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6809 New Melones Cir Discovery Bay, CA 94505

4 Beds 3 Baths 3,714 sqft Built 2005

$750,000

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
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.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Lakes

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1015k

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

Neighborhood: The Lakes

ZipNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14643193

* 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
Timber Point Elementary School Primary Regular 531 21 6
Excelsior Middle School Middle Regular 571 24 6
Liberty High School High Magnet 2,520 106 7

Timber Point Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 21
6
GreatSchools Rating

Excelsior Middle School

  • Education Level: Middle
  • # of students: 571
  • # of teachers: 24
6
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,520
  • # of teachers: 106
7
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,367

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,2004$3,600
$3,600
RENT COMPS ANALYSIS
  • 6809 New Melones Cir Discovery Bay, CA 1
    • 4 beds 3 baths ∙ 3,714 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,714 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 324 Mendocino Way Discovery Bay, CA 2
    • 4 beds 3 baths ∙ 3,536 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,536 Sqft ∙ Built 2003
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.88
    •  
  • 1913 Windward Pt Discovery Bay, CA 3
    • 4 beds 3 baths ∙ 3,666 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,666 Sqft ∙ Built 1990
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.87
    •  
  • 6473 Green Castle Cir Discovery Bay, CA 4
    • 4 beds 4 baths ∙ 3,714 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,714 Sqft ∙ Built 2005
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.97
    •  
PROPERTY LISTING DETAILS
Liz Venema
Keller Williams Tri-valley
BESbswy