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1031 Stimel Drive Concord, CA 94518

4 Beds 2 Baths 2,091 sqft Built 1963

$850,000

List Price

$3,390

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $406.50
  • 2 Days on Market
  • MLS # : CC40930473
  • Updated Date : 11/28/2020 at 08:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,091 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker

Listing Agent's Description

Gorgeous 4 bedroom, 2 bath Colony Park home has beed meticulously maintained by the current owners. New paint throughout the interior of the home, including trim and baseboards. This traditional style home has separate living and family rooms, an office/den/homeschool room and the master on the first floor. The updated kitchen and eating area opens up to the warm and inviting family room. Upstairs are three generous bedrooms with extensive storage along with TWO large dormer rooms that could be used as an office, playroom, exercise area or even additional bedrooms! Light and bright hall bath round out the space upstairs. The level back yard has ample room for the entire family. One of the most desirable parts of Concord, this home cannot be missed!

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PRICE & RENT TRENDS

Neighborhood: Colony Park

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1076k

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

Neighborhood: Colony Park

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000Rent in $16323193

* 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
Fair Oaks Elementary School Primary Regular 403 16 3
Pleasant Hill Middle School Middle Regular 972 39 6
Ygnacio Valley High School High Regular 1,134 53 4

Fair Oaks Elementary School

  • Education Level: Primary
  • # of students: 403
  • # of teachers: 16
3
GreatSchools Rating

Pleasant Hill Middle School

  • Education Level: Middle
  • # of students: 972
  • # of teachers: 39
6
GreatSchools Rating

Ygnacio Valley High School

  • Education Level: High
  • # of students: 1,134
  • # of teachers: 53
4
GreatSchools Rating
 

$765,000$935,000$850,000

PURCHASE PRICE

$3,051$3,729$3,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,390
EXPENSES Loan Payment -$3,136
Property Tax -$967
Property Insurance -$78
Property Management Fees -$166
CASH FLOW
-$957

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.

$850,000

PROJECTED PRICE

$3,390

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.6%
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$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$7,901

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
  • $3,513

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1953$3,4954$3,5005$3,895
$3,895
RENT COMPS ANALYSIS
  • 1031 Stimel Drive Concord, CA 1
    • 4 beds 2 baths ∙ 2,091 Sqft ∙ Built 1963 4 beds 2 baths ∙ 2,091 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2851 Saint Joseph Dr. Concord, CA 2
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1980
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.78
    •  
  • 2010 Gill Port Ln Walnut Creek, CA 3
    • 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 1969
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.54
    •  
  • 2195 Smith Ln Concord, CA 4
    • 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1955 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1955
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.61
    •  
  • 1077 Bellamy Ct Walnut Creek, CA 5
    • 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 1978
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $1.79
    •  
PROPERTY LISTING DETAILS
Carissa Brikken Brown
Coldwell Banker
BESbswy