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1096 Snyder Ln Walnut Creek, CA 94598

3 Beds 4 Baths 2,274 sqft Built 1964

INVESTimate

$1,375,000

List Price

$4,430

$4,180 - $4,680

Rent Est.

$1,465,338  ( +6.57%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1964
  • Price/Sqft : $604.66
  • 6 Days on Market
  • MLS # : CC40917736
  • Updated Date : 08/22/2020 at 17:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,274 sqft
  • Baths : 3 full , 1 half
Listing Agent

J. Rockcliff Realtors Inc.

Listing Agent's Description

Situated in Walnut Creek's Exceptional Northgate Area, This 3+ bedroom 3 bathroom home boasts exquisite updated interior finishes, Chef's kitchen and Bonus Room Downstairs with Full Bath and Wine Closet. Extensive Professionally Landscaped Yards feature Ruth Bancroft Gardens Selectioins, Chosen for Water Wise Garden Tour by Ruth Bancroft Gardens and CC Water District. Inviting Hawkins Salt Water Pool and Spa with Views of Nearby Open Space. Huge Bonus Detached Living Space with Gas Fireplace, Sink and Under counter refrigerator, and Full Bathroom.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Walnut Walk

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $273k1556k

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

Neighborhood: Walnut Walk

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000420044004600Rent in $16714787

* 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
Walnut Acres Elementary School Primary Regular 625 23 9
Foothill Middle School Middle Regular 1,014 40 9
Northgate High School High Regular 1,671 67 10

Walnut Acres Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 23
9
GreatSchools Rating

Foothill Middle School

  • Education Level: Middle
  • # of students: 1,014
  • # of teachers: 40
9
GreatSchools Rating

Northgate High School

  • Education Level: High
  • # of students: 1,671
  • # of teachers: 67
10
GreatSchools Rating
 

$1,237,500$1,512,500$1,375,000

PURCHASE PRICE

$3,987$4,873$4,430

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,430
EXPENSES Loan Payment -$5,073
Property Tax -$1,391
Property Insurance -$82
Property Management Fees -$217
CASH FLOW
-$2,333

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.

$1,375,000

PROJECTED PRICE

$4,430

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.57%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$370,125

INVESTMENT

$370,125

Down Payment
$343,750
Rehab Estimate
$5,750
Closing Costs
$20,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$5,073

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $343,750
Loan Amount $1,031,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$154

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,430

    LIST RENT
  • $1.95

    LIST RENT PER SQFT
  • $4,457

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$3,900
1$3,9002$4,3003$4,3004$4,4305$4,500
$4,500
RENT COMPS ANALYSIS
  • 1096 Snyder Ln Walnut Creek, 4
    • 3 beds 4 baths ∙ 2,274 Sqft ∙ Built 1964 3 beds 4 baths ∙ 2,274 Sqft ∙ Built 1964
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,430
    • $1.95
    •  
  • 755 Autumn Dr Walnut Creek, 1
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1965
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.94
    •  
  • 53 Castle Rock Rd Walnut Creek, 2
    • 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 1967 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 1967
    property image
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.03
    •  
  • 1020 Pontiac Ct Walnut Creek, 3
    • 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 1974
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.87
    •  
  • 3374 Whitehaven Dr Walnut Creek, 5
    • 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 1978
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.00
    •  
PROPERTY LISTING DETAILS
Kim Morucci
J. Rockcliff Realtors Inc.
BESbswy