Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

208 Majorca Dr San Ramon, CA 94582

2 Beds 2 Baths 1,885 sqft Built 1992

$899,000

List Price

$3,230

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $476.92
  • 3 Days on Market
  • MLS # : MR40928414
  • Updated Date : 11/06/2020 at 18:24
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,885 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Exclusive Echo Ridge Home! Live easy with a manned security gate, tennis courts, pool & spa, & a generous clubhouse, all in a serene environment. Home is light & bright from soaring ceilings, large windows, freshly painted walls, LED lighting, & skylights throughout. Your feet will love the recently installed Berber Carpet, Polished Hardwood, & Saltillo Tile. Open-concept Living Room w/Fireplace transitions to a grand Dining Room. The eat-in Chef's Kitchen furnishes newly installed GE Monogram Stainless Steel appliances, Ice Quartz countertops, & modern finishes. Main floor includes a large Bedroom & Full Bath. A Loft Bedroom &/or Home Office greets the 2nd floor. A spacious Master Bedroom features partial Canyon Views, fireplace, & custom walk-in closet. Luxuriate in the Master Bathroom with Sunken Tub, Shower, & Vanity featuring Double Sinks. Shop at Bishop Ranch, Whole Foods, San Ramon Farmers Market & Market Place Center, with access to I-680 and Blackhawk Country Club for Golf!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Lakes South

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $250k1078k

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

Neighborhood: Canyon Lakes South

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
Walt Disney Elementary School Primary Regular 560 23 8
Iron Horse Middle School Middle Regular 1,074 42 9
California High School High Regular 2,639 107 10

Walt Disney Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 23
8
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
 

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

PURCHASE PRICE

$2,907$3,553$3,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,230
EXPENSES Loan Payment -$3,317
Property Tax -$992
Property Insurance -$73
HOA -$140
Property Management Fees -$158
CASH FLOW
-$1,450

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

$3,230

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$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$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 75% 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

0.17

YEARS SAVED

$170

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
  • $3,569

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,6004$3,700
$3,700
RENT COMPS ANALYSIS
  • 208 Majorca Dr San Ramon, CA 1
    • 2 beds 2 baths ∙ 1,885 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,885 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6226 Lakeview Cir San Ramon, CA 2
    • 2 beds 3 baths ∙ 1,989 Sqft ∙ Built 1989 2 beds 3 baths ∙ 1,989 Sqft ∙ Built 1989
    property image
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.56
    •  
  • 2 Lone Tree Lane San Ramon, CA 3
    • 2 beds 3 baths ∙ 1,810 Sqft ∙ Built 2001 2 beds 3 baths ∙ 1,810 Sqft ∙ Built 2001
    property image
    LEASED 05/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.99
    •  
  • 1336 Canyon Side Ave San Ramon, CA 4
    • 2 beds 2 baths ∙ 1,735 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,735 Sqft ∙ Built 1986
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.13
    •  
PROPERTY LISTING DETAILS
Carol Reen
Compass
BESbswy