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504 Lemay Way Antioch, CA 94509

3 Beds 3 Baths 2,007 sqft Built 1993

INVESTimate

$524,000

List Price

$2,550

$2,300 - $2,800

Rent Est.

$588,714  ( +12.35%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $261.09
  • 8 Days on Market
  • MLS # : EB40917351
  • Updated Date : 08/19/2020 at 13:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,007 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rick Fuller Inc.

Listing Agent's Description

Super clean and ready to move in! Fresh interior paint and flooring! Formal Dining and Living Room combination. Stainless appliances in kitchen. Vaulted ceilings create an open and airy feel in the family room. Cozy fireplace! Convenient upstairs laundry room. Spacious master bedroom. BONUS room upstairs; many different options to use; children's play room, secret office space?! Over sized backyard with beautiful covered patio. Fantastic location; close to restaurants, shopping and schools. Don't miss this one!

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PRICE & RENT TRENDS

Zip Code: 94509

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $190k1015k

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

Zip Code: 94509

ZipNIR Market*CityMarket2010Year20012019 Q21200140016001800200022002400260028003000Rent in $11393193

* 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
Belshaw Elementary School Primary Regular 540 21 2
Park Middle School Middle Regular 997 41 3
Antioch High School High Regular 1,774 76 3

Belshaw Elementary School

  • Education Level: Primary
  • # of students: 540
  • # of teachers: 21
2
GreatSchools Rating

Park Middle School

  • Education Level: Middle
  • # of students: 997
  • # of teachers: 41
3
GreatSchools Rating

Antioch High School

  • Education Level: High
  • # of students: 1,774
  • # of teachers: 76
3
GreatSchools Rating
 

$471,600$576,400$524,000

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$1,933
Property Tax -$510
Property Insurance -$76
Property Management Fees -$149
CASH FLOW
-$118

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.

$524,000

PROJECTED PRICE

$2,550

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.35%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,610

INVESTMENT

$144,610

Down Payment
$131,000
Rehab Estimate
$5,750
Closing Costs
$7,860

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,933

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,000
Loan Amount $393,000
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$46,008

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $2,775

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5503$2,6504$2,7005$2,750
$2,750
RENT COMPS ANALYSIS
  • 504 Lemay Way Antioch, 2
    • 3 beds 3 baths ∙ 2,007 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,007 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.27
    •  
  • 4012 Rocky Point Dr Antioch, 1
    • 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 1986
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.31
    •  
  • 3345 Barmouth Dr Antioch, 3
    • 4 beds 3 baths ∙ 1,857 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,857 Sqft ∙ Built 1984
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.43
    •  
  • 1211 Chelsea Ct Antioch, 4
    • 4 beds 3 baths ∙ 1,863 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,863 Sqft ∙ Built 1977
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.45
    •  
  • 912 Bluerock Dr Antioch, 5
    • 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 1986
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.34
    •  
PROPERTY LISTING DETAILS
Rick Fuller
Rick Fuller Inc.
BESbswy