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283 Monarch Ter Brentwood, CA 94513

2 Beds 4 Baths 2,156 sqft Built 1998

$709,500

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $329.08
  • 3 Days on Market
  • MLS # : EB40928409
  • Updated Date : 11/07/2020 at 17:04
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,156 sqft
  • Baths : 3 full , 1 half
Listing Agent

Summerwood Properties

Listing Agent's Description

Casual easy living at its best. A dramatically and aesthetically pleasing home with generous family and living areas. Rich decorator colors and features make this truly a custom home. Stainless steel appliances and granite counters in kitchen. One of a kind wall art in living room and kitchen set the mood for entertaining. Kitchen and adjoining family room share lovely views of golf course. Shady private patio with built in barbecue center promises many afternoons and evenings to be enjoyed outside with family and friends!!Generous Master suite with door out to patio! Comfortable Guest Suite. Seperate den/office allows for private space away from bedrooms. Formal living and dining room. Interior laundry room. 2 car garage with golf cart garage. Located at the end of a cul de sac with golf course views from the front of the home and from the backyard patio, this couldn't be a more perfect place to call "home"!

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PRICE & RENT TRENDS

Neighborhood: Summerset

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1015k

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

Neighborhood: Summerset

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13123193

* 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
Krey Elementary School Primary Regular 893 34 7
Adams Middle School Middle Regular 1,106 40 8
Heritage High School High Regular 2,503 100 9

Krey Elementary School

  • Education Level: Primary
  • # of students: 893
  • # of teachers: 34
7
GreatSchools Rating

Adams Middle School

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

Heritage High School

  • Education Level: High
  • # of students: 2,503
  • # of teachers: 100
9
GreatSchools Rating
 

$638,550$780,450$709,500

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,618
Property Tax -$705
Property Insurance -$79
HOA -$115
Property Management Fees -$149
CASH FLOW
-$1,046

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.

$709,500

PROJECTED PRICE

$2,620

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.9%
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-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$193,768

INVESTMENT

$193,768

Down Payment
$177,375
Rehab Estimate
$5,750
Closing Costs
$10,643

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,618

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $177,375
Loan Amount $532,125
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$806

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
  • $2,774

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,8004$2,800
$2,800
RENT COMPS ANALYSIS
  • 283 Monarch Ter Brentwood, CA 1
    • 2 beds 3 baths ∙ 2,156 Sqft ∙ Built 1998 2 beds 3 baths ∙ 2,156 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 912 Centennial Dr. Brentwood, CA 2
    • 2 beds 2 baths ∙ 1,945 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,945 Sqft ∙ Built 2003
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.29
    •  
  • 160 Gala Ln Brentwood, CA 3
    • 2 beds 3 baths ∙ 2,206 Sqft ∙ Built 1996 2 beds 3 baths ∙ 2,206 Sqft ∙ Built 1996
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.27
    •  
  • 1550 Margil Brentwood, CA 4
    • 2 beds 3 baths ∙ 2,156 Sqft ∙ Built 1998 2 beds 3 baths ∙ 2,156 Sqft ∙ Built 1998
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.30
    •  
PROPERTY LISTING DETAILS
Roseann Jones
Summerwood Properties
BESbswy