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1421 Mohr Ct Concord, CA 94518

3 Beds 2 Baths 1,626 sqft Built 1958

$800,000

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $492.00
  • 6 Days on Market
  • MLS # : CC40932803
  • Updated Date : 12/30/2020 at 17:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,626 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Wow! Check out this single story home on a large flat lot! Privately located in a court, this home has three bedrooms, two full bathrooms, plus a bonus room! The HVAC system, including ducting, is all new 2019. There's plenty of storage in the oversized two-car garage to help keep you organized. The huge rear yard has an outbuilding plus room for a garden, pool, or even an ADU (Accessary Dwelling Unit - Check with the City) There is also a private well, served with a new filtration system to keep the water soft and clean! Spread out and relax in your future Concord estate. This home will not last!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94518

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1026k

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

Zip Code: 94518

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
Fair Oaks Elementary School Primary Regular 403 16 3
Oak Grove Middle School Middle Regular 695 40 1
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

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
 

$720,000$880,000$800,000

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$2,952
Property Tax -$888
Property Insurance -$66
Property Management Fees -$158
CASH FLOW
-$844

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.

$800,000

PROJECTED PRICE

$3,220

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.2%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,750

INVESTMENT

$217,750

Down Payment
$200,000
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $200,000
Loan Amount $600,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$9,860

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
  • $3,256

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9953$3,1004$3,8005$4,150
$4,150
RENT COMPS ANALYSIS
  • 1421 Mohr Ct Concord, CA 1
    • 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1613 Countrywood Ct Walnut Creek, CA 2
    • 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 1973
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.91
    •  
  • 2360 La Salle Walnut Creek, CA 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
    •  
  • 1274 Claiborne Dr Walnut Creek, CA 4
    • 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
    •  
  • 2366 Parish Drive Walnut Creek, CA 5
    • 4 beds 3 baths ∙ 1,941 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,941 Sqft ∙ Built 1964
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $2.14
    •  
PROPERTY LISTING DETAILS
Ronni Collmer
Keller Williams Realty
BESbswy