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8308 Locust Pl Dublin, CA 94568

3 Beds 2 Baths 1,366 sqft Built 1981

$870,000

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $636.90
  • 7 Days on Market
  • MLS # : BE40930634
  • Updated Date : 12/04/2020 at 16:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,366 sqft
  • Baths : 2 full
Listing Agent

Golden Hills Brkrs/pb

Listing Agent's Description

HELLO all you first time buyers looking for a clean property! It's a good thing you are patient because here it is! Completely updated 3BR/2BA duet in beautiful Parkway Terrace Neighborhood! Remodeled kitchen and bathrooms, laminate floors throughout much of the property, recessed lights, newer appliances, landscaped side and backyard. New driveway and walkways were just poured! Fresh interior paint. Beautiful covered backyard patio with ceiling fans is a perfect space for outdoor entertaining. The separate living and family room areas are perfect for family members who need work-from-home or schooling-from-home space. It's ideal! Lovely outdoor patio off the front yard area. Orange, apple, plum and apricot trees will share their fruit! Seller is leaving kitchen appliances and a lovingly maintained fish pond for the lucky buyer. Walking distance to all schools, shopping centers, BART, local dining. Let me say it again: This is a CLEAN property! Will you be the lucky buyer?

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PRICE & RENT TRENDS

Neighborhood: San Ramon Village

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1034k

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

Neighborhood: San Ramon Village

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16323823

* 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
Murray Elementary School Primary Regular 415 20 7
Wells Middle School Middle Regular 863 39 6
Dublin High School High Regular 2,062 87 10

Murray Elementary School

  • Education Level: Primary
  • # of students: 415
  • # of teachers: 20
7
GreatSchools Rating

Wells Middle School

  • Education Level: Middle
  • # of students: 863
  • # of teachers: 39
6
GreatSchools Rating

Dublin High School

  • Education Level: High
  • # of students: 2,062
  • # of teachers: 87
10
GreatSchools Rating
 

$783,000$957,000$870,000

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$3,210
Property Tax -$1,004
Property Insurance -$60
HOA -$47
Property Management Fees -$149
CASH FLOW
-$1,500

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.

$870,000

PROJECTED PRICE

$2,970

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.6%
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$3.0M

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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$236,300

INVESTMENT

$236,300

Down Payment
$217,500
Rehab Estimate
$5,750
Closing Costs
$13,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $217,500
Loan Amount $652,500
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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,282

    COMP ESTIMATED VALUE
  • $2.4

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9753$3,3004$3,3005$3,500
$3,500
RENT COMPS ANALYSIS
  • 8308 Locust Pl Dublin, CA 1
    • 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Bristol Dublin, CA 2
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1962
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $2.20
    •  
  • 8449 Longford Way Dublin, CA 3
    • 4 beds 2 baths ∙ 1,338 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,338 Sqft ∙ Built 1963
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.47
    •  
  • 8326 Davona Dublin, CA 4
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1963
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.32
    •  
  • 7446 Larkdale Ave Dublin, CA 5
    • 4 beds 2 baths ∙ 1,338 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,338 Sqft ∙ Built 1962
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.62
    •  
PROPERTY LISTING DETAILS
Shelley Lee Stone
Golden Hills Brkrs/pb
BESbswy