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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $210.06
- 2 Days on Market
- MLS # : CC40930024
- Updated Date : 11/21/2020 at 03:15
CONSTRUCTION
- Beds : 4
- Floor Size : 3,518 sqft
- Baths : 4 full
Listing Agent
Exp Realty Of California Inc.
Listing Agent's Description
Spacious home with naturally bright open floorplan. Featuring a formal living and dining area, family/kitchen combo and a huge bonus room/office with double doors, a full bath and laundry room all on the first floor. Kitchen boasts granite counters, stainless steel appliances, 5 burner gas stovetop, an island and plenty of storage. The second floor includes a huge loft, 2 bedrooms with a jack and jill set up with a shared full bath, a single bedroom, a full bath and the owner's suite. The spacious owner's suite features a massive walk in closet and bathroom complete with stall shower, dual vanities and a jacuzzi tub. New carpets throughout and freshly painted interior. Three car garage and side yard access for an RV or personal watercrafts. The backyard is fully landscaped with stamped cement patio, island and sitting area.
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PRICE & RENT TRENDS
Neighborhood: Lakeshore
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakeshore
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,240 |
| EXPENSES | Loan Payment | -$2,727 |
| Property Tax | -$849 | |
| Property Insurance | -$112 | |
| HOA | -$205 | |
| Property Management Fees | -$159 | |
|
CASH FLOW
-$811
|
||
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.
$739,000
PROJECTED PRICE
$3,240
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 9.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.09% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$201,585
LOAN DETAILS
$2,727
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $184,750 |
| Loan Amount | $554,250 |
1.42
YEARS SAVED
$6,289
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,219
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
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- $3,100
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- $3,600
- $0.97
PROPERTY LISTING DETAILS
Exp Realty Of California Inc.
