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483 Apple Hill Dr Brentwood, CA 94513

3 Beds 2 Baths 1,515 sqft Built 1995

INVESTimate

$589,000

List Price

$2,390

$2,151 - $2,629

Rent Est.

$627,815  ( +6.59%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $388.78
  • 7 Days on Market
  • MLS # : BE40917586
  • Updated Date : 08/20/2020 at 15:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,515 sqft
  • Baths : 2 full
Listing Agent

Flat Rate Realty

Listing Agent's Description

SINGLE STORY LOCATED IN DESIRABLE APPLE HILL ESTATES SITUATED ON PRIME CORNER LOT - High vaulted ceilings throughout - Spacious Formal living and dining room - Family room with gas fireplace, Upper/Lower Niche for TV or Art, 2 skylights make the room light & bright, Opens to Kitchen w/tile counters, stove, microwave, dishwasher & casual dining area - Master bedroom w/mirror closet slider doors, French door that leads to backyard and En Suite bathroom w/soaking tub, separate shower w/clear glass enclosure & long vanity w/dual sinks - 2 additional bedrooms & bath with tub/shower combo - Indoor Laundry room - Back & side yards with mature landscaping for added privacy & patio area - Gated Community offers: Pool/Hot Tub & Clubhouse, Tennis Courts, Park & Walking paths - Easy Access to Highway 4, Shopping, Restaurants & Brentwood Golf Course - HURRY THIS WON'T LAST!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Apple Hill Estates

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Apple Hill Estates

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21400160018002000220024002600280030003200340036003800Rent in $13953863

* 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
Ron Nunn Elementary School Primary Regular 546 22 7
Adams Middle School Middle Regular 1,106 40 8
Heritage High School High Regular 2,503 100 9

Ron Nunn Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 22
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
 

$530,100$647,900$589,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

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

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$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$2,173
Property Tax -$585
Property Insurance -$64
HOA -$217
Property Management Fees -$149
CASH FLOW
-$798

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.

$589,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.59%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$161,835

INVESTMENT

$161,835

Down Payment
$147,250
Rehab Estimate
$5,750
Closing Costs
$8,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,173

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,250
Loan Amount $441,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,565

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $1.58

    LIST RENT PER SQFT
  • $2,409

    COMP ESTIMATED VALUE
  • $1.59

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,3503$2,3754$2,3905$2,850
$2,850
RENT COMPS ANALYSIS
  • 483 Apple Hill Dr Brentwood, 4
    • 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.58
    •  
  • 955 Sw Bighorn Ter Brentwood, 1
    • 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
    •  
  • 713 Crossridge Ct Brentwood, 2
    • 3 beds 3 baths ∙ 1,455 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,455 Sqft ∙ Built 1994
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.62
    •  
  • 712 Allbrook Ct Brentwood, 3
    • 3 beds 3 baths ∙ 1,455 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,455 Sqft ∙ Built 1994
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.63
    •  
  • 1385 Brookdale Court Brentwood, 5
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2000
    property image
    LEASED 03/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.58
    •  
PROPERTY LISTING DETAILS
Maureen Prince
Flat Rate Realty
BESbswy