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3737 Sailboat Dr Discovery Bay, CA 94505

4 Beds 3 Baths 2,042 sqft Built 1999

$509,950

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $249.73
  • 3 Days on Market
  • MLS # : ML81816127
  • Updated Date : 11/21/2020 at 14:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,042 sqft
  • Baths : 2 full , 1 half
Listing Agent

Intero Real Estate Services

Listing Agent's Description

This is a great two-story family home in a small, quiet, family-oriented community with desired schools. Take a stroll to the neighborhood park with a play structure or a short walk to the local shopping center. This home has tons of potential and is just waiting for a family to make it their own!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94505

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Zip Code: 94505

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
Discovery Bay Elementary School Primary Regular 493 19 7
Excelsior Middle School Middle Regular 571 24 6
Liberty High School High Magnet 2,520 106 7

Discovery Bay Elementary School

  • Education Level: Primary
  • # of students: 493
  • # of teachers: 19
7
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
 

$458,955$560,945$509,950

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$1,881
Property Tax -$611
Property Insurance -$76
Property Management Fees -$149
CASH FLOW
-$58

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.

$509,950

PROJECTED PRICE

$2,660

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.0%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,887

INVESTMENT

$140,887

Down Payment
$127,488
Rehab Estimate
$5,750
Closing Costs
$7,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,881

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,488
Loan Amount $382,463
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$48,492

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
  • $2,777

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$2,8004$2,8505$3,295
$3,295
RENT COMPS ANALYSIS
  • 3737 Sailboat Dr Discovery Bay, CA 1
    • 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4084 Beacon Pl Discovery Bay, CA 2
    • 3 beds 2 baths ∙ 2,099 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,099 Sqft ∙ Built 1998
    LEASED 06/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.29
    •  
  • 2309 Firwood Ct Discovery Bay, CA 3
    • 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 1988
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.27
    •  
  • 4761 Spinnaker Way Discovery Bay, CA 4
    • 3 beds 2 baths ∙ 2,168 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,168 Sqft ∙ Built 1986
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.31
    •  
  • 2079 Newport Drive Discovery Bay, CA 5
    • 3 beds 2 baths ∙ 2,099 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,099 Sqft ∙ Built 1999
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.57
    •  
PROPERTY LISTING DETAILS
Karen Nelsen
Intero Real Estate Services
BESbswy