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4857 Primrose Ln Livermore, CA 94551

2 Beds 2 Baths 1,612 sqft Built 1963

$685,000

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $424.94
  • 2 Days on Market
  • MLS # : BE40930032
  • Updated Date : 11/21/2020 at 10:03
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,612 sqft
  • Baths : 2 full
Listing Agent

Legacy Real Estate & Assoc

Listing Agent's Description

Outstanding remodel on the Kitchen and both bathrooms! This oversized kitchen boasts plenty of cabinet space, quartz counters with glass tiles for the backsplash. Recessed lighting, Bosch appliances including the 5 burner gas cooktop. Both bathrooms have been completely remodeled and feature tile shower enclosures and skylights. New wood laminate flooring, owned solar system, large rear patio, whole house fan, central heat and air. There is an indoor laundry room and another room currently being used as a home office. This home backs to open space and is walking distance to many restaurants. Great freeway access and close to shopping. The low HOA dues of $375- ANNUALLY provide access to two swimming pools that are located about 100 yards out the back door.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Springtown

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1016k

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

Neighborhood: Springtown

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14053195

* 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
Altamont Creek Elementary School Primary Regular 519 23 7
Andrew Christensen Middle School Middle Regular 661 30 7
Livermore High School High Regular 1,771 82 8

Altamont Creek Elementary School

  • Education Level: Primary
  • # of students: 519
  • # of teachers: 23
7
GreatSchools Rating

Andrew Christensen Middle School

  • Education Level: Middle
  • # of students: 661
  • # of teachers: 30
7
GreatSchools Rating

Livermore High School

  • Education Level: High
  • # of students: 1,771
  • # of teachers: 82
8
GreatSchools Rating
 

$616,500$753,500$685,000

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$2,527
Property Tax -$769
Property Insurance -$66
HOA -$375
Property Management Fees -$149
CASH FLOW
-$887

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.

$685,000

PROJECTED PRICE

$3,000

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.1%
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

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$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$187,275

INVESTMENT

$187,275

Down Payment
$171,250
Rehab Estimate
$5,750
Closing Costs
$10,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,527

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $171,250
Loan Amount $513,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,102

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,087

    COMP ESTIMATED VALUE
  • $1.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5503$3,000
$3,000
RENT COMPS ANALYSIS
  • 4857 Primrose Ln Livermore, CA 1
    • 2 beds 2 baths ∙ 1,612 Sqft ∙ Built 1963 2 beds 2 baths ∙ 1,612 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1734 Hollyhock St Livermore, CA 2
    • 2 beds 1 baths ∙ 1,712 Sqft ∙ Built 1963 2 beds 1 baths ∙ 1,712 Sqft ∙ Built 1963
    LEASED 06/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.49
    •  
  • 1666 Hollyhock St Livermore, CA 3
    • 2 beds 2 baths ∙ 1,280 Sqft ∙ Built 1963 2 beds 2 baths ∙ 1,280 Sqft ∙ Built 1963
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.34
    •  
PROPERTY LISTING DETAILS
Mike Perry
Legacy Real Estate & Assoc
BESbswy