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213 Cumberland Way Discovery Bay, CA 94505

3 Beds 2 Baths 1,877 sqft Built 2004

$570,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $303.68
  • 4 Days on Market
  • MLS # : EB40928540
  • Updated Date : 11/14/2020 at 17:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,877 sqft
  • Baths : 2 full
Listing Agent

Merrill Signature Properties

Listing Agent's Description

Beautiful single story in desirable Lakeshore gated community! Enjoy miles of walking and jogging trails, community pool, volleyball and basketball courts! And the luxury of living minutes too miles of delta water ways. This great starter home has 3-bedrooms, 2- baths + a den that could be a 4th bedroom. Open concept kitchen family room combo with kitchen bar and nook. Bring your boat too because this home has side yard access to store your boat! (Rare find in lakeshore) and enough parking for 3 cars in this driveway!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lakeshore

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Lakeshore

ZipNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800Rent in $14643863

* 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
Timber Point Elementary School Primary Regular 531 21 6
Excelsior Middle School Middle Regular 571 24 6
Liberty High School High Magnet 2,520 106 7

Timber Point Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 21
6
GreatSchools Rating

Excelsior Middle School

  • Education Level: Middle
  • # of students: 571
  • # of teachers: 24
6
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,520
  • # of teachers: 106
7
GreatSchools Rating
 

$513,000$627,000$570,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$2,103
Property Tax -$655
Property Insurance -$72
HOA -$185
Property Management Fees -$149
CASH FLOW
-$574

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.

$570,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.2%
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$1.8M

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,800

INVESTMENT

$156,800

Down Payment
$142,500
Rehab Estimate
$5,750
Closing Costs
$8,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,500
Loan Amount $427,500
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$8,079

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,590

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $2,618

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,5903$2,7504$2,8955$3,200
$3,200
RENT COMPS ANALYSIS
  • 213 Cumberland Way Discovery Bay, CA 2
    • 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $1.38
    •  
  • 5407 Gold Creek Cir Discovery Bay, CA 1
    • 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 2004
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.34
    •  
  • 5370 Emerald Ct Discovery Bay, CA 3
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1986
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.38
    •  
  • 8223 Brookhaven Cir Discovery Bay, CA 4
    • 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 2015
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.40
    •  
  • 1415 Discovery Bay Blvd Discovery Bay, CA 5
    • 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 2000
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.46
    •  
PROPERTY LISTING DETAILS
Nick Lorusso
Merrill Signature Properties
BESbswy