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132 Springside Road Walnut Creek, CA 94597

3 Beds 2 Baths 2,276 sqft Built 1952

INVESTimate

$1,250,000

List Price

$3,990

$3,740 - $4,240

Rent Est.

$1,425,125  ( +14.01%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1952
  • Price/Sqft : $549.21
  • 5 Days on Market
  • MLS # : CC40917869
  • Updated Date : 08/22/2020 at 09:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,276 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Gorgeous 1 story home in sought after neighborhood near downtown Walnut Creek, freeways and BART offers refinished hardwood floors, formal living and dining rooms with views, remodeled eat-in kitchen with Quartz countertops and subway tile backsplash, 3 bedrooms plus a large bonus room or office, dual pane windows, peaceful backyard with many mature trees, patios, deck and views, excellent Walnut Creek schools with Las Lomas High (part of Acalanes Union High School District), and much more...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Hill

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: The Hill

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714138

* 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
Buena Vista Elementary School Primary Regular 546 24 7
Walnutcreek Intermediate School Middle Regular 1,219 48 8
Las Lomas High School High Regular 1,541 75 9

Buena Vista Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 24
7
GreatSchools Rating

Walnutcreek Intermediate School

  • Education Level: Middle
  • # of students: 1,219
  • # of teachers: 48
8
GreatSchools Rating

Las Lomas High School

  • Education Level: High
  • # of students: 1,541
  • # of teachers: 75
9
GreatSchools Rating
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,591$4,389$3,990

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,990
EXPENSES Loan Payment -$4,612
Property Tax -$1,280
Property Insurance -$82
Property Management Fees -$196
CASH FLOW
-$2,179

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.

$1,250,000

PROJECTED PRICE

$3,990

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.01%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$131

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
  • $3,080

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6953$3,9004$4,900
$4,900
RENT COMPS ANALYSIS
  • 132 Springside Road Walnut Creek, 1
    • 3 beds 2 baths ∙ 2,276 Sqft ∙ Built 1952 3 beds 2 baths ∙ 2,276 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Siskiyou Dr Walnut Creek, 2
    • 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 1972
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.30
    •  
  • 32 Willow Ave Walnut Creek, 3
    • 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1949 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1949
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.61
    •  
  • 2016 Montclair Cir Walnut Creek, 4
    • 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 1962 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 1962
    LEASED 11/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $2.45
    •  
PROPERTY LISTING DETAILS
Rita Dhillon
Compass
BESbswy