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2274 Cambridge Dr Discovery Bay, CA 94505

4 Beds 3 Baths 2,875 sqft Built 2001

$598,888

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $208.31
  • 5 Days on Market
  • MLS # : ML81825651
  • Updated Date : 01/16/2021 at 09:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,875 sqft
  • Baths : 3 full
Listing Agent

Vara Realty, Inc.

Listing Agent's Description

Upgrade to a larger home in a tranquil & friendly neighborhood in Discovery Bay! This bright spacious home features 4 bedrooms & 3 bathrooms PLUS additional room suitable for a guest room, home office, hobby/craft room. The living & dining area, open to the second floor, & abundant natural light give this home a light airy feel from the moment you walk in. Entertain & enjoy time with family & friends in the open layout family room & kitchen.� The covered backyard patio further expands your entertaining & everyday living area. Relax in your upstairs owners suite & spa-inspired bathroom with soaking tub, dual sinks, vanity & walk-in closet. Located in a quiet and friendly neighborhood. No HOA. Walking distance to Timber Point School & 2 neighborhood parks. Convenient access to shopping, dining & major highways. Discovery Bay boasts a full-service deep water yacht harbor, 2 shopping centers, 3 public schools, 1 private school & a variety of dining options.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Lakes

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1015k

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

Neighborhood: The Lakes

ZipNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14643193

* 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
 

$538,999$658,777$598,888

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,080
Property Tax -$707
Property Insurance -$96
Property Management Fees -$149
CASH FLOW
-$213

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.

$598,888

PROJECTED PRICE

$2,820

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$164,455

INVESTMENT

$164,455

Down Payment
$149,722
Rehab Estimate
$5,750
Closing Costs
$8,983

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,080

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,722
Loan Amount $449,166
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$32,047

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,832

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8203$2,8504$2,8505$2,850
$2,850
RENT COMPS ANALYSIS
  • 2274 Cambridge Dr Discovery Bay, CA 2
    • 4 beds 3 baths ∙ 2,875 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,875 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $0.98
    •  
  • 2419 Aberdeen Ln Discovery Bay, CA 1
    • 5 beds 3 baths ∙ 2,672 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,672 Sqft ∙ Built 2002
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.01
    •  
  • 3507 Keystone Loop Discovery Bay, CA 3
    • 4 beds 3 baths ∙ 3,030 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,030 Sqft ∙ Built 2003
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.94
    •  
  • 5666 Arcadia Cir Discovery Bay, CA 4
    • 4 beds 3 baths ∙ 2,959 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,959 Sqft ∙ Built 2004
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.96
    •  
  • 3348 Lookout Point Loop Discovery Bay, CA 5
    • 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 2003
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.03
    •  
PROPERTY LISTING DETAILS
Michaelangelo Guevara
Vara Realty, Inc.
BESbswy