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5016 Almanor Dr Discovery Bay, CA 94505

5 Beds 4 Baths 3,293 sqft Built 2004

$700,000

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $212.57
  • 4 Days on Market
  • MLS # : EB40932807
  • Updated Date : 12/31/2020 at 11:35
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,293 sqft
  • Baths : 4 full
Listing Agent

Corcoran Global Living

Listing Agent's Description

Welcome to one of the best gated communities in Discovery Bay, The Lakes. This home features a great family friendly floor plan with a spacious living room/dining room upon entry and an open concept family room/kitchen at the rear. Hard wood floors throughout the house. The kitchen has beautiful refinished white cabinets, quartz countertops and stainless appliances. One full bed and bathroom downstairs with 4 beds and 3 full baths upstairs including an oversized master suite. The center piece between the bedrooms features a nice sized bonus area that could be a game room or a nice place for the family to hang out and enjoy TV. The backyard is a pool sized yard which has an above ground hot tub that is just 6 months old and a Vivant PPA (power purchase agreement) solar system that will be transferred, no qualification required. You are sure to fall in love with this property.

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PRICE & RENT TRENDS

Neighborhood: The Lakes

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1015k

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

Neighborhood: The Lakes

ZipNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14643193

* 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
Timber Point Elementary School Primary Regular 531 21 6
Excelsior Middle School Middle Regular 571 24 6
Liberty High School High Magnet 2,520 106 7

Timber Point Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 21
6
GreatSchools Rating

Excelsior Middle School

  • Education Level: Middle
  • # of students: 571
  • # of teachers: 24
6
GreatSchools Rating

Liberty High School

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

$630,000$770,000$700,000

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$2,583
Property Tax -$818
Property Insurance -$107
HOA -$175
Property Management Fees -$155
CASH FLOW
-$668

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.

$700,000

PROJECTED PRICE

$3,170

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.8%
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$15k$20k

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$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$11,250

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,170

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $3,104

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$3,0003$3,1004$3,1705$3,550
$3,550
RENT COMPS ANALYSIS
  • 5016 Almanor Dr Discovery Bay, CA 4
    • 5 beds 4 baths ∙ 3,293 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,293 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,170
    • $0.96
    •  
  • 525 Livingston Ct Discovery Bay, CA 1
    • 4 beds 3 baths ∙ 3,127 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,127 Sqft ∙ Built 2005
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.88
    •  
  • 549 Livingston Ct Discovery Bay, CA 2
    • 4 beds 3 baths ∙ 3,127 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,127 Sqft ∙ Built 2005
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.96
    •  
  • 5422 Gold Creek Cir Discovery Bay, CA 3
    • 5 beds 3 baths ∙ 3,250 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,250 Sqft ∙ Built 2004
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.95
    •  
  • 5533 Arcadia Cir Discovery Bay, CA 5
    • 4 beds 3 baths ∙ 3,629 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,629 Sqft ∙ Built 2004
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $0.98
    •  
PROPERTY LISTING DETAILS
Daniel Schmid
Corcoran Global Living
BESbswy