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3224 Spicewood Ln San Ramon, CA 94582

4 Beds 3 Baths 2,568 sqft Built 2009

$1,390,000

List Price

$4,220

$4K - $4.5K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2009
  • Price/Sqft : $541.28
  • 8 Days on Market
  • MLS # : CC40926306
  • Updated Date : 10/27/2020 at 17:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,568 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

Are you looking for a single story home? Consider 3224 Spicewood Dr. This home is a true "pop up" style architectural design where the first floor offers 3 spacious bedrooms and 2 full bathrooms. The second level offers 1 bedroom/media room/gym/office with a large walk-in closet, full bathroom, vaulted ceilings and more. High end finishes include flawless cherry hardwood floors, 8" crown moldings, plantations shutters, pristine granite, custom backsplash and custom built-ins. Walking distance to San Ramon's top rated schools Gale Ranch Middle, Quail Run Elementary, and Dougherty Valley High. Enjoy the park, pool, and clubhouse.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gale Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $273k1238k

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

Neighborhood: Gale Ranch

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000320034003600380040004200Rent in $16714245

* 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
Quail Run Elementary School Primary Regular 1,020 43 8
Gale Ranch Middle School Middle Regular 1,107 41 8
Dougherty Valley High School High Unknown 2,645 107 NA

Quail Run Elementary School

  • Education Level: Primary
  • # of students: 1,020
  • # of teachers: 43
8
GreatSchools Rating

Gale Ranch Middle School

  • Education Level: Middle
  • # of students: 1,107
  • # of teachers: 41
8
GreatSchools Rating

Dougherty Valley High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 107
NA
GreatSchools Rating
 

$1,251,000$1,529,000$1,390,000

PURCHASE PRICE

$3,798$4,642$4,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,220
EXPENSES Loan Payment -$5,128
Property Tax -$1,555
Property Insurance -$89
HOA -$29
Property Management Fees -$207
CASH FLOW
-$2,788

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.

$1,390,000

PROJECTED PRICE

$4,220

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.2%
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$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$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$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$374,100

INVESTMENT

$374,100

Down Payment
$347,500
Rehab Estimate
$5,750
Closing Costs
$20,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,128

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $347,500
Loan Amount $1,042,500
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$44

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,220

    LIST RENT
  • $1.64

    LIST RENT PER SQFT
  • $4,256

    COMP ESTIMATED VALUE
  • $1.66

    COMP AVG. RENT PER SQFT
Comps Range
$3,995
1$3,9952$4,1953$4,2204$4,3005$4,500
$4,500
RENT COMPS ANALYSIS
  • 3224 Spicewood Ln San Ramon, CA 3
    • 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,220
    • $1.64
    •  
  • 1345 Bayberry View Ln San Ramon, CA 1
    • 4 beds 4 baths ∙ 2,501 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,501 Sqft ∙ Built 2015
    property image
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.60
    •  
  • 4864 Cornflower St San Ramon, CA 2
    • 5 beds 4 baths ∙ 2,545 Sqft ∙ Built 2015 5 beds 4 baths ∙ 2,545 Sqft ∙ Built 2015
    property image
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,195
    • $1.65
    •  
  • 4502 Butterfly Creek Rd San Ramon, CA 4
    • 4 beds 4 baths ∙ 2,366 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,366 Sqft ∙ Built 2014
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.82
    •  
  • 3550 Cinnamon Ridge Road San Ramon, CA 5
    • 4 beds 5 baths ∙ 2,890 Sqft ∙ Built 2016 4 beds 5 baths ∙ 2,890 Sqft ∙ Built 2016
    property image
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.56
    •  
PROPERTY LISTING DETAILS
Brooks Landry
Exp Realty Of California Inc.
BESbswy