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1175 Ridgemont Concord, CA 94521

6 Beds 4 Baths 2,968 sqft Built 1986

INVESTimate

$1,049,999

List Price

$4,030

$3,780 - $4,280

Rent Est.

$1,133,789  ( +7.98%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $353.77
  • 8 Days on Market
  • MLS # : CC40917408
  • Updated Date : 08/19/2020 at 17:44
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,968 sqft
  • Baths : 4 full
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

Video Walk-Through Tour Here: https://youtu.be/0AEA8kmtahs -- This beautiful, custom home in Davis Ridge is perfectly positioned to see views of the mountain from your backyard! This home provides options for every family! It can be used as a single family home or a multi-generational home that can be divided into three sections - the first level has 3 bedrooms and 2 full bathrooms, an updated kitchen, a living room and a dining room. The second level has two sections - the first section (on the right side of the house) has 2 bedrooms, 1 full bathroom, a living room and a kitchen. The second section (left side of the house) has 1 bedroom with a full bathroom and a small living room. Each section of the house has its own entrance. Outdoors offers something for everyone - views of the mountain and hardwood decks on the upper and lower levels of the house. The backyard has two separate hardwood decks, perfect for BBQs and entertaining, and a stone/paved sitting area.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94521

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1015k

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

Zip Code: 94521

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
Mt. Diablo Elementary School Primary Regular 814 30 8
Diablo View Middle School Middle Regular 664 27 8
Clayton Valley Charter High School High Regular NA

Mt. Diablo Elementary School

  • Education Level: Primary
  • # of students: 814
  • # of teachers: 30
8
GreatSchools Rating

Diablo View Middle School

  • Education Level: Middle
  • # of students: 664
  • # of teachers: 27
8
GreatSchools Rating

Clayton Valley Charter High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$944,999$1,154,999$1,049,999

PURCHASE PRICE

$3,627$4,433$4,030

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,030
EXPENSES Loan Payment -$3,874
Property Tax -$1,127
Property Insurance -$99
Property Management Fees -$197
CASH FLOW
-$1,267

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.

$1,049,999

PROJECTED PRICE

$4,030

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.98%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$284,000

INVESTMENT

$284,000

Down Payment
$262,500
Rehab Estimate
$5,750
Closing Costs
$15,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $262,500
Loan Amount $787,499
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$6,994

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
  • $3,947

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,950
$3,950
RENT COMPS ANALYSIS
  • 1175 Ridgemont Concord, 1
    • 6 beds 4 baths ∙ 2,968 Sqft ∙ Built 1986 6 beds 4 baths ∙ 2,968 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 293 Mountaire Pkwy Clayton, 2
    • 5 beds 3 baths ∙ 2,960 Sqft ∙ Built 1977 5 beds 3 baths ∙ 2,960 Sqft ∙ Built 1977
    LEASED 06/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.33
    •  
PROPERTY LISTING DETAILS
Tiffany Mcfarland
Exp Realty Of California Inc.
BESbswy