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440 Lone Oak Ct Brentwood, CA 94513

3 Beds 2 Baths 1,489 sqft Built 1968

INVESTimate

$989,000

List Price

$2,360

$2,124 - $2,596

Rent Est.

$1,072,571  ( +8.45%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1968
  • Price/Sqft : $664.20
  • 3 Days on Market
  • MLS # : EB40917970
  • Updated Date : 08/24/2020 at 11:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,489 sqft
  • Baths : 2 full
Listing Agent

Sharp Realty

Listing Agent's Description

Welcome home to this amazing one acre property located in a desirable neighborhood of small acreage estates within the city limits of Brentwood! Tastefully updated farmhouse with 3 bedrooms and 2 full baths. Beautifully remodeled kitchen with stainless appliances, white quartz counters, and white soft-close cabinets and drawers. Updated baths, an open concept floor plan, and plenty of room for expansion make this home an amazing opportunity. The fenced one acre lot includes a beautiful in-ground salt water pool, covered patio/seating area, basketball court, batting cage, garden beds, grape vines, huge lawn area, and a large separate fenced area with lots of parking and storage space as well as an over 2,000 square foot workshop with multiple doors. The property is serviced by city water and sewer in addition to a private well for irrigation. All of this within easy access to shopping, schools, commute routes, walking trails and more!

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PRICE & RENT TRENDS

Zip Code: 94513

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1015k

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

Zip Code: 94513

ZipNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13953193

* 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
Marsh Creek Elementary School Primary Regular 693 27 6
Bristow Middle School Middle Regular 1,122 43 7
Liberty High School High Magnet 2,520 106 7

Marsh Creek Elementary School

  • Education Level: Primary
  • # of students: 693
  • # of teachers: 27
6
GreatSchools Rating

Bristow Middle School

  • Education Level: Middle
  • # of students: 1,122
  • # of teachers: 43
7
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,520
  • # of teachers: 106
7
GreatSchools Rating
 

$890,100$1,087,900$989,000

PURCHASE PRICE

$2,124$2,596$2,360

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

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$3,649
Property Tax -$1,019
Property Insurance -$63
Property Management Fees -$149
CASH FLOW
-$2,520

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.

$989,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.24%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.45%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$267,835

INVESTMENT

$267,835

Down Payment
$247,250
Rehab Estimate
$5,750
Closing Costs
$14,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,649

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $247,250
Loan Amount $741,750
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$105

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.58

    LIST RENT PER SQFT
  • $2,343

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2503$2,3504$2,360
$2,360
RENT COMPS ANALYSIS
  • 440 Lone Oak Ct Brentwood, 4
    • 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 1968
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.58
    •  
  • 3105 Anderson Ln A Oakley, 1
    • 3 beds 1 baths ∙ 1,296 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,296 Sqft ∙ Built 1950
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.62
    •  
  • 806 Oak St Brentwood, 2
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1976
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.57
    •  
  • 955 Sw Bighorn Ter Brentwood, 3
    • 3 beds 3 baths ∙ 1,531 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,531 Sqft ∙ Built 1988
    property image
    LEASED 06/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.53
    •  
PROPERTY LISTING DETAILS
Steve Gursky
Sharp Realty
BESbswy