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1428 Whitecliff Way Walnut Creek, CA 94596

4 Beds 3 Baths 2,092 sqft Built 1973

$1,295,000

List Price

$4,730

$4.5K - $5K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $619.02
  • 5 Days on Market
  • MLS # : CC40928090
  • Updated Date : 11/06/2020 at 13:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,092 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Updated home in Rudgear Estates with no rear neighbors & 3 car garage and beautiful Santo Mahogany hardwood flooring throughout. Welcoming living room with vaulted ceilings, separate dining area with built-in buffet hutch. Remodeled kitchen with shaker style cabinets, granite countertops built-in subzero refrigerator, gas range, & breakfast nook. Kitchen opens to the family room with fireplace, powder room & views of the backyard. Upstairs find a spacious master bedroom suite with oversized deck, updated ensuite bathroom and lots of closet space. Three additional large bedrooms and a shared updated bathroom complete the upper floor. Enjoy a private backyard with no rear neighbors & covered slate patio, a perfect spot to relax or entertain. Rudgear Estate is nested in over 30 acres of open space. Walkable to Rudgear Park and included community pool. Minutes to downtown Walnut Creek, Alamo Plaza, Highway 680 access. Top rated Walnut Creek schools.

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PRICE & RENT TRENDS

Neighborhood: Rudgear Estates

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1338k

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

Neighborhood: Rudgear Estates

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000320034003600380040004200Rent in $16714326

* 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
Murwood Elementary School Primary Regular 415 20 7
Walnutcreek Intermediate School Middle Regular 1,219 48 8
Las Lomas High School High Regular 1,541 75 9

Murwood Elementary School

  • Education Level: Primary
  • # of students: 415
  • # of teachers: 20
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
 

$1,165,500$1,424,500$1,295,000

PURCHASE PRICE

$4,257$5,203$4,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,730
EXPENSES Loan Payment -$4,778
Property Tax -$1,387
Property Insurance -$78
HOA -$684
Property Management Fees -$232
CASH FLOW
-$2,428

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.

$1,295,000

PROJECTED PRICE

$4,730

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$348,925

INVESTMENT

$348,925

Down Payment
$323,750
Rehab Estimate
$5,750
Closing Costs
$19,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,778

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $323,750
Loan Amount $971,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$74

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
  • $5,349

    COMP ESTIMATED VALUE
  • $2.56

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,5003$4,7504$6,500
$6,500
RENT COMPS ANALYSIS
  • 1428 Whitecliff Way Walnut Creek, CA 1
    • 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 52 Lancaster Ct Walnut Creek, CA 2
    • 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 1968
    property image
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.39
    •  
  • 1312 Mt View Blvd Walnut Creek, CA 3
    • 4 beds 3 baths ∙ 1,851 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,851 Sqft ∙ Built 1968
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $2.57
    •  
  • 121 Easy St Alamo, CA 4
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1957 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1957
    property image
    LEASED 06/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $2.71
    •  
PROPERTY LISTING DETAILS
Renee White
Keller Williams Realty
BESbswy