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1556 Sandy Way Antioch, CA 94509

3 Beds 2 Baths 1,500 sqft Built 1974

$388,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $258.67
  • 3 Days on Market
  • MLS # : BE40930445
  • Updated Date : 11/27/2020 at 15:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,500 sqft
  • Baths : 2 full
Listing Agent

World Premier Realty

Listing Agent's Description

This property has 3 bedroom and 2 Bath great for first time home buyers or investors. Great location, close to many amenities, easy access to Hwy 160 and Freeway 4.

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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
 

$349,200$426,800$388,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,432
Property Tax -$435
Property Insurance -$63
Property Management Fees -$149
CASH FLOW
$71

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.

$388,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.55%

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$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,570

INVESTMENT

$108,570

Down Payment
$97,000
Rehab Estimate
$5,750
Closing Costs
$5,820

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,432

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,000
Loan Amount $291,000
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$54,642

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
  • $2,310

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0953$2,1954$2,3505$2,500
$2,500
RENT COMPS ANALYSIS
  • 1556 Sandy Way Antioch, CA 1
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 901 Basalt Way Antioch, CA 2
    • 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
    •  
  • 2237 Brazil Dr Antioch, CA 3
    • 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 1994
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.59
    •  
  • 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
    •  
  • 301 Robert St Antioch, CA 5
    • 3 beds 1 baths ∙ 1,664 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,664 Sqft ∙ Built 1955
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.50
    •  
PROPERTY LISTING DETAILS
Jose Daniel Bermejo
World Premier Realty
BESbswy