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3731 Fairlands Dr Pleasanton, CA 94588

5 Beds 3 Baths 2,516 sqft Built 1985

INVESTimate

$1,360,000

List Price

$3,940

$3,690 - $4,190

Rent Est.

$1,490,968  ( +9.63%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $540.54
  • 6 Days on Market
  • MLS # : BE40917286
  • Updated Date : 08/24/2020 at 17:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,516 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

This is the ONE you have been waiting for! Situated in the VERY DESIRABLE Pleasanton Meadows neighborhood, 3731 Fairlands Drive is a beautiful two-story 5 bedroom, 3 bath home that sits atop a flat large 7800 sq ft lot. Enjoy the GREAT FLOORPLAN with 3 bedrooms + MAIN BEDROOM SUITE on the STREET LEVEL, bright living room with SOARING ceilings and plantation shutters, dining room, updated open kitchen and a supersized family room. The SECOND BEDROOM SUITE UPSTAIRS is perfectly poised to serve as a SECOND MAIN BEDROOM or a quiet HOME OFFICE. Back at the street level, relax with a beverage at the end of the day in your PRIVATE BACKYARD under the twinkling lights of the gazebo and look over the large yard with fruit trees. But that is not all! There are hardwood floors through out the house, freshly painted interiors, beautiful new tiled shower in the main bath and gorgeous new light fixtures. Close to highways, shopping, BART, and the top-rated Pleasanton Schools. COME LIVE YOUR DREAM!

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PRICE & RENT TRENDS

Neighborhood: Pleasanton Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $273k1180k

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

Neighborhood: Pleasanton Meadows

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16713863

* 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
Fairlands Elementary School Primary Regular 776 28 8
Thomas S. Hart Middle School Middle Regular 1,164 46 9
Amador Valley High School High Regular 2,612 100 9

Fairlands Elementary School

  • Education Level: Primary
  • # of students: 776
  • # of teachers: 28
8
GreatSchools Rating

Thomas S. Hart Middle School

  • Education Level: Middle
  • # of students: 1,164
  • # of teachers: 46
9
GreatSchools Rating

Amador Valley High School

  • Education Level: High
  • # of students: 2,612
  • # of teachers: 100
9
GreatSchools Rating
 

$1,224,000$1,496,000$1,360,000

PURCHASE PRICE

$3,546$4,334$3,940

RENT

DOWN PAYMENT
FINANCING

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-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,940
EXPENSES Loan Payment -$5,018
Property Tax -$1,319
Property Insurance -$88
HOA -$395
Property Management Fees -$193
CASH FLOW
-$3,072

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.

$1,360,000

PROJECTED PRICE

$3,940

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.63%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$366,150

INVESTMENT

$366,150

Down Payment
$340,000
Rehab Estimate
$5,750
Closing Costs
$20,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$5,018

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $340,000
Loan Amount $1,020,000
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$64

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
  • $3,912

    COMP ESTIMATED VALUE
  • $1.56

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5503$3,8504$4,0505$4,200
$4,200
RENT COMPS ANALYSIS
  • 3731 Fairlands Dr Pleasanton, 1
    • 5 beds 3 baths ∙ 2,516 Sqft ∙ Built 1985 5 beds 3 baths ∙ 2,516 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3181 Camdon Ct Pleasanton, 2
    • 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 1971
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.44
    •  
  • 4026 Cragford Pl Dublin, 3
    • 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2002
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.65
    •  
  • 4350 Creekview Dr Dublin, 4
    • 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2002
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,050
    • $1.59
    •  
  • 2093 Greenwood Rd Pleasanton, 5
    • 6 beds 3 baths ∙ 2,724 Sqft ∙ Built 1970 6 beds 3 baths ∙ 2,724 Sqft ∙ Built 1970
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.54
    •  
PROPERTY LISTING DETAILS
Archana Iyer
Compass
BESbswy