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1055 Larry Pl Concord, CA 94518

3 Beds 1 Baths 1,096 sqft Built 1950

$575,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $524.64
  • 5 Days on Market
  • MLS # : BE40932576
  • Updated Date : 12/25/2020 at 15:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,096 sqft
  • Baths : 1 full
Listing Agent

Exp Realty Of California

Listing Agent's Description

Amazing Opportunity to own your New Home for the New Year! Great Ranch Style Home! Large Back Yard offering a Basketball Court Large Patio with Overhang great for entertaining! Fun for the Whole Family!! Property offers updated kitchen with Granite Counters Duel Pained Windows! Original Hardwood floors. Don't Miss the Bonus Room Great for Play Room or Office Space! Close to Parks, Shops, Restaurants Freeway Access and much More. You will not want to miss the Opportunity to call this Home!!!!

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
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,122
Property Tax -$638
Property Insurance -$54
Property Management Fees -$149
CASH FLOW
-$362

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.

$575,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.45%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$25,078

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
  • $2,633

    COMP ESTIMATED VALUE
  • $2.4

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$2,8004$2,9505$2,950
$2,950
RENT COMPS ANALYSIS
  • 1055 Larry Pl Concord, CA 1
    • 3 beds 1 baths ∙ 1,096 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,096 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1520 Orange Concord, CA 2
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1950
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.22
    •  
  • 1800 William Way Concord, CA 3
    • 3 beds 2 baths ∙ 1,094 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,094 Sqft ∙ Built 1958
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.56
    •  
  • 930 Notre Dame Ave Concord, CA 4
    • 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1958
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.37
    •  
  • 153 Lorenzo Dr Pleasant Hill, CA 5
    • 3 beds 2 baths ∙ 1,198 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,198 Sqft ∙ Built 1955
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.46
    •  
PROPERTY LISTING DETAILS
Dana Grant
Exp Realty Of California
BESbswy