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3730 Otter Brook Loop Discovery Bay, CA 94505

4 Beds 3 Baths 3,066 sqft Built 2003

$725,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $236.46
  • 3 Days on Market
  • MLS # : EB40927749
  • Updated Date : 11/02/2020 at 10:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,066 sqft
  • Baths : 3 full
Listing Agent

Corcoran Global Living

Listing Agent's Description

Stunning formal model home with upgrades! This home located in the gated community of Lakeshore will not disappoint! Gorgeous formal living with open wrought iron stair case! Separate formal dining room! Oversized kitchen/ family room combo! Kitchen includes granite counters, large island with bar seating and pendant lights, sunny breakfast nook, an abundance of cabinets including desk niche, butlers pantry with counter, cabinets & an expansive walk-in pantry with tons of storage. Master bedroom suite is located on main level with slider access to back yard, a bathroom fit for royalty, & a huge master closet! Separate guest wing located at entry with it's own full bathroom. Upstairs boasts a mini suite & an additional bedroom & amazing gameroom/loft with built in counter area. Backyard is fully landscaped with cement patio & walkways and grilling island with refrigerator. Three car garage. Community includes beautiful walking trails & lake, community pool, BBQ areas & sport courts.

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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
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,675
Property Tax -$833
Property Insurance -$101
HOA -$205
Property Management Fees -$149
CASH FLOW
-$1,203

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.

$725,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.38%

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-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$99

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,805

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,760
1$2,7602$2,8253$2,8504$2,8505$2,850
$2,850
RENT COMPS ANALYSIS
  • 3730 Otter Brook Loop Discovery Bay, CA 1
    • 4 beds 3 baths ∙ 3,066 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,066 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $0.90
    •  
  • 111 Tennyson Ct Discovery Bay, CA 2
    • 4 beds 3 baths ∙ 3,263 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,263 Sqft ∙ Built 2006
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,825
    • $0.87
    •  
  • 3507 Keystone Loop Discovery Bay, CA 3
    • 4 beds 3 baths ∙ 3,030 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,030 Sqft ∙ Built 2003
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.94
    •  
  • 5666 Arcadia Cir Discovery Bay, CA 4
    • 4 beds 3 baths ∙ 2,959 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,959 Sqft ∙ Built 2004
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.96
    •  
  • 4324 Cummings Ln Discovery Bay, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Linda Haycox
Corcoran Global Living
BESbswy