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2334 Winchester Loop Discovery Bay, CA 94505

4 Beds 3 Baths 3,213 sqft Built 2003

$749,988

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
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.

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
 

$674,989$824,987$749,988

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 -$2,767
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

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,497

INVESTMENT

$204,497

Down Payment
$187,497
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,497
Loan Amount $562,491
See What Happens When You Reinvest Cash Flow

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
$2,750
1$2,7502$2,8203$2,8504$2,8505$3,000
$3,000
RENT COMPS ANALYSIS
  • 2334 Winchester Loop Discovery Bay, CA 2
    • 4 beds 3 baths ∙ 3,213 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,213 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $0.88
    •  
  • 525 Livingston Ct Discovery Bay, CA 1
    • 4 beds 3 baths ∙ 3,127 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,127 Sqft ∙ Built 2005
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.88
    •  
  • 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
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.94
    •  
  • 4324 Cummings Ln Discovery Bay, CA 4
    • 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 2006
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.89
    •  
  • 549 Livingston Ct Discovery Bay, CA 5
    • 4 beds 3 baths ∙ 3,127 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,127 Sqft ∙ Built 2005
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.96
    •  
PROPERTY LISTING DETAILS
Emilio Leypon
Prosper Real Estate
BESbswy