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1415 Cape Cod Way Concord, CA 94521

4 Beds 2 Baths 1,188 sqft Built 1953

$630,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $530.30
  • 7 Days on Market
  • MLS # : CC40928622
  • Updated Date : 11/10/2020 at 11:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,188 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

You'll fall in love with this charming 4 bed 2 bath home in the desired Canterbury Village neighborhood. This Cape Cod style home shines with updates throughout. Updated kitchen with gas stove/oven combo, pantry, canned lighting, stainless steel appliances, granite countertop & backsplash. Enjoy the comfort of the living room with a wood burning fireplace, built in book case, large window and recessed lighting. Two bedrooms and a bathroom on the main floor with a slider for access to backyard! Upstairs features 2 bedrooms and an updated bathroom. New floors and newly painted throughout. Enjoy the central heat and air; and dual pane windows. Expansive backyard with plenty of room for entertaining! Built in bbq, stamped concrete patio, lawn, trellises and built in benches. Front of home features a large driveway, front porch, and drought friendly landscaping. Close proximity to trails, parks, shopping, restaurants, schools and more! Come quick.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94521

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1015k

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

Zip Code: 94521

ZipNIR 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
El Monte Elementary School Primary Regular 464 19 4
El Dorado Middle School Middle Regular 976 42 2
Concord High School High Regular 1,544 68 6

El Monte Elementary School

  • Education Level: Primary
  • # of students: 464
  • # of teachers: 19
4
GreatSchools Rating

El Dorado Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 42
2
GreatSchools Rating

Concord High School

  • Education Level: High
  • # of students: 1,544
  • # of teachers: 68
6
GreatSchools Rating
 

$567,000$693,000$630,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,324
Property Tax -$699
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
-$629

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.

$630,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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-$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$172,700

INVESTMENT

$172,700

Down Payment
$157,500
Rehab Estimate
$5,750
Closing Costs
$9,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,500
Loan Amount $472,500
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$10,496

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
  • $2,385

    COMP ESTIMATED VALUE
  • $2.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,4504$2,5995$2,900
$2,900
RENT COMPS ANALYSIS
  • 1415 Cape Cod Way Concord, CA 1
    • 4 beds 2 baths ∙ 1,188 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,188 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1522 Rishell Dr #1 Concord, CA 2
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1972
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.88
    •  
  • 1448 Rosal Ln A Concord, CA 3
    • 3 beds 1 baths ∙ 1,163 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,163 Sqft ∙ Built 1950
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $2.11
    •  
  • 3931 Mulberry Dr Concord, CA 4
    • 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1956
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,599
    • $2.05
    •  
  • 4014 Royal Arch Ct Concord, CA 5
    • 4 beds 2 baths ∙ 1,460 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,460 Sqft ∙ Built 1960
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.99
    •  
PROPERTY LISTING DETAILS
Jason Moon
Keller Williams Realty
BESbswy