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1296 Mountbatten Ct Concord, CA 94518

3 Beds 2 Baths 1,528 sqft Built 1963

INVESTimate

$799,000

List Price

$3,090

$2,840 - $3,340

Rent Est.

$859,724  ( +7.60%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1963
  • Price/Sqft : $522.91
  • 8 Days on Market
  • MLS # : BE40917398
  • Updated Date : 08/24/2020 at 11:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,528 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Beautiful move in ready ranch style home in desirable Colony Park. Great location bordering Walnut Creek, close to shopping, Pleasant Hill Bart, parks, restaurants, and easy fwy access. Freshly painted exterior, updated kitchen and bathrooms, beautiful hardwood floors and new carpet. Natural light fills the home throughout all hours of the day with sky lights in the main living areas and master bedroom. The large yard is perfect for entertaining family and friends! Don't miss out!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Colony Park

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1076k

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

Neighborhood: Colony Park

NeighborhoodNIR 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
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
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,781$3,399$3,090

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,090
EXPENSES Loan Payment -$2,948
Property Tax -$909
Property Insurance -$64
Property Management Fees -$151
CASH FLOW
-$982

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.

$799,000

PROJECTED PRICE

$3,090

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.60%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$4,611

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
  • $3,106

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,1004$3,7505$3,800
$3,800
RENT COMPS ANALYSIS
  • 1296 Mountbatten Ct Concord, 1
    • 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1963
    • 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
    LEASED 03/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.86
    •  
  • 2360 La Salle Walnut Creek, 3
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1974
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.81
    •  
  • 132 Calle Nogales Walnut Creek, 4
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1962
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.31
    •  
  • 1274 Claiborne Dr Walnut Creek, 5
    • 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 1964
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.15
    •  
PROPERTY LISTING DETAILS
Jon Ahern
Coldwell Banker Realty
BESbswy