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608 Seuss Court Discovery Bay, CA 94505

5 Beds 3 Baths 3,392 sqft Built 2007

$799,500

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $235.70
  • 2 Days on Market
  • MLS # : EB40928522
  • Updated Date : 11/07/2020 at 22:14
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,392 sqft
  • Baths : 3 full
Listing Agent

Marples & Associates

Listing Agent's Description

A PERFECT 10! WONDERFUL 5 BED/3 BATH HOME WITH FAMILY ROOM, FORMAL DINING AND LIVING ROOM PLUS LARGE THEATRE/PLAY ROOM EQUIPPED WITH SEPARATE HEATING AND AIR CONDITIONING. SHARP GOURMET KITCHEN WITH DISTRESSED CABINETS, GRANITE COUNTERS, DOUBLE OVEN, ISLAND, GAS COOKTOP. FULL BED/OFFICE DOWNSTAIRS WITH FULL BATHROOM. OUTDOOR LIVING AT ITS BEST WITH LARGE POOL, SPA, GAZABO AND FULL OUTDOOR KITCHEN. 2 SIDEYARD ACCESS AREAS, 3 CAR GARAGE, EXPANSIVE FENCED LOT! LOCATED IN DESIRABLE THE RAVENSWOOD SUBDIVISION ON A QUITE CUL DE SAC STREET. SHORT WALK TO SCHOOL AND PARK. MAKE THIS YOUR CLIENTS FIRST STOP!!!!!!

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PRICE & RENT TRENDS

Neighborhood: The Lakes

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1015k

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

Neighborhood: The Lakes

ZipNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14643193

* 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
Timber Point Elementary School Primary Regular 531 21 6
Excelsior Middle School Middle Regular 571 24 6
Liberty High School High Magnet 2,520 106 7

Timber Point Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 21
6
GreatSchools Rating

Excelsior Middle School

  • Education Level: Middle
  • # of students: 571
  • # of teachers: 24
6
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,520
  • # of teachers: 106
7
GreatSchools Rating
 

$719,550$879,450$799,500

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$2,950
Property Tax -$944
Property Insurance -$109
Property Management Fees -$149
CASH FLOW
-$1,182

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.

$799,500

PROJECTED PRICE

$2,970

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.8%
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-$20k-$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$217,618

INVESTMENT

$217,618

Down Payment
$199,875
Rehab Estimate
$5,750
Closing Costs
$11,993

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,950

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,875
Loan Amount $599,625
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$659

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
  • $2,976

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8253$2,8504$3,1005$3,200
$3,200
RENT COMPS ANALYSIS
  • 608 Seuss Court Discovery Bay, CA 1
    • 5 beds 3 baths ∙ 3,392 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,392 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 111 Tennyson Ct Discovery Bay, CA 2
    • 4 beds 3 baths ∙ 3,263 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,263 Sqft ∙ Built 2006
    property image
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,825
    • $0.87
    •  
  • 4324 Cummings Ln Discovery Bay, CA 3
    • 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 2006
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.89
    •  
  • 324 Mendocino Way Discovery Bay, CA 4
    • 4 beds 3 baths ∙ 3,536 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,536 Sqft ∙ Built 2003
    property image
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.88
    •  
  • 1913 Windward Pt Discovery Bay, CA 5
    • 4 beds 3 baths ∙ 3,666 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,666 Sqft ∙ Built 1990
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.87
    •  
PROPERTY LISTING DETAILS
Cathie Marples
Marples & Associates
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