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3399 Angelo St Lafayette, CA 94549

4 Beds 3 Baths 2,055 sqft Built 1947

$1,495,000

List Price

$5,050

$4.8K - $5.3K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $727.49
  • 2 Days on Market
  • MLS # : CC40931187
  • Updated Date : 12/05/2020 at 15:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,055 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Built in 1947, 3399 Angelo is a midcentury modern home that incorporates easy California living & functionality. With clean simple lines, raw use of materials and endless potential, this home is one of very few midcentury modern homes in Lafayette. The main house is 2055 square feet with four bedrooms & three bathrooms. Do not miss detached pool house, additional auxiliary building and storage/mud room behind the carport. With walls of glass that look out onto .54 flat acres, 3399 Angelo blends into the environment rather than dominating it. Incredibly spacious & private backyard that brings Palm Springs to Lafayette with large pool, mature palm & fruit trees, grassy play areas, batting cage and pool house that is ready to be reinvented into a guest house, home office, home gym or media room. Nestled at the end of a cul-de-sac & conveniently located near downtown Lafayette's quaint shops & restaurants. Easy access to HWY 24 & 680. LAF Schools https://3399angelostreet.relahq.com/?mls

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PRICE & RENT TRENDS

Neighborhood: Reliez Valley Area

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700kPrice in $273k1711k

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

Neighborhood: Reliez Valley Area

NeighborhoodNIR Market*CityMarket2010Year20012019 Q220002500300035004000450050005500Rent in $16715559

* 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
Springhill Elementary School Primary Regular 487 22 9
M. H. Stanley Middle School Middle Regular 1,178 52 10
Acalanes High School High Regular 1,396 69 10

Springhill Elementary School

  • Education Level: Primary
  • # of students: 487
  • # of teachers: 22
9
GreatSchools Rating

M. H. Stanley Middle School

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

Acalanes High School

  • Education Level: High
  • # of students: 1,396
  • # of teachers: 69
10
GreatSchools Rating
 

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

PURCHASE PRICE

$4,545$5,555$5,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,050
EXPENSES Loan Payment -$5,516
Property Tax -$1,569
Property Insurance -$77
Property Management Fees -$247
CASH FLOW
-$2,359

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

$5,050

PROJECTED RENT

0.34%

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$3.0M$3.5M$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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$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 70% down payment or higher enables the proceeds from the asset to cover all costs.

$5,516

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $373,750
Loan Amount $1,121,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$433

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
  • $5,148

    COMP ESTIMATED VALUE
  • $2.51

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,9003$5,500
$5,500
RENT COMPS ANALYSIS
  • 3399 Angelo St Lafayette, CA 1
    • 4 beds 3 baths ∙ 2,055 Sqft ∙ Built 1947 4 beds 3 baths ∙ 2,055 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2016 Montclair Cir Walnut Creek, CA 2
    • 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 1962 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 1962
    LEASED 11/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $2.45
    •  
  • 2860 Buena Vista Ave Walnut Creek, CA 3
    • 5 beds 3 baths ∙ 2,152 Sqft ∙ Built 1956 5 beds 3 baths ∙ 2,152 Sqft ∙ Built 1956
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.56
    •  
PROPERTY LISTING DETAILS
Erin Martin
Compass
BESbswy