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753 Saddleback Cir Livermore, CA 94551

3 Beds 2 Baths 1,348 sqft Built 1998

$859,000

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $637.24
  • 7 Days on Market
  • MLS # : BE40927142
  • Updated Date : 10/30/2020 at 08:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,348 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Tri-valley

Listing Agent's Description

Open Concept at its Finest! Open the door and be amazed at the inviting and open floor plan. The spacious living room boasts dramatic vaulted ceilings, recessed lighting, and flows right into the remodeled kitchen. The modern kitchen features immaculate cabinets and countertops, a large island with range cooktop, and stainless steel appliances. The recently remodeled bathroom continues that modern feel of the home. The master suite with adjoining bathroom, featuring dual sinks with oval soaking tub, and sliding door access to the entertainer's backyard. The always green artificial grass runs up to a wrap-around deck. This backyard is perfect for entertaining! The California Ranch Community is just a short walk to a fantastic community park, a quick drive to Livermore's downtown, shopping outlets, wineries, and hiking trails. Conveniently located for quick access to Highway 84 and 580 Freeway. Don't miss your chance to make this gem your home!

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PRICE & RENT TRENDS

Neighborhood: Summerset

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1020k

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

Neighborhood: Summerset

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $15043195

* 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
Rancho Las Positas Elementary School Primary Regular 553 23 6
Junction Avenue K-8 School Middle Regular 872 39 4
Granada High School High Regular 2,017 85 8

Rancho Las Positas Elementary School

  • Education Level: Primary
  • # of students: 553
  • # of teachers: 23
6
GreatSchools Rating

Junction Avenue K-8 School

  • Education Level: Middle
  • # of students: 872
  • # of teachers: 39
4
GreatSchools Rating

Granada High School

  • Education Level: High
  • # of students: 2,017
  • # of teachers: 85
8
GreatSchools Rating
 

$773,100$944,900$859,000

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$3,169
Property Tax -$983
Property Insurance -$60
HOA -$127
Property Management Fees -$149
CASH FLOW
-$1,498

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.

$859,000

PROJECTED PRICE

$2,990

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.4%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$233,385

INVESTMENT

$233,385

Down Payment
$214,750
Rehab Estimate
$5,750
Closing Costs
$12,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,169

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $214,750
Loan Amount $644,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$93

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,990

    LIST RENT
  • $2.22

    LIST RENT PER SQFT
  • $3,029

    COMP ESTIMATED VALUE
  • $2.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,975
1$2,9752$2,9903$3,3504$3,400
$3,400
RENT COMPS ANALYSIS
  • 753 Saddleback Cir Livermore, CA 2
    • 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $2.22
    •  
  • 92 Tamalpais Ave Livermore, CA 1
    • 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1981
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $2.53
    •  
  • 2923 Kiwi Common Livermore, CA 3
    • 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 2011
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.09
    •  
  • 2846 Mint Cmn Livermore, CA 4
    • 3 beds 3 baths ∙ 1,603 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,603 Sqft ∙ Built 2009
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.12
    •  
PROPERTY LISTING DETAILS
Jake Fahnhorst
Keller Williams Tri-valley
BESbswy