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823 Riviera Ct Brentwood, CA 94513

4 Beds 4 Baths 3,069 sqft Built 2003

$750,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $244.38
  • 4 Days on Market
  • MLS # : EB40929117
  • Updated Date : 11/12/2020 at 21:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,069 sqft
  • Baths : 3 full , 1 half
Listing Agent

Enos Company

Listing Agent's Description

Welcome Home! This large Mediterranean style home located in Shadow Lakes is a perfect place to celebrate the upcoming holiday season in. Located on a Court this 3069 sq. ft. home has 4 bedrooms and 3.5 bathrooms. In this rarely built floorplan all 4 bedrooms are located upstairs including a Jr. Master Suite and workspace nook. Downstairs you're welcomed with a tile entry that leads to the oversized Family Room complete with a fireplace and 2 overlooking landing areas. The Kitchen shows maple cabinets with granite tiles and an eat-in kitchen Island. In addition off the kitchen is perfect breakfast room that could be easily used for a school room or the perfect spot to have your morning coffee. The home has an oversized 2 car garage and a large laundry room. The home sits on a 6,996 sq. ft. lot with a patio and spacious grass area. Conveniently located close to 3 school levels, shopping, and highway access. This is the perfect place to call home just in time for the holidays

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PRICE & RENT TRENDS

Neighborhood: Shadow Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Shadow Lakes

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21400160018002000220024002600280030003200340036003800Rent in $13953863

* 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
Krey Elementary School Primary Regular 893 34 7
Adams Middle School Middle Regular 1,106 40 8
Heritage High School High Regular 2,503 100 9

Krey Elementary School

  • Education Level: Primary
  • # of students: 893
  • # of teachers: 34
7
GreatSchools Rating

Adams Middle School

  • Education Level: Middle
  • # of students: 1,106
  • # of teachers: 40
8
GreatSchools Rating

Heritage High School

  • Education Level: High
  • # of students: 2,503
  • # of teachers: 100
9
GreatSchools Rating
 

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

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$2,767
Property Tax -$849
Property Insurance -$101
HOA -$42
Property Management Fees -$157
CASH FLOW
-$716

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

$3,200

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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$20k

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 60% 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

2

YEARS SAVED

$11,883

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
  • $3,230

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,2004$3,2505$3,300
$3,300
RENT COMPS ANALYSIS
  • 823 Riviera Ct Brentwood, CA 1
    • 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 871 Inverness Ln Brentwood, CA 2
    • 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2002
    property image
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.01
    •  
  • 2673 Presidio Dr Brentwood, CA 3
    • 5 beds 3 baths ∙ 2,945 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,945 Sqft ∙ Built 2003
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.09
    •  
  • 885 Inverness Ct Brentwood, CA 4
    • 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2002
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.06
    •  
  • 278 Pebble Beach Dr Brentwood, CA 5
    • 4 beds 3 baths ∙ 3,135 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,135 Sqft ∙ Built 2003
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.05
    •  
PROPERTY LISTING DETAILS
Jessica Enos
Enos Company
BESbswy