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1249 Mokelumne Court Antioch, CA 94531

5 Beds 3 Baths 3,057 sqft Built 1998

$769,000

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $251.55
  • 3 Days on Market
  • MLS # : BE40928344
  • Updated Date : 11/06/2020 at 12:56
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,057 sqft
  • Baths : 3 full
Listing Agent

Corcoran Globle Living

Listing Agent's Description

Welcome to the most exquisite home that is now available to you! Located in the highly desirable Dallas Ranch Estates. This gorgeous, stunning property offers features like no other! An oversized lot offering over 18,000 in square footage!!! Soaring high vaulted ceilings, wall to wall windows, 5 spacious bdrms., which includes one full bdrm. & bathroom on the first level, in addition a bonus spacious loft and so much more. This immaculate home features many upgrades to appreciate: recently installed (2018) 2 zone HVAC system, and (2017) water heater replacement and a beautiful in-ground 36x18 pool sitting on a generous size lot with priceless views of Mt. Diablo! This backyard was built to entertain! Large side yard access that includes a large tool shed for extra storage. This court located stunning property has a deep driveway with a 3 car garage. No rear neighbors and BREATHTAKING VIEWS for as far as you can see! This home is an absolute MUST SEE! This gem won't last long!

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PRICE & RENT TRENDS

Neighborhood: Dallas Ranch

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: Dallas Ranch

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $12473193

* 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
Lone Tree Elementary School Primary Regular 792 28 3
Dallas Ranch Middle School Middle Regular 1,238 46 3
Deer Valley High School High Regular 2,659 113 5

Lone Tree Elementary School

  • Education Level: Primary
  • # of students: 792
  • # of teachers: 28
3
GreatSchools Rating

Dallas Ranch Middle School

  • Education Level: Middle
  • # of students: 1,238
  • # of teachers: 46
3
GreatSchools Rating

Deer Valley High School

  • Education Level: High
  • # of students: 2,659
  • # of teachers: 113
5
GreatSchools Rating
 

$692,100$845,900$769,000

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$2,837
Property Tax -$751
Property Insurance -$101
Property Management Fees -$149
CASH FLOW
-$878

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.

$769,000

PROJECTED PRICE

$2,960

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.6%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$209,535

INVESTMENT

$209,535

Down Payment
$192,250
Rehab Estimate
$5,750
Closing Costs
$11,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,837

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $192,250
Loan Amount $576,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,987

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,919

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7953$2,8004$2,8005$2,960
$2,960
RENT COMPS ANALYSIS
  • 1249 Mokelumne Court Antioch, CA 5
    • 5 beds 3 baths ∙ 3,057 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,057 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $0.97
    •  
  • 4728 Hunter Peak Ct Antioch, CA 1
    • 4 beds 3 baths ∙ 2,739 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,739 Sqft ∙ Built 1991
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.97
    •  
  • 2662 Zepher Ct Antioch, CA 2
    • 5 beds 4 baths ∙ 2,991 Sqft ∙ Built 2001 5 beds 4 baths ∙ 2,991 Sqft ∙ Built 2001
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.93
    •  
  • 5000 Union Mine Dr Antioch, CA 3
    • 4 beds 3 baths ∙ 2,819 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,819 Sqft ∙ Built 1997
    LEASED 12/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.99
    •  
  • 2620 Carson Way Antioch, CA 4
    • 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 2000
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.93
    •  
PROPERTY LISTING DETAILS
Dania Razaqi
Corcoran Globle Living
BESbswy