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1464 Dumaine St Concord, CA 94518

4 Beds 3 Baths 1,796 sqft Built 1997

INVESTimate

$695,000

List Price

$2,820

$2,570 - $3,070

Rent Est.

$745,179  ( +7.22%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $386.97
  • 7 Days on Market
  • MLS # : CC40917474
  • Updated Date : 08/23/2020 at 14:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,796 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Welcome to this beautiful, contemporary home featuring 4 bedrooms, 2.5 bathrooms, and 1,796 SF +/-. As you first enter your new home you will first be greeted by its tall ceilings, plentiful natural light, newer hardwood floors, and less than 1-year old HVAC system. The first floor is well plotted out with plenty of room for everyone featuring a spacious dining/formal living room combo and a well-appointed kitchen/family room combo. Upstairs you will find all of the bedrooms including the master suite and out back you will find enough room to spread out and relax or entertain with a retractable awning. Last, your new home is ideally located in a nearly cul-de-sac location, very near the neighborhood park, and provides ease of access to all of life's amenities including easy freeway access, access to Downton Concord and Pleasant Hill, and much more! Welcome home!

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
 

$625,500$764,500$695,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,564
Property Tax -$771
Property Insurance -$70
HOA -$83
Property Management Fees -$149
CASH FLOW
-$818

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.

$695,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.22%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,564

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$5,436

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
  • $2,820

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$3,1954$3,195
$3,195
RENT COMPS ANALYSIS
  • 1464 Dumaine St Concord, 1
    • 4 beds 3 baths ∙ 1,796 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,796 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1275 Oakshire Ct Walnut Creek, 2
    • 4 beds 3 baths ∙ 1,877 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,877 Sqft ∙ Built 1996
    property image
    LEASED 02/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.28
    •  
  • 2851 Saint Joseph Dr. Concord, 3
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1980
    property image
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.78
    •  
  • 894 Saint John Cir Concord, 4
    • 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1979
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.65
    •  
PROPERTY LISTING DETAILS
Ed Massey
Compass
BESbswy