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148 Ludell Dr Walnut Creek, CA 94597

3 Beds 2 Baths 1,302 sqft Built 1961

$879,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1961
  • Price/Sqft : $675.12
  • 3 Days on Market
  • MLS # : MR40926920
  • Updated Date : 11/01/2020 at 03:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,302 sqft
  • Baths : 2 full
Listing Agent

Keller Williams San Francisco

Listing Agent's Description

Ludell Charmer! Enjoy the spacious feel of this low maintenance ranch style corner home. Quiet area. 3 bedrooms and 2 bathrooms with separate living room and family room. 2 car garage. Plenty of outdoor space to spread out. Close to great restaurants, shops, trails, and minutes away from the Pleasant Hill Bart. Easy access to the freeways. Come visit and see why this home is meant for you.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94597

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Zip Code: 94597

ZipNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714076

* 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
Pleasant Hill Middle School Middle Regular 972 39 6
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

Pleasant Hill Middle School

  • Education Level: Middle
  • # of students: 972
  • # of teachers: 39
6
GreatSchools Rating

Ygnacio Valley High School

  • Education Level: High
  • # of students: 1,134
  • # of teachers: 53
4
GreatSchools Rating
 

$791,100$966,900$879,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$3,243
Property Tax -$959
Property Insurance -$59
Property Management Fees -$149
CASH FLOW
-$1,360

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.

$879,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.7%
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

PROJECTED ANNUAL CASH FLOW

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

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$238,685

INVESTMENT

$238,685

Down Payment
$219,750
Rehab Estimate
$5,750
Closing Costs
$13,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,243

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $219,750
Loan Amount $659,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$341

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
  • $3,037

    COMP ESTIMATED VALUE
  • $2.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$3,0004$3,2005$3,750
$3,750
RENT COMPS ANALYSIS
  • 148 Ludell Dr Walnut Creek, CA 1
    • 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2716 Oak Road 97 Walnut Creek, CA 2
    • 3 beds 2 baths ∙ 1,181 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,181 Sqft ∙ Built 1972
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.29
    •  
  • 3240 Hudson Ave Walnut Creek, CA 3
    • 3 beds 1 baths ∙ 1,283 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,283 Sqft ∙ Built 1948
    LEASED 05/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.34
    •  
  • 3216 Rogers Ave Walnut Creek, CA 4
    • 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1948
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.39
    •  
  • 132 Calle Nogales Walnut Creek, CA 5
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1962
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.31
    •  
PROPERTY LISTING DETAILS
Fatemah Nikchehi
Keller Williams San Francisco
BESbswy