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378 Inman Ct Danville, CA 94526

4 Beds 4 Baths 2,255 sqft Built 1999

INVESTimate

$1,199,000

List Price

$4,580

$4,330 - $4,830

Rent Est.

$1,275,616  ( +6.39%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $531.71
  • 3 Days on Market
  • MLS # : ML81807285
  • Updated Date : 08/24/2020 at 13:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,255 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jason Mitchell Real Estate Ca

Listing Agent's Description

A perfect blend of modern luxury & small town feel charmer located in Contra Costa County. This beautiful home come with amazing finishes, open floor plan that flows to a beautiful private patio/backyard with pavers, mature trees and shrubs lining the perimeter the ideal setting for entertaining; gleaming bamboo floors on the bottom floor; 4 bedrooms; 3.5 baths; Stroll along beautiful tree-lined streets to the quintessential Danville downtown restaurants & shops. Ideal Commute Location to Oakland, San Francisco, Walnut Creek and Concord. Great schools through all grade levels. Welcome home to your future move-in ready home! Newer Garage Door, Bamboo Flooring, Water Heater 5yrs, HVAC Ducts replaced 4yrs ago.

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PRICE & RENT TRENDS

Neighborhood: La Gonda Way

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1326k

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

Neighborhood: La Gonda Way

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800400042004400Rent in $16714494

* 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
Montair Elementary School Primary Regular 555 25 10
Stone Valley Middle School Middle Regular 583 25 10
San Ramon Valley High School High Regular 2,182 90 10

Montair Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 25
10
GreatSchools Rating

Stone Valley Middle School

  • Education Level: Middle
  • # of students: 583
  • # of teachers: 25
10
GreatSchools Rating

San Ramon Valley High School

  • Education Level: High
  • # of students: 2,182
  • # of teachers: 90
10
GreatSchools Rating
 

$1,079,100$1,318,900$1,199,000

PURCHASE PRICE

$4,122$5,038$4,580

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,580
EXPENSES Loan Payment -$4,424
Property Tax -$1,225
Property Insurance -$82
HOA -$270
Property Management Fees -$224
CASH FLOW
-$1,645

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.

$1,199,000

PROJECTED PRICE

$4,580

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.39%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,485

INVESTMENT

$323,485

Down Payment
$299,750
Rehab Estimate
$5,750
Closing Costs
$17,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,424

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,750
Loan Amount $899,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,997

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,580

    LIST RENT
  • $2.03

    LIST RENT PER SQFT
  • $4,984

    COMP ESTIMATED VALUE
  • $2.21

    COMP AVG. RENT PER SQFT
Comps Range
$4,400
1$4,4002$4,5803$4,6004$4,900
$4,900
RENT COMPS ANALYSIS
  • 378 Inman Ct Danville, 2
    • 4 beds 4 baths ∙ 2,255 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,255 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,580
    • $2.03
    •  
  • 229 Matteson Ct Danville, 1
    • 4 beds 4 baths ∙ 2,305 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,305 Sqft ∙ Built 1999
    property image
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.91
    •  
  • 1142 River Rock Lane Danville, 3
    • 4 beds 3 baths ∙ 1,975 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,975 Sqft ∙ Built 1996
    property image
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $2.33
    •  
  • 1036 River Rock Ln Danville, 4
    • 4 beds 4 baths ∙ 2,052 Sqft ∙ Built 1996 4 beds 4 baths ∙ 2,052 Sqft ∙ Built 1996
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $2.39
    •  
PROPERTY LISTING DETAILS
Anthony Martinez
Jason Mitchell Real Estate Ca
BESbswy