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981 Orchid Drive Brentwood, CA 94513

5 Beds 3 Baths 3,010 sqft Built 1998

$800,000

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $265.78
  • 3 Days on Market
  • MLS # : EB40931799
  • Updated Date : 12/11/2020 at 17:07
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,010 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Spacious kitchen opens to the dining area and family room with plenty of storage space, pantry, island with bar seating, breakfast bar, dishwasher, microwave, built-in stovetop, and double oven. Lovely family room with electric fireplace, ceiling fan and access to the backyard. Spacious formal living/dining room combo with a comfortable layout with views of the backyard and decorative structured columns. The master bedroom has a fireplace, entertainment nook, and a huge walk-in closet paired well with the master bath with double sinks, a large sunken tub with a fireplace, and access to the pool and spa. The backyard features a large newly built in-ground pool and spa with pebble tech bottom, Acapulco shelf, gas firepit, new concrete decking, sport court/RV access, overhang with electrical for an outdoor TV, ceiling fans, and plum/peach trees on the side yard.

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PRICE & RENT TRENDS

Neighborhood: Edgewood

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1015k

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

Neighborhood: Edgewood

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $13233193

* 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
Loma Vista Elementary School Primary Regular 621 23 7
Bristow Middle School Middle Regular 1,122 43 7
Heritage High School High Regular 2,503 100 9

Loma Vista Elementary School

  • Education Level: Primary
  • # of students: 621
  • # of teachers: 23
7
GreatSchools Rating

Bristow Middle School

  • Education Level: Middle
  • # of students: 1,122
  • # of teachers: 43
7
GreatSchools Rating

Heritage High School

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

$720,000$880,000$800,000

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$2,952
Property Tax -$795
Property Insurance -$100
Property Management Fees -$158
CASH FLOW
-$784

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.

$800,000

PROJECTED PRICE

$3,220

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.1%
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-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,750

INVESTMENT

$217,750

Down Payment
$200,000
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $200,000
Loan Amount $600,000
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$12,907

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
  • $3,424

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2503$3,3004$3,4505$3,775
$3,775
RENT COMPS ANALYSIS
  • 981 Orchid Drive Brentwood, CA 1
    • 5 beds 3 baths ∙ 3,010 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,010 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 885 Inverness Ct Brentwood, CA 2
    • 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2002
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.06
    •  
  • 823 Riviera Ct Brentwood, CA 3
    • 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,069 Sqft ∙ Built 2003
    LEASED 07/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.08
    •  
  • 173 Pescara Blvd Brentwood, CA 4
    • 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 2007
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.21
    •  
  • 704 Cabada Dr Brentwood, CA 5
    • 4 beds 3 baths ∙ 3,146 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,146 Sqft ∙ Built 2017
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,775
    • $1.20
    •  
PROPERTY LISTING DETAILS
Krista Mashore
Exp Realty
BESbswy