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524 Andrea Cir Livermore, CA 94550

3 Beds 2 Baths 1,585 sqft Built 1988

$899,950

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $567.79
  • 8 Days on Market
  • MLS # : BE40926233
  • Updated Date : 11/02/2020 at 15:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,585 sqft
  • Baths : 2 full
Listing Agent

The Scotsman Realty Group

Listing Agent's Description

First time sold, this home has been meticulously maintained by the original owner and recently remodeled top to bottom, its a 10! $75K in upgrades spent in the last 3 years and it shows, including a remodeled kitchen with premium quartz counters, stainless steel appliances. Bathrooms have been redesigned with skylights, quartz counters, walk in shower, heated towel rack, heated flooring too wow! LED lighting. Roof new in 2017 and new attic insulation. New paint, new flooring. New fencing, awesome private trex deck large backyard, lawn area and no rear neighbors its quiet here! Side Yard access with large storage shed. Karastan carpet, new A/C HVAC system, including ducting, new Milgard windows. Cozy gas fireplace in family room. You will like this house a lot! https://my.matterport.com/show/?m=6NgAbcv9Vk6

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Brookmeadow

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $254k1078k

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

Neighborhood: Brookmeadow

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800Rent in $15763863

* 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
Arroyo Seco Elementary School Primary Regular 651 28 6
East Avenue Middle School Middle Regular 624 25 6
Livermore High School High Regular 1,771 82 8

Arroyo Seco Elementary School

  • Education Level: Primary
  • # of students: 651
  • # of teachers: 28
6
GreatSchools Rating

East Avenue Middle School

  • Education Level: Middle
  • # of students: 624
  • # of teachers: 25
6
GreatSchools Rating

Livermore High School

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

$809,955$989,945$899,950

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$3,320
Property Tax -$1,032
Property Insurance -$65
HOA -$48
Property Management Fees -$149
CASH FLOW
-$1,695

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.

$899,950

PROJECTED PRICE

$2,920

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$244,237

INVESTMENT

$244,237

Down Payment
$224,988
Rehab Estimate
$5,750
Closing Costs
$13,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,320

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,988
Loan Amount $674,963
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$57

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $1.84

    LIST RENT PER SQFT
  • $2,924

    COMP ESTIMATED VALUE
  • $1.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,9203$3,0954$3,2005$3,250
$3,250
RENT COMPS ANALYSIS
  • 524 Andrea Cir Livermore, CA 2
    • 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $1.84
    •  
  • 1004 Bellflower St Livermore, CA 1
    • 3 beds 3 baths ∙ 1,567 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,567 Sqft ∙ Built 1990
    LEASED 05/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.75
    •  
  • 2933 1st Street 1004 Livermore, CA 3
    • 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 2004
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $1.77
    •  
  • 5319 Charlotte Way Livermore, CA 4
    • 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1970
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.02
    •  
  • 4664 Pamela Cmn Livermore, CA 5
    • 3 beds 3 baths ∙ 1,769 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,769 Sqft ∙ Built 1992
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.84
    •  
PROPERTY LISTING DETAILS
Gordon Corsie
The Scotsman Realty Group
BESbswy