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501 Indian Home Rd Danville, CA 94526

3 Beds 2 Baths 1,774 sqft Built 1975

INVESTimate

$1,198,000

List Price

$3,960

$3,710 - $4,210

Rent Est.

$1,285,574  ( +7.31%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $675.31
  • 2 Days on Market
  • MLS # : CC40917822
  • Updated Date : 08/25/2020 at 11:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,774 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Stunning SINGLE STORY in Sycamore! Situated on a corner lot with picture perfect curb appeal this home offers the buyers an open floor plan with incredible attention to detail! 3 bedrooms, 2 baths, 1,774 Sq Ft. Owners completed this renovation in 2016-2017 creating a modern, yet cozy residence. With vaulted ceiling, hardwood floors, re-designed fireplaces, open kitchen with island, stainless appliances and quartz countertops. Smart Home features were incorporated as well as high efficiency furnace and air conditioner, Milgard windows and new interior doors. The Pavers add to the landscape architecture, found at the rear yard patio, the front walkways and the driveway. Additional features include: new retaining wall, new landscape lighting, new roof/gutters, attic fans, insulated garage door, epoxy finished garage floor, 220 V for your electric car, new insulation, new drywall, and lighting throughout. HOA includes community pool, clubhouse, tennis courts and more!

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PRICE & RENT TRENDS

Neighborhood: North Sycamore

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1326k

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

Neighborhood: North Sycamore

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800400042004400Rent in $16714494

* 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
John Baldwin Elementary School Primary Regular 555 22 9
Charlotte Wood Middle School Middle Regular 1,110 46 9
San Ramon Valley High School High Regular 2,182 90 10

John Baldwin Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 22
9
GreatSchools Rating

Charlotte Wood Middle School

  • Education Level: Middle
  • # of students: 1,110
  • # of teachers: 46
9
GreatSchools Rating

San Ramon Valley High School

  • Education Level: High
  • # of students: 2,182
  • # of teachers: 90
10
GreatSchools Rating
 

$1,078,200$1,317,800$1,198,000

PURCHASE PRICE

$3,564$4,356$3,960

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$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$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$3.0M$3.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,960
EXPENSES Loan Payment -$4,420
Property Tax -$1,224
Property Insurance -$70
HOA -$315
Property Management Fees -$194
CASH FLOW
-$2,263

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.

$1,198,000

PROJECTED PRICE

$3,960

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.31%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,220

INVESTMENT

$323,220

Down Payment
$299,500
Rehab Estimate
$5,750
Closing Costs
$17,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,500
Loan Amount $898,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$69

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,960

    LIST RENT
  • $2.23

    LIST RENT PER SQFT
  • $3,987

    COMP ESTIMATED VALUE
  • $2.25

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,8503$3,9604$4,0005$4,750
$4,750
RENT COMPS ANALYSIS
  • 501 Indian Home Rd Danville, 3
    • 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $3,960
    • $2.23
    •  
  • 300 Century Cir Danville, 1
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1976
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.24
    •  
  • 15 Portland Court Danville, 2
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1972
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $2.08
    •  
  • 680 Rock Island Cir Danville, 4
    • 4 beds 2 baths ∙ 1,727 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,727 Sqft ∙ Built 1976
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.32
    •  
  • 120 Paraiso Dr Danville, 5
    • 4 beds 3 baths ∙ 2,021 Sqft ∙ Built 1962 4 beds 3 baths ∙ 2,021 Sqft ∙ Built 1962
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $2.35
    •  
PROPERTY LISTING DETAILS
Julie Whitmer
Compass
BESbswy