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1181 Fair Weather Cir Concord, CA 94518

4 Beds 3 Baths 2,066 sqft Built 1981

$850,000

List Price

$3,460

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $411.42
  • 7 Days on Market
  • MLS # : MR40933875
  • Updated Date : 01/16/2021 at 20:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,066 sqft
  • Baths : 2 full , 1 half
Listing Agent

Tom Linthicum Re Company

Listing Agent's Description

Nice home single story home located in Lime Ridge! Great landscaping beautiful front and back yard. Near Lime Ridge open space with miles of hiking trails! Easy commute to work and shopping as well. Home has been well maintained with new roof installed only 4 years ago.

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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
Valle Verde Elementary School Primary Regular 482 16 6
Foothill Middle School Middle Regular 1,014 40 9
Northgate High School High Regular 1,671 67 10

Valle Verde Elementary School

  • Education Level: Primary
  • # of students: 482
  • # of teachers: 16
6
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
 

$765,000$935,000$850,000

PURCHASE PRICE

$3,114$3,806$3,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,460
EXPENSES Loan Payment -$2,952
Property Tax -$943
Property Insurance -$77
HOA -$198
Property Management Fees -$170
CASH FLOW
-$880

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.

$850,000

PROJECTED PRICE

$3,460

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,698

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,460

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $3,564

    COMP ESTIMATED VALUE
  • $1.73

    COMP AVG. RENT PER SQFT
Comps Range
$3,195
1$3,1952$3,4003$3,4604$3,5005$3,995
$3,995
RENT COMPS ANALYSIS
  • 1181 Fair Weather Cir Concord, CA 3
    • 4 beds 3 baths ∙ 2,066 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,066 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $3,460
    • $1.67
    •  
  • 894 Saint John Cir Concord, CA 1
    • 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1979
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.65
    •  
  • 4525 Shellflower Ct Concord, CA 2
    • 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 1981
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.67
    •  
  • 4499 Pitch Pine Ct Concord, CA 4
    • 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 1977
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.83
    •  
  • 4498 Silverberry Ct Concord, CA 5
    • 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1975
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.75
    •  
PROPERTY LISTING DETAILS
Thomas Linthicum
Tom Linthicum Re Company
BESbswy