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2892 Spanish Bay Dr Brentwood, CA 94513

4 Beds 4 Baths 3,156 sqft Built 2006

$924,999

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $293.09
  • 6 Days on Market
  • MLS # : EB40926904
  • Updated Date : 11/02/2020 at 21:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,156 sqft
  • Baths : 4 full
Listing Agent

Corcoran Global Living

Listing Agent's Description

Million dollar views from your very own backyard! Situated at the top of the hill in Deer Ridge this home boasts breathtaking views of Brentwood's rolling hills and valley, Mt Diablo and the Sierras! Enjoy the serene waterfall sounds while watching the sunrise or watch the sunset from your very own pool & spa! There's lots of privacy with only 1 neighbor! UPGRADES galore including but not limited to a newly remodeled chef's kitchen with high-end SS appliances, quartz countertops, tile backsplash, island & newer cabinetry. Waterproof "Quick Step" wood flooring throughout and newer interior/exterior paint. Newly designed stacked stone fireplace with live edge, black walnut mantel and shelves. New LED lighting and designer light fixtures throughout. Do not miss your opportunity to make this elegant and modern turn-key property your very own! Great restaurants, shopping, schools all nearby. Short distance to Highway 4 and Vasco Road.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Ridge Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Deer Ridge Country Club

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21400160018002000220024002600280030003200340036003800Rent in $13953863

* 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
 

$832,499$1,017,499$924,999

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$3,413
Property Tax -$1,052
Property Insurance -$103
Property Management Fees -$150
CASH FLOW
-$1,648

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.

$924,999

PROJECTED PRICE

$3,070

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.7%
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-$25k-$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$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,413

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $231,250
Loan Amount $693,749
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$83

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
  • $3,330

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,3004$3,3005$3,550
$3,550
RENT COMPS ANALYSIS
  • 2892 Spanish Bay Dr Brentwood, CA 1
    • 4 beds 4 baths ∙ 3,156 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,156 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 871 Inverness Ln Brentwood, CA 2
    • 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2002
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.01
    •  
  • 823 Riviera Ct Brentwood, CA 3
    • 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2003
    LEASED 07/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.08
    •  
  • 278 Pebble Beach Dr Brentwood, CA 4
    • 4 beds 3 baths ∙ 3,135 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,135 Sqft ∙ Built 2003
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.05
    •  
  • 861 Monterey Ct Brentwood, CA 5
    • 5 beds 5 baths ∙ 3,276 Sqft ∙ Built 2005 5 beds 5 baths ∙ 3,276 Sqft ∙ Built 2005
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.08
    •  
PROPERTY LISTING DETAILS
Olga Vidriales
Corcoran Global Living
BESbswy