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118 E 7th St Antioch, CA 94509

3 Beds 2 Baths 1,576 sqft Built 1937

$299,999

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1937
  • Price/Sqft : $190.35
  • 3 Days on Market
  • MLS # : MR40931777
  • Updated Date : 12/11/2020 at 15:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,576 sqft
  • Baths : 2 full
Listing Agent

Congress Realty, Inc.

Listing Agent's Description

Contractor's / Remodelers Special Wooded double lot with 4 levels of terraced garden and orchard. Included back gated entry off of East 8th Street allows for RV and boat parking. Opportunity to remodel on a huge lot. Home has attic space as well as unfinished basement.

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PRICE & RENT TRENDS

Zip Code: 94509

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $190k1015k

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

Zip Code: 94509

ZipNIR Market*CityMarket2010Year20012019 Q21200140016001800200022002400260028003000Rent in $11393193

* 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
Kimball Elementary School Primary Regular 544 19 2
Antioch Middle School Middle Regular 759 28 1
Antioch High School High Regular 1,774 76 3

Kimball Elementary School

  • Education Level: Primary
  • # of students: 544
  • # of teachers: 19
2
GreatSchools Rating

Antioch Middle School

  • Education Level: Middle
  • # of students: 759
  • # of teachers: 28
1
GreatSchools Rating

Antioch High School

  • Education Level: High
  • # of students: 1,774
  • # of teachers: 76
3
GreatSchools Rating
 

$269,999$329,999$299,999

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,107
Property Tax -$328
Property Insurance -$65
Property Management Fees -$149
CASH FLOW
$661

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.

$299,999

PROJECTED PRICE

$2,310

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.4%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

16.5

YEARS SAVED

$95,696

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
  • $2,448

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,5004$2,500
$2,500
RENT COMPS ANALYSIS
  • 118 E 7th St Antioch, CA 1
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1937 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1937
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 215 W 7th St Antioch, CA 2
    • 3 beds 1 baths ∙ 1,392 Sqft ∙ Built 1930 3 beds 1 baths ∙ 1,392 Sqft ∙ Built 1930
    property image
    LEASED 12/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.58
    •  
  • 301 Robert St Antioch, CA 3
    • 3 beds 1 baths ∙ 1,664 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,664 Sqft ∙ Built 1955
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.50
    •  
  • 1131 Medanos St Antioch, CA 4
    • 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1942 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1942
    property image
    LEASED 09/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.58
    •  
PROPERTY LISTING DETAILS
Donald Plunkett
Congress Realty, Inc.
BESbswy