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3278 Sweet Dr Lafayette, CA 94549

4 Beds 3 Baths 1,774 sqft Built 1950

$1,495,000

List Price

$4,700

$4.5K - $5K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $842.73
  • 4 Days on Market
  • MLS # : CC40934212
  • Updated Date : 01/14/2021 at 13:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,774 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Filled with natural light and packed with updates, this four bedroom home is perfectly positioned between central Lafayette and highly desirable Burton Valley. The four bedroom home features a bright living and dining area, beautiful updated kitchen, upstairs primary suite and spacious family room as well as a finished bonus area for play! Every square inch of the terraced backyard has been designed with entertaining in mind for all ages, including a fire pit, built-in barbecue, putting green, sport court and play house. The Burton Valley lifestyle is loved by all ages and the area is known for its close proximity to popular recreation destinations like Buckeye Fields, Las Trampas Swim Club, the Lafayette-Moraga trail as well as top-rated Burton Valley Elementary and Stanley Middle School.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94549

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $273k1441k

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

Zip Code: 94549

ZipNIR Market*CityMarket2010Year20012019 Q22000250030003500400045005000Rent in $16715037

* 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
Burton Valley Elementary School Primary Regular 771 32 10
M. H. Stanley Middle School Middle Regular 1,178 52 10
Campolindo High School High Regular 1,253 60 10

Burton Valley Elementary School

  • Education Level: Primary
  • # of students: 771
  • # of teachers: 32
10
GreatSchools Rating

M. H. Stanley Middle School

  • Education Level: Middle
  • # of students: 1,178
  • # of teachers: 52
10
GreatSchools Rating

Campolindo High School

  • Education Level: High
  • # of students: 1,253
  • # of teachers: 60
10
GreatSchools Rating
 

$1,345,500$1,644,500$1,495,000

PURCHASE PRICE

$4,230$5,170$4,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,700
EXPENSES Loan Payment -$5,193
Property Tax -$1,569
Property Insurance -$70
Property Management Fees -$230
CASH FLOW
-$2,362

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.

$1,495,000

PROJECTED PRICE

$4,700

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.8%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$401,925

INVESTMENT

$401,925

Down Payment
$373,750
Rehab Estimate
$5,750
Closing Costs
$22,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,193

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $373,750
Loan Amount $1,121,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$149

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,700

    LIST RENT
  • $2.65

    LIST RENT PER SQFT
  • $4,643

    COMP ESTIMATED VALUE
  • $2.62

    COMP AVG. RENT PER SQFT
Comps Range
$4,100
1$4,1002$4,2003$4,3504$4,4505$4,700
$4,700
RENT COMPS ANALYSIS
  • 3278 Sweet Dr Lafayette, CA 5
    • 4 beds 3 baths ∙ 1,774 Sqft ∙ Built 1950 4 beds 3 baths ∙ 1,774 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $2.65
    •  
  • 1 Cerro Encantado Lafayette, CA 1
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1958
    LEASED 07/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.66
    •  
  • 945 Oak View Cir Lafayette, CA 2
    • 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1955
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.60
    •  
  • 968 Carol Ln Lafayette, CA 3
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1951
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $2.69
    •  
  • 3359 Sweet Dr Lafayette, CA 4
    • 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1955
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,450
    • $2.52
    •  
PROPERTY LISTING DETAILS
Dana Green
Compass
BESbswy