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1016 G St Antioch, CA 94509

2 Beds 1 Baths 1,200 sqft Built 1928

INVESTimate

$325,000

List Price

$1,750

$1,575 - $1,925

Rent Est.

$365,138  ( +12.35%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1928
  • Price/Sqft : $270.83
  • 8 Days on Market
  • MLS # : EB40917396
  • Updated Date : 08/25/2020 at 05:28
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,200 sqft
  • Baths : 1 full
Listing Agent

Bhhs Drysdale Properties

Listing Agent's Description

Original owner offers this charming bungalow/craftsman style home, located within walking distance to all levels of schools, public transportation, Celia's restaurant, and also Antioch's historic Rivertown district. Many original features are still intact, including built-ins in dining room, tile kitchen countertops, fireplace in living room, hardwood floors underneath all carpet, and an enclosed utility porch/sunroom leading to the rear yard and detached garage. Upgrades include central heat/air, dual pane windows, and a newer roof. Washer and refrigerator included. This is a rare gem in downtown Antioch, owned by the same family since it was built in 1928.

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PRICE & RENT TRENDS

Zip Code: 94509

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $190k1015k

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

Zip Code: 94509

ZipNIR Market*CityMarket2010Year20012019 Q21200140016001800200022002400260028003000Rent in $11393193

* 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
Fremont Elementary School Primary Regular 552 20 1
Antioch Middle School Middle Regular 759 28 1
Antioch High School High Regular 1,774 76 3

Fremont Elementary School

  • Education Level: Primary
  • # of students: 552
  • # of teachers: 20
1
GreatSchools Rating

Antioch Middle School

  • Education Level: Middle
  • # of students: 759
  • # of teachers: 28
1
GreatSchools Rating

Antioch High School

  • Education Level: High
  • # of students: 1,774
  • # of teachers: 76
3
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,199
Property Tax -$356
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
-$10

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.

$325,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.35%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$37,959

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,750
$1,750
RENT COMPS ANALYSIS
  • 1016 G St Antioch,
    • 2 beds 1 baths ∙ 1,200 Sqft ∙ Built 1928 2 beds 1 baths ∙ 1,200 Sqft ∙ Built 1928
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.46
    •  
PROPERTY LISTING DETAILS
Joe Wheeland
Bhhs Drysdale Properties
BESbswy