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517 Silverado Drive Lafayette, CA 94549

4 Beds 2 Baths 1,927 sqft Built 1965

$1,495,000

List Price

$4,860

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1965
  • Price/Sqft : $775.82
  • 2 Days on Market
  • MLS # : CC40927701
  • Updated Date : 11/02/2020 at 07:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,927 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

This lovingly maintained Lafayette property is situated on a beautiful �.4 ac lot in sought after Burton Valley. With 4BD, 2BA, & �1,927 sq ft, this single-story home enjoys a nice sized kitchen open to the family room, separate living room, fluid floorplan & a serene setting. The front landscaping was designed by Henry Matsutani, the chief designer of the restored Japanese Tea Garden in Golden Gate Park, highlighting natural landscape, calmness, & beauty. Peaceful backyard setting w/an eye toward both function & beauty including a brick patio w/inlaid stone, dry creek bed, meandering path, & garden beds.So much potential to make this yard your own personal oasis! Surrounded by great hiking trails while also being conveniently located a block from Burton Valley Elementary & the trail to Lafayette Community Park/Fields, down the road from Rancho Swim & Tennis Club, and just a short distance from the Lafayette trail to downtown Lafayette Stanley Intermediate or up to Moraga.

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PRICE & RENT TRENDS

Neighborhood: Burton Valley

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $273k1571k

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

Neighborhood: Burton Valley

NeighborhoodNIR Market*CityMarket2010Year20012019 Q22000250030003500400045005000Rent in $16715261

* 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
Burton Valley Elementary School Primary Regular 771 32 10
M. H. Stanley Middle School Middle Regular 1,178 52 10
Campolindo High School High Regular 1,253 60 10

Burton Valley Elementary School

  • Education Level: Primary
  • # of students: 771
  • # of teachers: 32
10
GreatSchools Rating

M. H. Stanley Middle School

  • Education Level: Middle
  • # of students: 1,178
  • # of teachers: 52
10
GreatSchools Rating

Campolindo High School

  • Education Level: High
  • # of students: 1,253
  • # of teachers: 60
10
GreatSchools Rating
 

$1,345,500$1,644,500$1,495,000

PURCHASE PRICE

$4,374$5,346$4,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,860
EXPENSES Loan Payment -$5,516
Property Tax -$1,569
Property Insurance -$74
Property Management Fees -$238
CASH FLOW
-$2,537

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.

$1,495,000

PROJECTED PRICE

$4,860

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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$2.5M$3.0M$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k

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$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$401,925

INVESTMENT

$401,925

Down Payment
$373,750
Rehab Estimate
$5,750
Closing Costs
$22,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$5,516

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $373,750
Loan Amount $1,121,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$162

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
  • $4,596

    COMP ESTIMATED VALUE
  • $2.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,4503$5,000
$5,000
RENT COMPS ANALYSIS
  • 517 Silverado Drive Lafayette, CA 1
    • 4 beds 2 baths ∙ 1,927 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,927 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3359 Sweet Dr Lafayette, CA 2
    • 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1955
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,450
    • $2.52
    •  
  • 3330 Helen Lane Lafayette, CA 3
    • 5 beds 3 baths ∙ 2,226 Sqft ∙ Built 1952 5 beds 3 baths ∙ 2,226 Sqft ∙ Built 1952
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.25
    •  
PROPERTY LISTING DETAILS
Kristi Ives
Compass
BESbswy