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2610 Empire Ave Brentwood, CA 94513

3 Beds 3 Baths 2,090 sqft Built 1989

INVESTimate

$945,000

List Price

$2,810

$2,560 - $3,060

Rent Est.

$1,024,853  ( +8.45%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $452.15
  • 8 Days on Market
  • MLS # : CC40917308
  • Updated Date : 08/19/2020 at 09:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,090 sqft
  • Baths : 2 full , 1 half
Listing Agent

Allison James Estates & Homes

Listing Agent's Description

Residential home on 2 Acre commercial lot. Commercial income property opportunity or redevelopment. This 2 acre lot in Brentwood. NEW CURBS, GUTTERS AND SIDEWALKS. Property currently has a 3+ bedroom 2090 sq ft residential home and a business fully leased. Multiple permitted uses, business offices, dry cleaners, veterinary pet svcs, banks, restaurant, equipment rental or repair, and lots more. House could be converted to Day Care with approval. Lot's more opportunity or great lot to hold. New street widening and new curb and gutters and walkway completed in Feb 2020.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94513

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1015k

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

Zip Code: 94513

ZipNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13953193

* 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
Pioneer Elementary School Primary Regular 879 34 6
Adams Middle School Middle Regular 1,106 40 8
Liberty High School High Magnet 2,520 106 7

Pioneer Elementary School

  • Education Level: Primary
  • # of students: 879
  • # of teachers: 34
6
GreatSchools Rating

Adams Middle School

  • Education Level: Middle
  • # of students: 1,106
  • # of teachers: 40
8
GreatSchools Rating

Liberty High School

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

$850,500$1,039,500$945,000

PURCHASE PRICE

$2,529$3,091$2,810

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,810
EXPENSES Loan Payment -$3,487
Property Tax -$1,041
Property Insurance -$78
Property Management Fees -$149
CASH FLOW
-$1,945

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.

$945,000

PROJECTED PRICE

$2,810

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.45%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$256,175

INVESTMENT

$256,175

Down Payment
$236,250
Rehab Estimate
$5,750
Closing Costs
$14,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$3,487

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $236,250
Loan Amount $708,750
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$22

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,801

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4503$2,6004$2,6005$2,625
$2,625
RENT COMPS ANALYSIS
  • 2610 Empire Ave Brentwood, 1
    • 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1600 Minnesota Ave Brentwood, 2
    • 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 2001
    property image
    LEASED 04/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.37
    •  
  • 4900 Foxford Way Antioch, 3
    • 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 2005
    property image
    LEASED 03/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.26
    •  
  • 4109 Richard Way Oakley, 4
    • 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 1992
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.45
    •  
  • 976 Chamomile Ln Brentwood, 5
    • 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2000
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,625
    • $1.28
    •  
PROPERTY LISTING DETAILS
Paul Kelly
Allison James Estates & Homes
BESbswy