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53 Turrini Cir Danville, CA 94526

3 Beds 2 Baths 1,590 sqft Built 1956

INVESTimate

$1,225,000

List Price

$3,840

$3,590 - $4,090

Rent Est.

$1,302,053  ( +6.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $770.44
  • 7 Days on Market
  • MLS # : CC40916642
  • Updated Date : 08/23/2020 at 08:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,590 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

An exciting Danville staycation awaits you located on a quaint cul-de-sac. Sitting on a flat .34 acre lot, this mid-century modern single story home features an open floor plan with 3 bedrooms, 2 updated bathrooms, spectacular eat-in kitchen and amazing backyard retreat. Anchored by a gorgeous stone fireplace, the family and dining room combination offer plenty of space for large gatherings. The gourmet kitchen is appointed with stainless steel appliances, breakfast bar, granite countertops, beautiful backsplash and panoramic views of the backyard. The primary bedroom showcases a walk-in closet, hardwood floors, access to a private deck and backyard, as well as its luxurious ensuite featuring a double head shower and built-in cabinetry. Just full of serenity, the relaxing backyard presents a sparkling Pebble Tec pool with solar heat, waterfalls and separate hot tub, covered patio, garden shed and bountiful amounts of space for gardening all surrounded by drought resistant landscaping.

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PRICE & RENT TRENDS

Neighborhood: El Cerro

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $273k1484k

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

Neighborhood: El Cerro

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2200025003000350040004500Rent in $16714983

* 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
Vista Grande Elementary School Primary Regular 672 27 8
Los Cerros Middle School Middle Regular 652 25 10
Monte Vista High School High Regular 2,255 97 10

Vista Grande Elementary School

  • Education Level: Primary
  • # of students: 672
  • # of teachers: 27
8
GreatSchools Rating

Los Cerros Middle School

  • Education Level: Middle
  • # of students: 652
  • # of teachers: 25
10
GreatSchools Rating

Monte Vista High School

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

$1,102,500$1,347,500$1,225,000

PURCHASE PRICE

$3,456$4,224$3,840

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

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,840
EXPENSES Loan Payment -$4,520
Property Tax -$1,252
Property Insurance -$66
Property Management Fees -$188
CASH FLOW
-$2,185

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.

$1,225,000

PROJECTED PRICE

$3,840

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.29%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$330,375

INVESTMENT

$330,375

Down Payment
$306,250
Rehab Estimate
$5,750
Closing Costs
$18,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,520

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $306,250
Loan Amount $918,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$117

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
  • $3,852

    COMP ESTIMATED VALUE
  • $2.42

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,8504$4,0005$4,500
$4,500
RENT COMPS ANALYSIS
  • 53 Turrini Cir Danville, 1
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 365 Ilo Lane Danville, 2
    • 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1951
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.47
    •  
  • 15 Portland Court Danville, 3
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1972
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $2.08
    •  
  • 403 Verona Ave Danville, 4
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1950
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.60
    •  
  • 1874 Green Valley Road Alamo, 5
    • 4 beds 3 baths ∙ 1,774 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,774 Sqft ∙ Built 1971
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.54
    •  
PROPERTY LISTING DETAILS
Karlyn Hunt
Compass
BESbswy