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2470 San Simeon Ct Discovery Bay, CA 94505

3 Beds 2 Baths 1,795 sqft Built 1991

$575,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $320.33
  • 3 Days on Market
  • MLS # : EB40930414
  • Updated Date : 11/28/2020 at 14:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,795 sqft
  • Baths : 2 full
Listing Agent

Cal Bay Realty

Listing Agent's Description

Absolutely stunning single story home on a court with premium lot and way too many upgrades to list.. Walk into a family room with gorgeous high ceilings, with warm fireplace. A chef's dream kitchen recently done from top to bottom. Beautiful new flooring throughout, including newly installed laminate floors, plus new tile in the kitchen & bathrooms. There is a formal dining area with an open floor concept to both the family room & kitchen. 2 additional large bedrooms, again with high ceilings. Your master bedroom is huge & offers double vanity sinks, two walk in closets, soaking bathtub & shower. Sliding door to the oversized private yard with lots of space for entertaining, possible pool or ADU ! There is a laundry room & larger-than-standard two car garage as well for shop. Discovery Bay is a great place to live & yet still feel like you're on vacation. Great restaurant's & shops. Enjoy the delta life in this rare single-level home with all the bells & whistles plus NO HOA fees!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94505

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Zip Code: 94505

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
Discovery Bay Elementary School Primary Regular 493 19 7
Excelsior Middle School Middle Regular 571 24 6
Liberty High School High Magnet 2,520 106 7

Discovery Bay Elementary School

  • Education Level: Primary
  • # of students: 493
  • # of teachers: 19
7
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
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,122
Property Tax -$637
Property Insurance -$70
Property Management Fees -$149
CASH FLOW
-$458

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.

$575,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.0%
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$20k

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$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$16,660

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $2,630

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$2,520
1$2,5202$2,6003$2,7954$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 2470 San Simeon Ct Discovery Bay, CA 1
    • 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $1.40
    •  
  • 5250 Riverlake Rd Discovery Bay, CA 2
    • 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1980
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.46
    •  
  • 2408 Wayfarer Ct Discovery Bay, CA 3
    • 3 beds 3 baths ∙ 1,992 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,992 Sqft ∙ Built 1990
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.40
    •  
  • 2100 Largo Ct. Discovery Bay, CA 4
    • 4 beds 3 baths ∙ 2,021 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,021 Sqft ∙ Built 1987
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.48
    •  
  • 1594 Willow Lake Rd Discovery Bay, CA 5
    • 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 1978
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.52
    •  
PROPERTY LISTING DETAILS
Faisal Kakar
Cal Bay Realty
BESbswy