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2070 Canyon Lakes Drive San Ramon, CA 94582

3 Beds 3 Baths 2,169 sqft Built 1989

INVESTimate

$1,189,000

List Price

$3,950

$3,700 - $4,200

Rent Est.

$1,280,315  ( +7.68%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $548.18
  • 5 Days on Market
  • MLS # : BE40917942
  • Updated Date : 08/23/2020 at 03:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,169 sqft
  • Baths : 3 full
Listing Agent

Legend Rlty & Finance Group

Listing Agent's Description

Views! Views! Location! Location! Beautiful and Well-maintained single-family home in Gated community at Canyon Lakes. No back neighbor but the 8th fairway of Canyon Lakes Golf Course! Enjoy breathtaking views of San Ramon Valley and Golf Course. Nice Floor Plan has over 2,000 Sq. Ft. of living space with 3 bedrooms 3 full bathrooms include 1 bedroom and a full bathroom downstairs. Large Master Suite and Balcony overlooking the Golf Course. Formal Family, Living and Dining rooms, Eat-in Kitchen. Many upgrades including Hardwood floors, Updated bathrooms, Stainless steel appliances and Granite countertops in Kitchen. Leveled backyard has built-in BBQ facility to enjoy the forever green Golf course. Convenience location close to New San Ramon Bishop Shopping Center, Civic Center, restaurants and shops. Top rated K-12 Schools, Easy access to 680/580.

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PRICE & RENT TRENDS

Neighborhood: Canyon Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Canyon Lakes

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714044

* 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
Golden View Elementary School Primary Regular 670 28 10
Iron Horse Middle School Middle Regular 1,074 42 9
California High School High Regular 2,639 107 10

Golden View Elementary School

  • Education Level: Primary
  • # of students: 670
  • # of teachers: 28
10
GreatSchools Rating

Iron Horse Middle School

  • Education Level: Middle
  • # of students: 1,074
  • # of teachers: 42
9
GreatSchools Rating

California High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 107
10
GreatSchools Rating
 

$1,070,100$1,307,900$1,189,000

PURCHASE PRICE

$3,555$4,345$3,950

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,950
EXPENSES Loan Payment -$4,387
Property Tax -$1,280
Property Insurance -$79
HOA -$93
Property Management Fees -$194
CASH FLOW
-$2,083

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.

$1,189,000

PROJECTED PRICE

$3,950

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.68%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$320,835

INVESTMENT

$320,835

Down Payment
$297,250
Rehab Estimate
$5,750
Closing Costs
$17,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,387

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $297,250
Loan Amount $891,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$121

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
  • $3,953

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5903$3,5954$3,8005$3,950
$3,950
RENT COMPS ANALYSIS
  • 2070 Canyon Lakes Drive San Ramon, 1
    • 3 beds 3 baths ∙ 2,169 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,169 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 232 Lakeridge Way San Ramon, 2
    • 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 1989
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,590
    • $1.76
    •  
  • 4385 Lilac Ridge Rd San Ramon, 3
    • 3 beds 3 baths ∙ 1,971 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,971 Sqft ∙ Built 2000
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,595
    • $1.82
    •  
  • 331 Jade Ct San Ramon, 4
    • 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 1993
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.73
    •  
  • 5070 E Lakeshore Dr San Ramon, 5
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1989
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.98
    •  
PROPERTY LISTING DETAILS
Cherrie Wun
Legend Rlty & Finance Group
BESbswy