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700 Almanor Ct Discovery Bay, CA 94505

3 Beds 2 Baths 1,877 sqft Built 2004

INVESTimate

$550,000

List Price

$2,560

$2,310 - $2,810

Rent Est.

$587,455  ( +6.81%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $293.02
  • 5 Days on Market
  • MLS # : CC40917865
  • Updated Date : 08/22/2020 at 03:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,877 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Come relax in this peaceful, highly desirable area that we call The Lakes of Discovery Bay. Lovely gated community surrounded by walking paths, fountains, parks, and man-made lakes galore. This home is one of the first to be built, but don't let that fool you. Pride of ownership is shown throughout this stunning single story. You'll step into a wide hall with laminate wood planks throughout. Office is conveniently located in front, perfect for our new work-at-home concept. All bedrooms, including office, offer neutral-colored carpet. Breakfast bar that expands into the secondary dining room/living room combo. Kitchen counters are a neutral-colored stone, while the floor has multi-colored slate. Matching black appliances with a 4-burner gas stove. Stone-framed fireplace in living room. Stunning barn door closes the laundry room. Corian countertop and shower enclosure in hall bath. Sunken tub in master with his & hers sinks. Concrete backyard patio with grass for the kids/dog.

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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
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,029
Property Tax -$643
Property Insurance -$72
HOA -$175
Property Management Fees -$149
CASH FLOW
-$509

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.

$550,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.81%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$11,004

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
  • $2,722

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$3,0004$3,1955$3,200
$3,200
RENT COMPS ANALYSIS
  • 700 Almanor Ct Discovery Bay, 1
    • 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5407 Gold Creek Cir Discovery Bay, 2
    • 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 2004
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.34
    •  
  • 2100 Largo Ct. Discovery Bay, 3
    • 4 beds 3 baths ∙ 2,021 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,021 Sqft ∙ Built 1987
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.48
    •  
  • 880 Discovery Bay Bl Discovery Bay, 4
    • 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1985
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.52
    •  
  • 1415 Discovery Bay Blvd Discovery Bay, 5
    • 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 2000
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.46
    •  
PROPERTY LISTING DETAILS
Cynthia Macdermott
Compass
BESbswy