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1169 Rhoda Way Concord, CA 94518

5 Beds 3 Baths 2,409 sqft Built 1976

INVESTimate

$749,000

List Price

$3,410

$3,160 - $3,660

Rent Est.

$803,078  ( +7.22%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $310.92
  • 8 Days on Market
  • MLS # : CC40917339
  • Updated Date : 08/24/2020 at 13:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,409 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker

Listing Agent's Description

If you need more livable space, this maybe the answer. This spacious home with many possibilities can be yours! Offering approximately 2,400 square feet of living and an approximately 12,000 square foot corner lot, this home has five bedrooms, and three full bathrooms. The main entry is upstairs with a master suite and four other bedrooms, a hall bath, a combo living-dining area, eat-in kitchen with access to the backyard, large windows lending plenty of natural light and views of trees, hills and Mount Diablo. Downstairs offers a den (ideal for a home office) with a fireplace and backyard access, a full bathroom, laundry room, large storage closet and access to the two-car attached garage. The home is close to shopping, schools and more!

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PRICE & RENT TRENDS

Zip Code: 94518

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1026k

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

Zip Code: 94518

ZipNIR 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
El Monte Elementary School Primary Regular 464 19 4
El Dorado Middle School Middle Regular 976 42 2
Concord High School High Regular 1,544 68 6

El Monte Elementary School

  • Education Level: Primary
  • # of students: 464
  • # of teachers: 19
4
GreatSchools Rating

El Dorado Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 42
2
GreatSchools Rating

Concord High School

  • Education Level: High
  • # of students: 1,544
  • # of teachers: 68
6
GreatSchools Rating
 

$674,100$823,900$749,000

PURCHASE PRICE

$3,069$3,751$3,410

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$2,763
Property Tax -$831
Property Insurance -$85
Property Management Fees -$167
CASH FLOW
-$437

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.

$749,000

PROJECTED PRICE

$3,410

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.22%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$33,393

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
  • $3,413

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$3,8004$3,850
$3,850
RENT COMPS ANALYSIS
  • 1169 Rhoda Way Concord, 1
    • 5 beds 3 baths ∙ 2,409 Sqft ∙ Built 1976 5 beds 3 baths ∙ 2,409 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Shellflower Concord, 2
    • 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 1982
    property image
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.36
    •  
  • 4499 Sweet Shrub Ct Concord, 3
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 1976
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.45
    •  
  • 744 San Marcos Ct Concord, 4
    • 5 beds 4 baths ∙ 2,673 Sqft ∙ Built 1964 5 beds 4 baths ∙ 2,673 Sqft ∙ Built 1964
    property image
    LEASED 05/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.44
    •  
PROPERTY LISTING DETAILS
Lisa Lombardi
Coldwell Banker
BESbswy