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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $297.94
- 3 Days on Market
- MLS # : EB40930458
- Updated Date : 11/28/2020 at 09:09
CONSTRUCTION
- Beds : 2
- Floor Size : 1,846 sqft
- Baths : 2 full
Listing Agent
Corcoran Global Living
Listing Agent's Description
Located in Summerset I, a 55+ adult gated community. This single-story home is situated on a corner lot and features an open floor plan with high ceilings, lots of windows and plenty of natural light. The Formal Living Room and Dining Room open to a cozy Family Room and additional dining area. The Kitchen features Granite slab counters, a gas burning range and ample storage space. The spacious Bedroom 1 provides access to the rear patio. Bathroom 1 boasts a walk-in closet, dual vanity sinks, a shower and a walk-in sauna. Large indoor laundry room includes a utility sink. The spacious two car garage has a built-in work bench and additional storage cabinets. Private back yard consists of a partially covered patio and BBQ enclosure. Amenities in this active adult community include pool, spa, tennis and bocce ball. For a 3D virtual tour visit www.galalane.com
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PRICE & RENT TRENDS
Neighborhood: Summerset I
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Summerset I
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,430 |
| EXPENSES | Loan Payment | -$2,029 |
| Property Tax | -$547 | |
| Property Insurance | -$72 | |
| HOA | -$95 | |
| Property Management Fees | -$149 | |
|
CASH FLOW
-$462
|
||
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.
$550,000
PROJECTED PRICE
$2,430
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 5.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.09% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$151,500
LOAN DETAILS
$2,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
2.67
YEARS SAVED
$14,269
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,538
COMP ESTIMATED VALUE -
$1.38
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 08/02/19- Rent
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- $2,300
- $1.33
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LEASED 09/22/20- Rent
- Rent Per SQFT
- $2,500
- $1.44
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383 Grenadier Way Brentwood, CA 4
- 2 beds 3 baths ∙ 1,905 Sqft ∙ Built 1998 2 beds 3 baths ∙ 1,905 Sqft ∙ Built 1998
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LEASED 05/31/20- Rent
- Rent Per SQFT
- $2,600
- $1.36
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LEASED 11/18/20- Rent
- Rent Per SQFT
- $2,950
- $1.37
PROPERTY LISTING DETAILS
Corcoran Global Living
