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3515 Keystone Loop Discovery Bay, CA 94505

4 Beds 4 Baths 3,518 sqft Built 2003

$739,000

List Price

$3,240

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
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.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lakeshore

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Lakeshore

ZipNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800Rent in $14643863

* 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
Timber Point Elementary School Primary Regular 531 21 6
Excelsior Middle School Middle Regular 571 24 6
Liberty High School High Magnet 2,520 106 7

Timber Point Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 21
6
GreatSchools Rating

Excelsior Middle School

  • Education Level: Middle
  • # of students: 571
  • # of teachers: 24
6
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,520
  • # of teachers: 106
7
GreatSchools Rating
 

$665,100$812,900$739,000

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$201,585

INVESTMENT

$201,585

Down Payment
$184,750
Rehab Estimate
$5,750
Closing Costs
$11,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,727

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $184,750
Loan Amount $554,250
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,219

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$3,0004$3,1005$3,600
$3,600
RENT COMPS ANALYSIS
  • 3515 Keystone Loop Discovery Bay, CA 1
    • 4 beds 4 baths ∙ 3,518 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,518 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4324 Cummings Ln Discovery Bay, CA 2
    • 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 2006
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.89
    •  
  • 6319 Crystal Springs Cir Discovery Bay, CA 3
    • 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2005
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.92
    •  
  • 324 Mendocino Way Discovery Bay, CA 4
    • 4 beds 3 baths ∙ 3,536 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,536 Sqft ∙ Built 2003
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.88
    •  
  • 6473 Green Castle Cir Discovery Bay, CA 5
    • 4 beds 4 baths ∙ 3,714 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,714 Sqft ∙ Built 2005
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.97
    •  
PROPERTY LISTING DETAILS
Elizabeth Lee
Exp Realty Of California Inc.
BESbswy