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8137 Westport Cir Discovery Bay, CA 94505

6 Beds 3 Baths 3,282 sqft Built 2015

INVESTimate

$769,000

List Price

$2,990

$2,740 - $3,240

Rent Est.

$821,369  ( +6.81%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $234.31
  • 8 Days on Market
  • MLS # : MR40917397
  • Updated Date : 08/19/2020 at 20:35
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,282 sqft
  • Baths : 3 full
Listing Agent

Professional Realty Associates

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
Knightsen Elementary School Primary Regular 532 23 3
Knightsen Elementary School Middle Regular 532 23 3
Liberty High School High Magnet 2,520 106 7

Knightsen Elementary School

  • Education Level: Primary
  • # of students: 532
  • # of teachers: 23
3
GreatSchools Rating

Knightsen Elementary School

  • Education Level: Middle
  • # of students: 532
  • # of teachers: 23
3
GreatSchools Rating

Liberty High School

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

$692,100$845,900$769,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$2,837
Property Tax -$875
Property Insurance -$106
HOA -$175
Property Management Fees -$149
CASH FLOW
-$1,153

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.

$769,000

PROJECTED PRICE

$2,990

PROJECTED RENT

0.39%

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$209,535

INVESTMENT

$209,535

Down Payment
$192,250
Rehab Estimate
$5,750
Closing Costs
$11,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,837

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $192,250
Loan Amount $576,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$469

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
  • $0.91

    LIST RENT PER SQFT
  • $3,118

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,990
1$2,9902$3,100
$3,100
RENT COMPS ANALYSIS
  • 8137 Westport Cir Discovery Bay, 1
    • 6 beds 3 baths ∙ 3,282 Sqft ∙ Built 2015 6 beds 3 baths ∙ 3,282 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $0.91
    •  
  • 5422 Gold Creek Cir Discovery Bay, 2
    • 5 beds 3 baths ∙ 3,250 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,250 Sqft ∙ Built 2004
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.95
    •  
PROPERTY LISTING DETAILS
Barbara Shilling
Professional Realty Associates
BESbswy