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480 Coronation Dr Brentwood, CA 94513

2 Beds 2 Baths 1,268 sqft Built 2003

$465,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $366.72
  • 3 Days on Market
  • MLS # : EB40931120
  • Updated Date : 12/04/2020 at 16:33
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,268 sqft
  • Baths : 2 full
Listing Agent

Select 1 Realty

Listing Agent's Description

This home is in excellent condition. The pest inspection has been done and all section 1 cleared. Very minor repairs.

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PRICE & RENT TRENDS

Neighborhood: Summerset Orchards

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1015k

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

Neighborhood: Summerset Orchards

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13123193

* 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
Krey Elementary School Primary Regular 893 34 7
Adams Middle School Middle Regular 1,106 40 8
Heritage High School High Regular 2,503 100 9

Krey Elementary School

  • Education Level: Primary
  • # of students: 893
  • # of teachers: 34
7
GreatSchools Rating

Adams Middle School

  • Education Level: Middle
  • # of students: 1,106
  • # of teachers: 40
8
GreatSchools Rating

Heritage High School

  • Education Level: High
  • # of students: 2,503
  • # of teachers: 100
9
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,716
Property Tax -$462
Property Insurance -$58
HOA -$155
Property Management Fees -$149
CASH FLOW
-$290

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.

$465,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.2%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$21,694

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $1.77

    LIST RENT PER SQFT
  • $1,927

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$2,037
1$2,0372$2,0953$2,2504$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 480 Coronation Dr Brentwood, CA 3
    • 2 beds 2 baths ∙ 1,268 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,268 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.77
    •  
  • 313 Upton Pyne Dr Brentwood, CA 1
    • 2 beds 2 baths ∙ 1,364 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,364 Sqft ∙ Built 1999
    LEASED 07/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,037
    • $1.49
    •  
  • 374 St Claire Terrace Brentwood, CA 2
    • 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1990 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1990
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.67
    •  
  • 1110 Jonagold Way Brentwood, CA 4
    • 2 beds 2 baths ∙ 1,582 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,582 Sqft ∙ Built 2003
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.45
    •  
  • 1862 Tangier Ter Brentwood, CA 5
    • 2 beds 2 baths ∙ 1,566 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,566 Sqft ∙ Built 2000
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.47
    •  
PROPERTY LISTING DETAILS
Deborah Bailey
Select 1 Realty
BESbswy