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606 Salem Ct Livermore, CA 94551

2 Beds 1 Baths 910 sqft Built 1966

$699,000

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $768.13
  • 5 Days on Market
  • MLS # : MR40932857
  • Updated Date : 12/31/2020 at 17:14
CONSTRUCTION
  • Beds : 2
  • Floor Size : 910 sqft
  • Baths : 1 full
Listing Agent

Congress Realty, Inc.

Listing Agent's Description

Remodeled to perfection! This charming single story home is nestled in the desirable neighborhood of Summerset. Just around the corner from a popular elementary school with easy access to all bay area commute routes. The beautiful kitchen complete with new cabinets, quartz countertop, tile backsplash & stainless steel appliances. And there's more: a cozy fireplace, recess lighting, gorgeous new flooring, energy efficient windows, fully remodeled bathroom, freshly painted interior and exterior, new roof, fully landscaped yard perfect for entertaining. Move-in ready!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Summerset

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1020k

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

Neighborhood: Summerset

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $15043195

* 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
Rancho Las Positas Elementary School Primary Regular 553 23 6
Junction Avenue K-8 School Middle Regular 872 39 4
Granada High School High Regular 2,017 85 8

Rancho Las Positas Elementary School

  • Education Level: Primary
  • # of students: 553
  • # of teachers: 23
6
GreatSchools Rating

Junction Avenue K-8 School

  • Education Level: Middle
  • # of students: 872
  • # of teachers: 39
4
GreatSchools Rating

Granada High School

  • Education Level: High
  • # of students: 2,017
  • # of teachers: 85
8
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$2,579
Property Tax -$785
Property Insurance -$49
Property Management Fees -$149
CASH FLOW
-$1,072

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.

$699,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$468

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
  • $2,223

    COMP ESTIMATED VALUE
  • $2.44

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0953$2,2004$2,795
$2,795
RENT COMPS ANALYSIS
  • 606 Salem Ct Livermore, CA 1
    • 2 beds 1 baths ∙ 910 Sqft ∙ Built 1966 2 beds 1 baths ∙ 910 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1565 Elm St Livermore, CA 2
    • 2 beds 1 baths ∙ 800 Sqft ∙ Built 1956 2 beds 1 baths ∙ 800 Sqft ∙ Built 1956
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $2.62
    •  
  • 1822 Walnut St 1 Livermore, CA 3
    • 2 beds 1 baths ∙ 1,003 Sqft ∙ Built 1970 2 beds 1 baths ∙ 1,003 Sqft ∙ Built 1970
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $2.19
    •  
  • 553 S P St Livermore, CA 4
    • 2 beds 1 baths ∙ 1,110 Sqft ∙ Built 1967 2 beds 1 baths ∙ 1,110 Sqft ∙ Built 1967
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $2.52
    •  
PROPERTY LISTING DETAILS
Donald Plunkett
Congress Realty, Inc.
BESbswy