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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $233.42
- 6 Days on Market
- MLS # : EB40930683
- Updated Date : 12/01/2020 at 13:31
CONSTRUCTION
- Beds : 4
- Floor Size : 3,213 sqft
- Baths : 3 full
Listing Agent
Prosper Real Estate
Listing Agent's Description
Welcome to Lakeshore...One of the Most Desirable Gated Communities in Discovery Bay. This Home Features the Perfect Family Friendly/Functional Floorplans... A Spacious Open Concept Kitchen/Family Room, Full Bedroom & Bath Downstairs, Rich Walnut Color Cabinetry, New Flooring, A Huge Loft/Game Room/Work From Home/Distance Learn Space/5th Bedroom Option (Tons of Possibilities Here), Master Suite Bedroom & Bath You Will Love (Oversized Walk In Closet) and YES...there a 4 Car Garage!!! Plus the Driveway...Park Up to 6 Cars At Home! The Backyard Space is Pool Size... Perfect for Entertaining and/or Relaxing. This Home is Impressive All Around....Sure to Impress You.
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PRICE & RENT TRENDS
Neighborhood: Lakeshore
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakeshore
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,820 |
| EXPENSES | Loan Payment | -$2,767 |
| Property Tax | -$861 | |
| Property Insurance | -$105 | |
| HOA | -$205 | |
| Property Management Fees | -$149 | |
|
CASH FLOW
-$1,267
|
||
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.
$749,988
PROJECTED PRICE
$2,820
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$204,497
LOAN DETAILS
$2,767
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $187,497 |
| Loan Amount | $562,491 |
0.17
YEARS SAVED
$80
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 -
$0.88
LIST RENT PER SQFT
-
$2,948
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 04/23/20- Rent
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LEASED 01/20/20- Rent
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LEASED 07/16/20- Rent
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- $2,850
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LEASED 07/27/20- Rent
- Rent Per SQFT
- $3,000
- $0.96
PROPERTY LISTING DETAILS
Prosper Real Estate
