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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $489.40
- 2 Days on Market
- MLS # : BE40933772
- Updated Date : 01/09/2021 at 19:46
CONSTRUCTION
- Beds : 3
- Floor Size : 2,452 sqft
- Baths : 2 full , 1 half
Listing Agent
Buy Sell Home Realty
Listing Agent's Description
We are introducing a gorgeous detached home featuring spectacular views of Canyon Lake and Mt. Diablo in San Ramon's beautiful gated community of Canyon Lakes. This dream home features high ceiling living and dining spaces, exclusive views from the upper balcony and kitchen, a newly carpeted 2nd floor, a grand primary bedroom suite with a spacious walk-in closet, and private bedrooms that open into a relaxing lower-level backyard. This property also includes a newly renovated deck at the entrance and balcony. Enjoy resort-style luxury living at The Lakes with special access to four swimming pools, four lighted tennis courts, and scenic walking trails. The Canyon Lakes neighborhood also features several top-rated San Ramon Schools from K-12. It is conveniently located right by the New San Ramon Bishop Shopping Center, the Civic Center, Interstates 680 & 580, and many shops and restaurants.
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PRICE & RENT TRENDS
Neighborhood: Canyon Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Canyon Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,980 |
| EXPENSES | Loan Payment | -$4,168 |
| Property Tax | -$1,288 | |
| Property Insurance | -$86 | |
| HOA | -$225 | |
| Property Management Fees | -$195 | |
|
CASH FLOW
-$1,983
|
||
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.
$1,200,000
PROJECTED PRICE
$3,980
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 7.7% |
| 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
$323,750
LOAN DETAILS
$4,168
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $300,000 |
| Loan Amount | $900,000 |
0.08
YEARS SAVED
$98
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
-
$4,548
COMP ESTIMATED VALUE -
$1.86
COMP AVG. RENT PER SQFT
Comps Range
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6110 Lakeview Cir San Ramon, CA 1
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783 Lakemont Place 5 San Ramon, CA 2
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- $3,900
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2409 Canyon Lakes Dr San Ramon, CA 4
- 4 beds 3 baths ∙ 2,329 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,329 Sqft ∙ Built 1989
LEASED 09/18/20- Rent
- Rent Per SQFT
- $4,600
- $1.98
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- 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 2003
LEASED 12/17/20- Rent
- Rent Per SQFT
- $4,600
- $1.94
PROPERTY LISTING DETAILS
Buy Sell Home Realty
