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639 Laird Ln Lafayette, CA 94549

4 Beds 3 Baths 2,025 sqft Built 1967

INVESTimate

$975,000

List Price

$3,780

$3,530 - $4,030

Rent Est.

$1,051,440  ( +7.84%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1967
  • Price/Sqft : $481.48
  • 2 Days on Market
  • MLS # : CC40918152
  • Updated Date : 08/25/2020 at 19:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,025 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful, light filled, traditional turn-key 4 bedroom, 3 bathroom Lafayette home in the desirable Alhambra Valley area! The first level of this home features ample living space with a formal living room and dining room as you enter, updated eat-in kitchen and cozy family room with backyard access; along with a bedroom and full bathroom. The main floor has wonderful hardwood floor throughout. Upstairs you will find three bedrooms, including the over sized primary suite and an additional hall bathroom. Fresh neutral paint throughout along with brand new carpet upstairs. Nicely landscaped backyard with a patio perfect for entertaining. The large level yard for is great for play or possibly a pool and a side yard which would be great for a home garden or potential RV parking!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94549

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $273k1441k

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

Zip Code: 94549

ZipNIR Market*CityMarket2010Year20012019 Q22000250030003500400045005000Rent in $16715037

* 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 Swett Elementary School Primary Regular 514 23 6
Martinez Junior High School Middle Regular 978 40 6
Alhambra Senior High School High Regular 1,181 58 7

John Swett Elementary School

  • Education Level: Primary
  • # of students: 514
  • # of teachers: 23
6
GreatSchools Rating

Martinez Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 40
6
GreatSchools Rating

Alhambra Senior High School

  • Education Level: High
  • # of students: 1,181
  • # of teachers: 58
7
GreatSchools Rating
 

$877,500$1,072,500$975,000

PURCHASE PRICE

$3,402$4,158$3,780

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,780
EXPENSES Loan Payment -$3,597
Property Tax -$976
Property Insurance -$76
Property Management Fees -$185
CASH FLOW
-$1,054

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.

$975,000

PROJECTED PRICE

$3,780

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.84%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,597

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$10,320

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
  • $3,655

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3953$3,400
$3,400
RENT COMPS ANALYSIS
  • 639 Laird Ln Lafayette, 1
    • 4 beds 4 baths ∙ 2,025 Sqft ∙ Built 1967 4 beds 4 baths ∙ 2,025 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1994 Reliez Valley Rd Lafayette, 2
    • 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 1962
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.75
    •  
  • 111 Alhambra Hills Dr Martinez, 3
    • 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 1977
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.86
    •  
PROPERTY LISTING DETAILS
Desiree Bilich
Keller Williams Realty
BESbswy