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1521 Sandy Court. Antioch, CA 94509

3 Beds 2 Baths 1,245 sqft Built 1973

$425,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $341.37
  • 5 Days on Market
  • MLS # : EB40927498
  • Updated Date : 11/02/2020 at 14:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,245 sqft
  • Baths : 2 full
Listing Agent

Cal Bay Realty

Listing Agent's Description

This is a very well maintained and manicured home in a nice court location. The home has been freshly painted inside and out and has new flooring throughout excluding the bathrooms and kitchen. All Termite section one and two has been done. All Section one was done by Bongiorno Termite Control and section two by the owner. There was a death on the property within the last 3 years. The home sq.ft. is 1245 and the lot is 6480 sq.ft. There was a room addition that was done approximately 25 years ago. This addition was done without permits. The add on is 15 sq. ft. by 14 sq. ft. approximately and has a separate entrance. The home is close to Bart and freeway which is sure to please commuters. This is very nice home and a must see at this price!!!!

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PRICE & RENT TRENDS

Zip Code: 94509

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $190k1015k

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

Zip Code: 94509

ZipNIR Market*CityMarket2010Year20012019 Q21200140016001800200022002400260028003000Rent in $11393193

* 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
Kimball Elementary School Primary Regular 544 19 2
Antioch Middle School Middle Regular 759 28 1
Antioch High School High Regular 1,774 76 3

Kimball Elementary School

  • Education Level: Primary
  • # of students: 544
  • # of teachers: 19
2
GreatSchools Rating

Antioch Middle School

  • Education Level: Middle
  • # of students: 759
  • # of teachers: 28
1
GreatSchools Rating

Antioch High School

  • Education Level: High
  • # of students: 1,774
  • # of teachers: 76
3
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,568
Property Tax -$465
Property Insurance -$57
Property Management Fees -$149
CASH FLOW
-$419

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.

$425,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,750

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,820

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $1,818

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8203$2,0954$2,350
$2,350
RENT COMPS ANALYSIS
  • 1521 Sandy Court. Antioch, CA 2
    • 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.46
    •  
  • 1617 Somerset Pl Antioch, CA 1
    • 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 1986
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.31
    •  
  • 901 Basalt Way Antioch, CA 3
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1980
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.43
    •  
  • 313 Grangnelli Ave Antioch, CA 4
    • 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1991
    LEASED 06/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.64
    •  
PROPERTY LISTING DETAILS
Kathleen Estrada
Cal Bay Realty
BESbswy