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

630 Reading Pl Danville, CA 94526

4 Beds 3 Baths 2,614 sqft Built 1976

INVESTimate

$1,445,000

List Price

$4,680

$4,430 - $4,930

Rent Est.

$1,550,919  ( +7.33%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $552.79
  • 7 Days on Market
  • MLS # : BE40917057
  • Updated Date : 08/21/2020 at 18:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,614 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Beautifully remodeled and expanded single story home on a large flat lot at the end of a peaceful cul-de-sac, with your own private gate onto the Iron Horse Trail! Recently refinished hardwood flooring, new carpeting, fresh paint inside and out. Huge expanded kitchen/breakfast/family room with walls of windows and french doors looking out to gorgeous park-like back yard. Large center island, walk-in pantry, high end appliances, 2-zone built-in wine refrigerator, granite counters - kitchen is a chef's and entertainer's dream! Spacious master suite with two walk-in closets, beautifully remodeled and expanded master bath. Two tastefully updated additional bathrooms. Fourth bedroom is currently configured as office/den. Inside laundry room, 2-car garage. Close to top schools, parks, commute & so much more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Danville South

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1326k

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

Neighborhood: Danville South

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800400042004400Rent in $16714494

* 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
John Baldwin Elementary School Primary Regular 555 22 9
Charlotte Wood Middle School Middle Regular 1,110 46 9
San Ramon Valley High School High Regular 2,182 90 10

John Baldwin Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 22
9
GreatSchools Rating

Charlotte Wood Middle School

  • Education Level: Middle
  • # of students: 1,110
  • # of teachers: 46
9
GreatSchools Rating

San Ramon Valley High School

  • Education Level: High
  • # of students: 2,182
  • # of teachers: 90
10
GreatSchools Rating
 

$1,300,500$1,589,500$1,445,000

PURCHASE PRICE

$4,212$5,148$4,680

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,680
EXPENSES Loan Payment -$5,331
Property Tax -$1,477
Property Insurance -$90
HOA -$325
Property Management Fees -$229
CASH FLOW
-$2,772

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.

$1,445,000

PROJECTED PRICE

$4,680

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.33%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$388,675

INVESTMENT

$388,675

Down Payment
$361,250
Rehab Estimate
$5,750
Closing Costs
$21,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$5,331

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $361,250
Loan Amount $1,083,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$79

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $4,680

    LIST RENT
  • $1.79

    LIST RENT PER SQFT
  • $5,274

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$4,680
1$4,6802$4,9003$4,9504$5,0005$5,000
$5,000
RENT COMPS ANALYSIS
  • 630 Reading Pl Danville, 1
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,680
    • $1.79
    •  
  • 7 Avon Ct Danville, 2
    • 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 1966
    property image
    LEASED 04/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $1.98
    •  
  • 427 Como Way Danville, 3
    • 5 beds 4 baths ∙ 2,517 Sqft ∙ Built 1976 5 beds 4 baths ∙ 2,517 Sqft ∙ Built 1976
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $1.97
    •  
  • 39 Wiley Ct Danville, 4
    • 4 beds 4 baths ∙ 2,430 Sqft ∙ Built 1966 4 beds 4 baths ∙ 2,430 Sqft ∙ Built 1966
    property image
    LEASED 04/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.06
    •  
  • 211 Daylight Place Danville, 5
    • 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 1973
    property image
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.06
    •  
PROPERTY LISTING DETAILS
Tracy Pisenti
Compass
BESbswy