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1043 Orange St Concord, CA 94518

3 Beds 1 Baths 956 sqft Built 1950

$599,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $626.57
  • 2 Days on Market
  • MLS # : CC40927879
  • Updated Date : 11/21/2020 at 22:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 956 sqft
  • Baths : 1 full
Listing Agent

Re/max Accord

Listing Agent's Description

Outstanding opportunity to own this cozy home located in a family oriented Concord neighborhood, close to fabulous Downtown Pleasant Hill, just few minutes to BART, and easy access to Freeway. Enjoy nearby parks, shopping, and top rated schools. The floor plan features a living & dining areas with wood burning fireplace, original hardwood floor, and updated double pane windows. The kitchen area opens to the spacious back patio with cover. Premium lot allows a large back yard with apple, lemon, and blood orange trees. Virtual Tour: https://my.matterport.com/show/?m=cg8gNUmR8z1&brand=0

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tree Haven

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1017k

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

Neighborhood: Tree Haven

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14543193

* 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
Ygnacio Valley Elementary School Primary Regular 510 25 2
Oak Grove Middle School Middle Regular 695 40 1
Ygnacio Valley High School High Regular 1,134 53 4

Ygnacio Valley Elementary School

  • Education Level: Primary
  • # of students: 510
  • # of teachers: 25
2
GreatSchools Rating

Oak Grove Middle School

  • Education Level: Middle
  • # of students: 695
  • # of teachers: 40
1
GreatSchools Rating

Ygnacio Valley High School

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

$539,100$658,900$599,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$2,210
Property Tax -$665
Property Insurance -$50
Property Management Fees -$149
CASH FLOW
-$904

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.

$599,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.3%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$728

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
  • $2,184

    COMP ESTIMATED VALUE
  • $2.29

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,7504$2,8005$2,800
$2,800
RENT COMPS ANALYSIS
  • 1043 Orange St Concord, CA 1
    • 3 beds 1 baths ∙ 956 Sqft ∙ Built 1950 3 beds 1 baths ∙ 956 Sqft ∙ Built 1950
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1890 Cameron Ct Concord, CA 2
    • 3 beds 2 baths ∙ 1,115 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,115 Sqft ∙ Built 1962
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.15
    •  
  • 929 Notre Dame Ave Concord, CA 3
    • 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1957
    property image
    LEASED 06/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.21
    •  
  • 1520 Orange Concord, CA 4
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1950
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.22
    •  
  • 1800 William Way Concord, CA 5
    • 3 beds 2 baths ∙ 1,094 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,094 Sqft ∙ Built 1958
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.56
    •  
PROPERTY LISTING DETAILS
Jorge Salas
Re/max Accord
BESbswy