary School Primary Regular 879 34 6
Bristow Middle School Middle Regular 1,122 43 7
Heritage High School High Regular 2,503 100 9

Pioneer Elementary School

  • Education Level: Primary
  • # of students: 879
  • # of teachers: 34
6
GreatSchools Rating

Bristow Middle School

  • Education Level: Middle
  • # of students: 1,122
  • # of teachers: 43
7
GreatSchools Rating

Heritage High School

  • Education Level: High
  • # of students: 2,503
  • # of teachers: 100
9
GreatSchools Rating
 

$778,500$951,500$865,000

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$3,191
Property Tax -$860
Property Insurance -$103
Property Management Fees -$149
CASH FLOW
-$1,303

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.

$865,000

PROJECTED PRICE

$3,000

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.4%
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$500k$1.0M$1.5M$2.0M$2.5M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$234,975

INVESTMENT

$234,975

Down Payment
$216,250
Rehab Estimate
$5,750
Closing Costs
$12,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,191

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $216,250
Loan Amount $648,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$561

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
  • $3,221

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$3,2004$3,2505$4,000
$4,000
RENT COMPS ANALYSIS
  • 2003 Grant St Brentwood, CA 1
    • 5 beds 3 baths ∙ 3,150 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,150 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1457 Paradise Ln Brentwood, CA 2
    • 5 beds 3 baths ∙ 3,129 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,129 Sqft ∙ Built 2005
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.91
    •  
  • 1813 Moreau Way Brentwood, CA 3
    • 4 beds 3 baths ∙ 3,302 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,302 Sqft ∙ Built 2004
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.97
    •  
  • 885 Inverness Ct Brentwood, CA 4
    • 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2002
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.06
    •  
  • 2321 Star Lilly Street Brentwood, CA 5
    • 4 beds 3 baths ∙ 3,477 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,477 Sqft ∙ Built 2006
    LEASED 11/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.15
    •  
PROPERTY LISTING DETAILS
Lynnda Mori
Morning Star Properties
BESbswy