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527 Zenith Ridge Dr Danville, CA 94506

4 Beds 3 Baths 2,304 sqft Built 1993

INVESTimate

$1,299,000

List Price

$4,050

$3,800 - $4,300

Rent Est.

$1,386,293  ( +6.72%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $563.80
  • 6 Days on Market
  • MLS # : CC40917658
  • Updated Date : 08/25/2020 at 21:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,304 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Wow! A fabulous upgraded, Tassajara Ranch home that will capture your heart and soul! Extensive recent updates to this special property along with amazing sunset colors and hill views from your kitchen, master bedroom, and backyard, create a magical combination! Experience the excellent location and schools with everything you could need or want very close by! From the charming curb appeal to the inviting interior, you will enjoy all it has to offer. As you enter through the stately double doors, you immediately feel at home. Soaring ceilings, gorgeous hardwood floors, custom plantation shutters, Pottery Barn lighting fixtures, highly updated kitchen and bathrooms, Carrera stone countertops, stylish mirrors, lighting, premium carpet in bedrooms and so much more, all completed with design in mind. Moments from the community pool, clubhouse, Blackhawk Plaza, Diablo Vista Park, restaurants, shopping, etc. Additional pictures and full details can be found at www.527ZenithRidge.com

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tassajara

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1326k

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

Neighborhood: Tassajara

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
Golden View Elementary School Primary Regular 670 28 10
Diablo Vista Middle School Middle Regular 941 37 9
Monte Vista High School High Regular 2,255 97 10

Golden View Elementary School

  • Education Level: Primary
  • # of students: 670
  • # of teachers: 28
10
GreatSchools Rating

Diablo Vista Middle School

  • Education Level: Middle
  • # of students: 941
  • # of teachers: 37
9
GreatSchools Rating

Monte Vista High School

  • Education Level: High
  • # of students: 2,255
  • # of teachers: 97
10
GreatSchools Rating
 

$1,169,100$1,428,900$1,299,000

PURCHASE PRICE

$3,645$4,455$4,050

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$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$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$3.5M$4.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,050
EXPENSES Loan Payment -$4,793
Property Tax -$1,335
Property Insurance -$83
HOA -$84
Property Management Fees -$198
CASH FLOW
-$2,443

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.

$1,299,000

PROJECTED PRICE

$4,050

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.72%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$349,985

INVESTMENT

$349,985

Down Payment
$324,750
Rehab Estimate
$5,750
Closing Costs
$19,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $324,750
Loan Amount $974,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$89

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
  • $4,067

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9003$4,1504$4,2005$4,700
$4,700
RENT COMPS ANALYSIS
  • 527 Zenith Ridge Dr Danville, 1
    • 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2111 Goldenrod Ln San Ramon, 2
    • 4 beds 3 baths ∙ 2,201 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,201 Sqft ∙ Built 1991
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.77
    •  
  • 307 Pearlgrass Ln San Ramon, 3
    • 5 beds 3 baths ∙ 2,633 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,633 Sqft ∙ Built 1997
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $1.58
    •  
  • 204 Abigail Cir Danville, 4
    • 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 2000
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.75
    •  
  • 245 Jasmine Way Danville, 5
    • 5 beds 3 baths ∙ 2,402 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,402 Sqft ∙ Built 1997
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.96
    •  
PROPERTY LISTING DETAILS
Angela Fitzgerald
Compass
BESbswy