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1368 Rosemary Ln Concord, CA 94518

3 Beds 1 Baths 1,196 sqft Built 1950

$650,000

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $543.48
  • 2 Days on Market
  • MLS # : ML81823081
  • Updated Date : 12/12/2020 at 13:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,196 sqft
  • Baths : 1 full
Listing Agent

Balboa Real Estate

Listing Agent's Description

Enjoy your own private botanical garden on this fully landscaped 10,200 square-foot piece of paradise! Entertain outdoors on the covered patio featuring overhead ceiling fans. A landscapers dream yard featuring towering oak trees, pathways leading to various charming seating areas, raised vegetable beds, childrens play structure and raised playhouse, whimsical garden sculptures, a chicken coop, recirculating fountain and so much more. Updated home with many appealing designer touches. This one needs to be seen to be appreciated!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tree Haven

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1017k

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

Neighborhood: Tree Haven

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14543193

* 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
Ygnacio Valley Elementary School Primary Regular 510 25 2
Oak Grove Middle School Middle Regular 695 40 1
Ygnacio Valley High School High Regular 1,134 53 4

Ygnacio Valley Elementary School

  • Education Level: Primary
  • # of students: 510
  • # of teachers: 25
2
GreatSchools Rating

Oak Grove Middle School

  • Education Level: Middle
  • # of students: 695
  • # of teachers: 40
1
GreatSchools Rating

Ygnacio Valley High School

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

$585,000$715,000$650,000

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$2,398
Property Tax -$721
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
-$785

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.

$650,000

PROJECTED PRICE

$2,540

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.3%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$5,038

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
  • $2,751

    COMP ESTIMATED VALUE
  • $2.3

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,8004$2,9505$2,950
$2,950
RENT COMPS ANALYSIS
  • 1368 Rosemary Ln Concord, CA 1
    • 3 beds 1 baths ∙ 1,196 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,196 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1890 Cameron Ct Concord, CA 2
    • 3 beds 2 baths ∙ 1,115 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,115 Sqft ∙ Built 1962
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.15
    •  
  • 1520 Orange Concord, CA 3
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1950
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.22
    •  
  • 930 Notre Dame Ave Concord, CA 4
    • 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1958
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.37
    •  
  • 153 Lorenzo Dr Pleasant Hill, CA 5
    • 3 beds 2 baths ∙ 1,198 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,198 Sqft ∙ Built 1955
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.46
    •  
PROPERTY LISTING DETAILS
Dane Horton
Balboa Real Estate
BESbswy