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118 Greenwood Cir Walnut Creek, CA 94597

3 Beds 2 Baths 1,395 sqft Built 1955

INVESTimate

$895,000

List Price

$3,240

$2,990 - $3,490

Rent Est.

$972,865  ( +8.70%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1955
  • Price/Sqft : $641.58
  • 6 Days on Market
  • MLS # : BE40917758
  • Updated Date : 08/25/2020 at 19:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,395 sqft
  • Baths : 2 full
Listing Agent

Bhhs Drysdale Properties

Listing Agent's Description

Very beautiful single level home located on a tree-lined street and highly sought after neighborhood. Conveniently located near shopping, restaurants and freeway access. Walking distance to Pleasant Hill BART, Iron Horse Trail. Large living room with fireplace, open and light eating area/family room combination. Premium sized lot, almost 1/4 acre. Room for an outdoor kitchen and pool or use your imagination. Beautiful Bay Laurel Tree, lemon trees and Avocado tree grafted with 7 different varieties. Within the last few years, owner added solar, (owned) new dual pane windows, interior doors, beautiful paver driveway and porch, wood flooring, electrical upgrades, R-38 insulation, new garage door. Garage has a workbench and lots of cabinets/storage.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94597

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Zip Code: 94597

ZipNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714076

* 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
Fair Oaks Elementary School Primary Regular 403 16 3
Pleasant Hill Middle School Middle Regular 972 39 6
Ygnacio Valley High School High Regular 1,134 53 4

Fair Oaks Elementary School

  • Education Level: Primary
  • # of students: 403
  • # of teachers: 16
3
GreatSchools Rating

Pleasant Hill Middle School

  • Education Level: Middle
  • # of students: 972
  • # of teachers: 39
6
GreatSchools Rating

Ygnacio Valley High School

  • Education Level: High
  • # of students: 1,134
  • # of teachers: 53
4
GreatSchools Rating
 

$805,500$984,500$895,000

PURCHASE PRICE

$2,916$3,564$3,240

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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 $3,240
EXPENSES Loan Payment -$3,302
Property Tax -$938
Property Insurance -$61
Property Management Fees -$159
CASH FLOW
-$1,220

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.

$895,000

PROJECTED PRICE

$3,240

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.70%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$242,925

INVESTMENT

$242,925

Down Payment
$223,750
Rehab Estimate
$5,750
Closing Costs
$13,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,302

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $223,750
Loan Amount $671,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,756

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
  • $3,240

    COMP ESTIMATED VALUE
  • $2.32

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,2004$3,7505$4,100
$4,100
RENT COMPS ANALYSIS
  • 118 Greenwood Cir Walnut Creek, 1
    • 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 934 Bancroft Rd Concord, 2
    • 4 beds 2 baths ∙ 1,616 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,616 Sqft ∙ Built 1973
    property image
    LEASED 03/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.86
    •  
  • 3216 Rogers Ave Walnut Creek, 3
    • 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1948
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.39
    •  
  • 132 Calle Nogales Walnut Creek, 4
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1962
    property image
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.31
    •  
  • 1329 Kilarney Ln. Walnut Creek, 5
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1964
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.73
    •  
PROPERTY LISTING DETAILS
Micheline Defreitas
Bhhs Drysdale Properties
BESbswy