Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1958
- Price/Sqft : $596.98
- 3 Days on Market
- MLS # : CC40930219
- Updated Date : 11/27/2020 at 11:37
CONSTRUCTION
- Beds : 5
- Floor Size : 2,387 sqft
- Baths : 3 full
Listing Agent
Bay Area Modern Real Estate
Listing Agent's Description
Custom 2 story Eichler affords ample living space with 5BD/3BA and a total of 2,387 SF (per tax records). A majestic open living area is accentuated with a high-pitched post & beam ceiling that spans the entirety of the home. A superbly remodeled kitchen makes this home a true entertainer's delight & features double 20 ft islands w/Sub Zero fridge. The entire lower level of the home has been tiled complementing the radiant heating alongside additional mini-split AC/Heaters in every room. Floor-to-ceiling glass walls along with multiple skylights blur the lines between indoors/outdoors & flood the home with natural light. All baths are fully remodeled & 2nd bdrm doubles as family room. Other notable features include new double-paned windows, mahogany wood walls, globe lighting, Tesla EV charging port & warrantied roof. The large yard allows for private outdoor living with separate spa, sauna & shower cabana. Located in a quiet cul-de-sac, this home is also very centrally located.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Rancho San Miguel
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho San Miguel
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $4,360 |
EXPENSES | Loan Payment | -$5,258 |
Property Tax | -$1,483 | |
Property Insurance | -$85 | |
Property Management Fees | -$214 | |
CASH FLOW
-$2,679
|
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.
$1,425,000
PROJECTED PRICE
$4,360
PROJECTED RENT
0.31%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 5.00% |
Appreciation Year (1-5) | 8.2% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.09% |
Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$383,375
LOAN DETAILS
$5,258
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $356,250 |
Loan Amount | $1,068,750 |
0.08
YEARS SAVED
$97
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
-
$4,686
COMP ESTIMATED VALUE -
$1.96
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Bay Area Modern Real Estate