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PROPERTY INFO
FACTS
- Single Family
- Built In 1951
- Price/Sqft : $571.26
- 3 Days on Market
- MLS # : MR40932338
- Updated Date : 12/19/2020 at 10:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,740 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Tucked away in a quiet hillside neighborhood in Walnut Creek, this pristine Mid-Century Rancher boasts much of it's original charm. The living room features a wood burning fireplace & a picturesque window that opens to the private backyard with a large pool perfect for entertaining. Features include the original hardwood floors, newer roof & water heater. The bathrooms have been updated & remodeled while maintaining the original character of the home. The garage has been converted to an enormous bonus room w/heating & air, perfect for a home office or studio with it's own separate entrance. It could be converted back to the original oversized 2 car garage if desired. On almost a 1/3 of an acre there is plenty of room to expand & add additional sq. footage if the city permits. Situated on a corner lot with partial views of Mt Diablo the park like setting is private & serene. This home is minutes to downtown Walnut Creek, Bart, shopping & freeways. Welcome Home!
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PRICE & RENT TRENDS
Neighborhood: The Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,720 |
| EXPENSES | Loan Payment | -$3,667 |
| Property Tax | -$1,018 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$182 | |
|
CASH FLOW
-$1,216
|
||
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.
$994,000
PROJECTED PRICE
$3,720
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 14.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.09% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$269,160
LOAN DETAILS
$3,667
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $248,500 |
| Loan Amount | $745,500 |
1.08
YEARS SAVED
$5,214
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$4,102
COMP ESTIMATED VALUE -
$2.36
COMP AVG. RENT PER SQFT
Comps Range
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140 Hilltop Crescent Walnut Creek, CA 1
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1 Lincolnshire Ct Lafayette, CA 2
- 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1952
LEASED 12/31/19- Rent
- Rent Per SQFT
- $3,400
- $2.19
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1028 Leland Dr Lafayette, CA 3
- 4 beds 2 baths ∙ 1,582 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,582 Sqft ∙ Built 1962
LEASED 11/12/19- Rent
- Rent Per SQFT
- $3,800
- $2.40
-
52 Lancaster Ct Walnut Creek, CA 4
- 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 1968
LEASED 11/05/19- Rent
- Rent Per SQFT
- $4,500
- $2.39
-
2016 Montclair Cir Walnut Creek, CA 5
- 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
Coldwell Banker Realty
