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208 Tanager Way Hercules, CA 94547

4 Beds 3 Baths 2,344 sqft Built 1989

$799,000

List Price

$3,010

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $340.87
  • 4 Days on Market
  • MLS # : EB40928972
  • Updated Date : 11/13/2020 at 18:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,344 sqft
  • Baths : 3 full
Listing Agent

Bay Town Brokers, Inc.

Listing Agent's Description

A paradise oasis awaits..amazing indoor/outdoor floorplan, 3 car garage with GRAND ENTRY & high ceilings throughout. Highly sought after 1st floor bedroom & full bath, this SUN DRENCHED home satisfies as the perfect FAMILY retreat! Large entertaining outdoor spaces + a full MASTER SUITE with separate his & her closets, sitting area, private bathroom & deck. Additional separate parking (for multiple cars or an RV), all tucked away behind your exclusive fenced in & secure gated home. Updates in the last 2 years include new heater, new water heater, exterior paint, & remodeled backyard. Located in a perfect established Hercules neighborhood near all schools, shops, restaurants & freeways (Hwy 4 & 80).

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Birds

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1100k

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

Neighborhood: The Birds

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000Rent in $16323193

* 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
Hanna Ranch Elementary School Primary Regular 474 19 5
Hercules Middle School Middle Regular 636 28 5
Hercules High School High Regular 935 38 5

Hanna Ranch Elementary School

  • Education Level: Primary
  • # of students: 474
  • # of teachers: 19
5
GreatSchools Rating

Hercules Middle School

  • Education Level: Middle
  • # of students: 636
  • # of teachers: 28
5
GreatSchools Rating

Hercules High School

  • Education Level: High
  • # of students: 935
  • # of teachers: 38
5
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,709$3,311$3,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,010
EXPENSES Loan Payment -$2,948
Property Tax -$940
Property Insurance -$84
Property Management Fees -$149
CASH FLOW
-$1,111

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.

$799,000

PROJECTED PRICE

$3,010

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.6%
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$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,358

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
  • $3,188

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,5004$3,500
$3,500
RENT COMPS ANALYSIS
  • 208 Tanager Way Hercules, CA 1
    • 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 136 Daisy Ct Hercules, CA 2
    • 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 1978
    property image
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.34
    •  
  • 115 Driftwood Cv Hercules, CA 3
    • 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 2004
    property image
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.42
    •  
  • 1226 Earnest St Hercules, CA 4
    • 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2003
    property image
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.32
    •  
PROPERTY LISTING DETAILS
Sanjeev Dhingra
Bay Town Brokers, Inc.
BESbswy