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21
Values down 5.6%, Rent steady
Updated 6 days ago • 5 new comps
Your Investment Paths
Turnkey Rental
The rental market in Discovery Bay shows strong potential for this property. Expected monthly income ranges from $3,656 to $3,895, reflecting solid local demand for high-quality single-family homes that match your unit’s specific profile. This investment offers an attractive rental yield of approximately 5.63%. With these consistent returns, the property serves as a reliable income generator, aligning well with market trends for similar homes in this desirable neighborhood.
More about this home
Neighborhood Assessment
Discovery Bay's 'The Lakes' gated community offers solid appeal with security gates, playgrounds, and greenbelts that families love. It's a quiet, suburban spot in Contra Costa County, but walkability's limited—think car-dependent with schools 3-4 miles away like Knightsen Elementary (6/10) and Liberty High (7/10). Nearby comps zestimate 720K-900K for similar 3-4 bed homes around 2.3K-2.7K sqft, showing steady demand. Recent tax-assessed value hit ~670K with ~9K annual taxes, reflecting appreciation since 2017 build. Values have climbed nicely, you know, from that 2019 sale around 600K to today's 800K+ zestimate. But no big developments popping up—no new malls or grocery stores mentioned—keeps upside moderate. Climate risks like severe heat and extreme air quality could nudge insurance costs up, though fire and flood are low.
Market Activity
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Rental Income
$45K
Yield
5.6%
Year 1 Estimates
Fix-and-Flip
Updating your home creates a fresh, modern aesthetic that resonates with buyers who value move-in-ready living. While current market trends show a subtle price difference of $316 per square foot versus $321 for standard properties. This shift of -1.5% is a modest trade-off for the lifestyle benefits of a curated home. Updates enhance your daily enjoyment and help your property shine, creating a distinct, welcoming atmosphere that truly feels like home.
Comps
16
Buy-Rehab-Rent
The property offers a solid post-renovation value between $783,000 and $866,000. With a median price per square foot around $308, this 2,642-square-foot home aligns well with local market standards for updated, high-quality residential real estate. Estimated monthly rental income of $3,979 provides a consistent 5.8% yield. Given the market stability and rental demand, this investment represents a reliable strategy for long-term equity growth and steady cash flow in this neighborhood.
Rental Income
$48K
Yield
5.8%
Year 1 Estimates, Post Typical Renovation
Estimated value
$805K
$49.6K over comp median
Comparative Market Analysis
$680K – $1.4M
~50 days to sell
Based on 8 comps
7379 Bay Harbor Way, Discovery Bay Investment Report: Flip & Rental Analysis · Frontflip