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21 Gala Ln Brentwood, CA 94513

2 Beds 2 Baths 1,846 sqft Built 1996

$550,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
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

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Summerset I

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Summerset I

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21400160018002000220024002600280030003200340036003800Rent in $12533863

* 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
Ron Nunn Elementary School Primary Regular 546 22 7
Adams Middle School Middle Regular 1,106 40 8
Heritage High School High Regular 2,503 100 9

Ron Nunn Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 22
7
GreatSchools Rating

Adams Middle School

  • Education Level: Middle
  • # of students: 1,106
  • # of teachers: 40
8
GreatSchools Rating

Heritage High School

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

$495,000$605,000$550,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,538

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,5004$2,6005$2,950
$2,950
RENT COMPS ANALYSIS
  • 21 Gala Ln Brentwood, CA 1
    • 2 beds 2 baths ∙ 1,846 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,846 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 155 Apple Hill Dr Brentwood, CA 2
    • 2 beds 2 baths ∙ 1,735 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,735 Sqft ∙ Built 1995
    property image
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.33
    •  
  • 90 Gala Brentwood, CA 3
    • 2 beds 2 baths ∙ 1,735 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,735 Sqft ∙ Built 1996
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.44
    •  
  • 383 Grenadier Way Brentwood, CA 4
    • 2 beds 3 baths ∙ 1,905 Sqft ∙ Built 1998 2 beds 3 baths ∙ 1,905 Sqft ∙ Built 1998
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.36
    •  
  • 1550 Margil Brentwood, CA 5
    • 2 beds 3 baths ∙ 2,156 Sqft ∙ Built 1998 2 beds 3 baths ∙ 2,156 Sqft ∙ Built 1998
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.37
    •  
PROPERTY LISTING DETAILS
James Carlson
Corcoran Global Living
BESbswy