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9872 Key West Way Discovery Bay, CA 94505

3 Beds 3 Baths 2,342 sqft Built 2013

INVESTimate

$683,800

List Price

$2,620

$2,370 - $2,870

Rent Est.

$730,367  ( +6.81%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $291.97
  • 7 Days on Market
  • MLS # : BE40917610
  • Updated Date : 08/20/2020 at 16:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,342 sqft
  • Baths : 3 full
Listing Agent

Flat Rate Realty

Listing Agent's Description

MUST SEE THIS STUNNING SINGLE STORY W/OVER $200,000 IN UPGRADES, LANDSCAPING & ADD ONS - 3 BEDROOMS + HOME OFFICE & 3 FULL BATHS - Chiseled Tile & Laminate Wood flooring throughout- Custom Kit w/ Granite counters & Back splash - Custom Fireplace Tile - Master Bath w/custom Tile flr - Remodeled 2nd Bath w/Steam Shower - Master & 2nd Bdrm w/CalCloset Buildout - Professionally Landscaped frt & bckyard - Backyard w/Custom 450 sq ft patio cover w/Full Kit with BBQ Grill, Dual Gas Burner, Sink, Fridg, 2 Ceiling Fans, 2 Ceiling Heaters, Remote control Shades, TV Cabinet w/doors, Water feature w/Waterfall, Hot Tub w/stone steps & slate landing, Gas Fire Pit w/custom bench - Driveway + Side & Back Pavers - Surround 4 camera security - Garage w/Custom Cabs & Shelves, Epoxy Floor - NO REAR NEIGHBORS - Leased Solar - Located in Gated Community w/Tennis & Bocce courts, Playground & walking path - Copy & Paste 360 Tour https://mls.ricohtours.com/e7e269fd-8cf2-475f-acdb-1a8d2cd86066

SEE MORE

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
 

$615,420$752,180$683,800

PURCHASE PRICE

$2,358$2,882$2,620

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

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 $2,620
EXPENSES Loan Payment -$2,523
Property Tax -$778
Property Insurance -$84
HOA -$175
Property Management Fees -$149
CASH FLOW
-$1,089

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.

$683,800

PROJECTED PRICE

$2,620

PROJECTED RENT

0.38%

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$186,957

INVESTMENT

$186,957

Down Payment
$170,950
Rehab Estimate
$5,750
Closing Costs
$10,257

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,523

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $170,950
Loan Amount $512,850
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$228

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,620

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,851

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,620
1$2,6202$2,7503$2,8004$2,9005$2,950
$2,950
RENT COMPS ANALYSIS
  • 9872 Key West Way Discovery Bay, 1
    • 3 beds 3 baths ∙ 2,342 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,342 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $1.12
    •  
  • 5626 Arcadia Cir Discovery Bay, 2
    • 4 beds 2 baths ∙ 2,430 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,430 Sqft ∙ Built 2004
    property image
    LEASED 04/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.13
    •  
  • 22 Outrigger Way Discovery Bay, 3
    • 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 2012
    property image
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.20
    •  
  • Shearwater Cir Discovery Bay, 4
    • 3 beds 3 baths ∙ 2,340 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,340 Sqft ∙ Built 2018
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.24
    •  
  • 9419 Davenport Circle Discovery Bay, 5
    • 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2017
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.30
    •  
PROPERTY LISTING DETAILS
Maureen Prince
Flat Rate Realty
BESbswy