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85 Spencer Way Brentwood, CA 94513

2 Beds 2 Baths 1,735 sqft Built 1997

$529,900

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $305.42
  • 6 Days on Market
  • MLS # : CC40929605
  • Updated Date : 11/18/2020 at 19:18
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,735 sqft
  • Baths : 2 full
Listing Agent

Thomas Kevin Masters

Listing Agent's Description

One of the best locations in Summerset!! Two Bedroom, Two Bathroom, Two Car Garage and a bonus room/den/office??? Lovely family and living rooms with Plantation shutters and new carpet throughout. Open floorplan with beautiful eat in kitchen, hardwood floors, Cherrywood cabinets and Breakfast nook. Spacious Master Suite & Bath with separate Tub and Stall Shower and new flooring. Stunning back yard with covered patio, landscaped with lawn and rose bushes and nice side yards. Brand new retaining wall just rebuilt along the back property line. One of the nicest 55+ communities in Brentwood. Close to Golf, Tennis and all the activities for an active lifestyle. Happy Thanksgiving!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Summerset I

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Summerset I

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21400160018002000220024002600280030003200340036003800Rent in $12533863

* 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
Ron Nunn Elementary School Primary Regular 546 22 7
Adams Middle School Middle Regular 1,106 40 8
Heritage High School High Regular 2,503 100 9

Ron Nunn Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 22
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
 

$476,910$582,890$529,900

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,955
Property Tax -$527
Property Insurance -$69
HOA -$95
Property Management Fees -$149
CASH FLOW
-$345

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.

$529,900

PROJECTED PRICE

$2,450

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,174

INVESTMENT

$146,174

Down Payment
$132,475
Rehab Estimate
$5,750
Closing Costs
$7,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,475
Loan Amount $397,425
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$21,558

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
  • $2,446

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,3004$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 85 Spencer Way Brentwood, CA 1
    • 2 beds 2 baths ∙ 1,735 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,735 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 374 Gravenstein Ter Brentwood, CA 2
    • 2 beds 2 baths ∙ 1,524 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,524 Sqft ∙ Built 1994
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.51
    •  
  • 155 Apple Hill Dr Brentwood, CA 3
    • 2 beds 2 baths ∙ 1,735 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,735 Sqft ∙ Built 1995
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.33
    •  
  • 90 Gala Brentwood, CA 4
    • 2 beds 2 baths ∙ 1,735 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,735 Sqft ∙ Built 1996
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.44
    •  
  • 383 Grenadier Way Brentwood, CA 5
    • 2 beds 3 baths ∙ 1,905 Sqft ∙ Built 1998 2 beds 3 baths ∙ 1,905 Sqft ∙ Built 1998
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.36
    •  
PROPERTY LISTING DETAILS
Kenneth Masters
Thomas Kevin Masters
BESbswy