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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $201.94
- 3 Days on Market
- MLS # : BE40929073
- Updated Date : 11/20/2020 at 20:33
CONSTRUCTION
- Beds : 4
- Floor Size : 3,714 sqft
- Baths : 3 full
Listing Agent
Keller Williams Tri-valley
Listing Agent's Description
So Beautiful at The Lakes! Very desirable open concept floor plan designed for flexibility. Kitchen features granite topped island, generous breakfast nook, stainless steel appliances, and walk-in pantry. Adjacent Family Room with gas fireplace and slider to Backyard. Elegant Formal Living with fireplace and separate Formal Dining Room. Spacious main level Primary Bedroom Suite with jetted tub, stall shower, and walk-in closet. Upstairs, three comfortably sized Bedrooms (one with Sitting Area) share full Hallway Bath. Large loft snd smaller secondary Loft area offer options for home office and home school. New carpet, ceiling fans, durable laminate flooring, main level full Bath, and main level Laundry Room. Three stall tandem Garage and wide side yard with potential room for boat/RV parking. Fenced backyard with patio and covered front porch. All this and partial lake views, gated community, and proximity to Orwood Marina. Low HOA dues include greenbelt, parks, and sports court.
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PRICE & RENT TRENDS
Neighborhood: The Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,160 |
| EXPENSES | Loan Payment | -$2,767 |
| Property Tax | -$877 | |
| Property Insurance | -$117 | |
| HOA | -$175 | |
| Property Management Fees | -$155 | |
|
CASH FLOW
-$930
|
||
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.
$750,000
PROJECTED PRICE
$3,160
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$204,500
LOAN DETAILS
$2,767
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $187,500 |
| Loan Amount | $562,500 |
0.92
YEARS SAVED
$3,621
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,367
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
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6473 Green Castle Cir Discovery Bay, CA 4
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LEASED 06/17/20- Rent
- Rent Per SQFT
- $3,600
- $0.97
PROPERTY LISTING DETAILS
Keller Williams Tri-valley
