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5476 Summerfield Dr Antioch, CA 94531

5 Beds 3 Baths 3,105 sqft Built 2002

INVESTimate

$620,000

List Price

$2,920

$2,670 - $3,170

Rent Est.

$682,744  ( +10.12%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $199.68
  • 4 Days on Market
  • MLS # : BE40918001
  • Updated Date : 08/24/2020 at 03:02
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,105 sqft
  • Baths : 3 full
Listing Agent

Fidelity Brokers, Inc

Listing Agent's Description

Welcome to 5476 Summerfield Dr. Move-in ready! This home greets visitors with a welcoming well-kept drought tolerant front garden and huge curb appeal. The home also features beautiful high-end laminated floors. The formal living room, family room, and formal dining area are graced with huge windows that provide plenty of natural light. The kitchen boasts beautiful quartz countertops, a gorgeous big island, tiled backsplash, ample cabinetry, pantry and a butler's area. The huge master room w/fireplace and walk-in closet is larger than average and thus provides ample space for relaxation. Your family will love and enjoy the low maintenance backyard, which contains apple, pear, peach and pomelo trees. This fully remodeled home with 5 bedrooms, 3 bathrooms, loft, 3-car garage w/over 3100 sq ft is conveniently located near shopping areas, restaurants, transportation & minutes to 4 freeway. Won't last long!

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PRICE & RENT TRENDS

Zip Code: 94531

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $214k1015k

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

Zip Code: 94531

ZipNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $12473193

* 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
Diablo Vista Elementary School Primary Regular 546 19 4
Dallas Ranch Middle School Middle Regular 1,238 46 3
Deer Valley High School High Regular 2,659 113 5

Diablo Vista Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 19
4
GreatSchools Rating

Dallas Ranch Middle School

  • Education Level: Middle
  • # of students: 1,238
  • # of teachers: 46
3
GreatSchools Rating

Deer Valley High School

  • Education Level: High
  • # of students: 2,659
  • # of teachers: 113
5
GreatSchools Rating
 

$558,000$682,000$620,000

PURCHASE PRICE

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

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 $2,920
EXPENSES Loan Payment -$2,288
Property Tax -$605
Property Insurance -$102
Property Management Fees -$149
CASH FLOW
-$224

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.

$620,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.12%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,050

INVESTMENT

$170,050

Down Payment
$155,000
Rehab Estimate
$5,750
Closing Costs
$9,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $155,000
Loan Amount $465,000
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$42,203

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
  • $3,113

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$2,9504$3,1955$3,200
$3,200
RENT COMPS ANALYSIS
  • 5476 Summerfield Dr Antioch, 1
    • 5 beds 3 baths ∙ 3,105 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,105 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4653 Appleglen Antioch, 2
    • 4 beds 3 baths ∙ 2,991 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,991 Sqft ∙ Built 2013
    LEASED 04/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.97
    •  
  • 5535 Coachford Way Antioch, 3
    • 4 beds 3 baths ∙ 2,781 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,781 Sqft ∙ Built 2013
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.06
    •  
  • 5380 Rockrose Way Antioch, 4
    • 5 beds 4 baths ∙ 3,148 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,148 Sqft ∙ Built 2002
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.01
    •  
  • 1813 Moreau Way Brentwood, 5
    • 4 beds 3 baths ∙ 3,302 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,302 Sqft ∙ Built 2004
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.97
    •  
PROPERTY LISTING DETAILS
Luis Felipe Ramirez
Fidelity Brokers, Inc
BESbswy