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2968 Sombrero Cir San Ramon, CA 94583

4 Beds 2 Baths 2,041 sqft Built 1981

INVESTimate

$998,000

List Price

$3,810

$3,560 - $4,060

Rent Est.

$1,073,249  ( +7.54%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1981
  • Price/Sqft : $488.98
  • 6 Days on Market
  • MLS # : BE40917694
  • Updated Date : 08/23/2020 at 09:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,041 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Remodeled all new from top to bottom, this stunning 4 bed/2 bath single story home is just a short distance from all the amenities you could wish for, like City Center, San Ramon's Farmers Market, & Shops at Bishop Ranch. Inside the premium new engineered water resistant hardwood floors flow from the formal living & dining room, all the way into the kitchen & family room. A brand new kitchen awaits, complete with new Carrara Venus countertops and new cabinetry with all new appliances. Such an incredible feature of this home is the master suite with private patio, that leads to a direct entrance to the office/zoom room/fourth bedroom. Your commute to work is just a few footsteps away, yet completely private & away from the rest of the home. The backyard greets w/ peaceful serenity, new landscape, no rear neighbors, & fruit bearing trees from pears, apples, & plums. Premium Andersen windows & french doors fill the home w/ sun, warmth, & an aura of openness you won't find anywhere else.

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PRICE & RENT TRENDS

Neighborhood: Twin Creeks

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $273k1159k

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

Neighborhood: Twin Creeks

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714044

* 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
Bollinger Canyon Elementary School Primary Regular 588 25 9
Iron Horse Middle School Middle Regular 1,074 42 9
California High School High Regular 2,639 107 10

Bollinger Canyon Elementary School

  • Education Level: Primary
  • # of students: 588
  • # of teachers: 25
9
GreatSchools Rating

Iron Horse Middle School

  • Education Level: Middle
  • # of students: 1,074
  • # of teachers: 42
9
GreatSchools Rating

California High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 107
10
GreatSchools Rating
 

$898,200$1,097,800$998,000

PURCHASE PRICE

$3,429$4,191$3,810

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

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 $3,810
EXPENSES Loan Payment -$3,682
Property Tax -$1,072
Property Insurance -$76
HOA -$172
Property Management Fees -$187
CASH FLOW
-$1,379

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.

$998,000

PROJECTED PRICE

$3,810

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.54%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,220

INVESTMENT

$270,220

Down Payment
$249,500
Rehab Estimate
$5,750
Closing Costs
$14,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,682

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,500
Loan Amount $748,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,559

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
  • $4,082

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4403$3,6004$3,7455$4,200
$4,200
RENT COMPS ANALYSIS
  • 2968 Sombrero Cir San Ramon, 1
    • 4 beds 2 baths ∙ 2,041 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,041 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2988 Sombrero Cir San Ramon, 2
    • 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1983
    property image
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,440
    • $2.01
    •  
  • 270 Ludlow Pl San Ramon, 3
    • 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1968
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.01
    •  
  • 2631 Durango Ln San Ramon, 4
    • 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 1978
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,745
    • $1.99
    •  
  • 3031 Montevideo Dr. San Ramon, 5
    • 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1976
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.99
    •  
PROPERTY LISTING DETAILS
Robert Song
Compass
BESbswy