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715 Almanor Ct Discovery Bay, CA 94505

3 Beds 2 Baths 1,877 sqft Built 2004

$549,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $292.49
  • 2 Days on Market
  • MLS # : EB40928482
  • Updated Date : 11/07/2020 at 11:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,877 sqft
  • Baths : 2 full
Listing Agent

Corcoran Global Living

Listing Agent's Description

AWESOME Single Story Home with a HUGE back yard in The Lakes community in Discovery Bay. This home is located on a cul-de-sac and is right by the lake and walking trail. Super clean and move in ready with a large family room, open kitchen with breakfast bar and dining area plus a laundry room and wide 2 car garage. (bedroom 4 is without benefit of closet - home is 3 bedrooms on public records).

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
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$2,026
Property Tax -$642
Property Insurance -$72
HOA -$173
Property Management Fees -$149
CASH FLOW
-$472

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.

$549,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.8%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$13,024

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
  • $2,628

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$2,8954$3,200
$3,200
RENT COMPS ANALYSIS
  • 715 Almanor Ct Discovery Bay, CA 1
    • 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5407 Gold Creek Cir Discovery Bay, CA 2
    • 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 2004
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.34
    •  
  • 8223 Brookhaven Cir Discovery Bay, CA 3
    • 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 2015
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.40
    •  
  • 1415 Discovery Bay Blvd Discovery Bay, CA 4
    • 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 2000
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.46
    •  
PROPERTY LISTING DETAILS
Michael Guzzardo
Corcoran Global Living
BESbswy