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419 Shakespeare Ct Discovery Bay, CA 94505

5 Beds 3 Baths 2,800 sqft Built 2006

$849,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $303.21
  • 2 Days on Market
  • MLS # : EB40927793
  • Updated Date : 11/02/2020 at 09:50
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,800 sqft
  • Baths : 3 full
Listing Agent

Marples & Associates

Listing Agent's Description

Grand living space and impressive entertaining features. The highly desired stately home is one of Discovery Bays most desirable communities, with wide streets, great neighborhood on a +1/3 ac. As you enter into the property the dramatic foyer opens to a stunning floor plan. Beyond the front entry and all the stylish upgrades, your eyes will draw you to an elaborate pool with a waterfall, covered patio which is sensational for entertaining family and friends. The expansive kitchen with center island, plethora of counter space, eat in area, provides convenient access to the formal dining room. Additional highlights: desirable family room, with a radiant fireplace.This appealing floor plan with all bedroom spaciously laid out for privacy. The phenomenal master bedroom suite is an alluring and spacious retreat, with the spa-like master bath that includes a tub and shower this is a true oasis home. Large lot with RV parking and located on a court. This is a must see.

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PRICE & RENT TRENDS

Neighborhood: The Lakes

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1015k

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

Neighborhood: The Lakes

ZipNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14643193

* 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
 

$764,100$933,900$849,000

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$3,132
Property Tax -$1,002
Property Insurance -$95
Property Management Fees -$149
CASH FLOW
-$1,488

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.

$849,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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-$25k-$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$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,132

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$89

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,849

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8503$2,8504$2,8505$2,890
$2,890
RENT COMPS ANALYSIS
  • 419 Shakespeare Ct Discovery Bay, CA 5
    • 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $1.03
    •  
  • 2419 Aberdeen Ln Discovery Bay, CA 1
    • 5 beds 3 baths ∙ 2,672 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,672 Sqft ∙ Built 2002
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.01
    •  
  • 2370 Cambridge Dr Discovery Bay, CA 2
    • 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 2002
    LEASED 01/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.07
    •  
  • 5666 Arcadia Cir Discovery Bay, CA 3
    • 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
    •  
  • 3348 Lookout Point Loop Discovery Bay, CA 4
    • 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 2003
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.03
    •  
PROPERTY LISTING DETAILS
Michelle Stornetta
Marples & Associates
BESbswy