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1561 Whitman Road Concord, CA 94518

3 Beds 2 Baths 1,939 sqft Built 1972

INVESTimate

$839,000

List Price

$3,400

$3,150 - $3,650

Rent Est.

$899,576  ( +7.22%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $432.70
  • 8 Days on Market
  • MLS # : CC40917393
  • Updated Date : 08/20/2020 at 09:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,939 sqft
  • Baths : 2 full
Listing Agent

Re/max Accord

Listing Agent's Description

Awesome single story rancher in desirable Colony Park! Great floor plan - move right in! 1,939 sq. ft. - 3 bedroom, 2 bath.� Large living and dining areas adjacent to kitchen and family room - Beautiful back yard and pool views! Floor to ceiling stone fireplace in family room.� Dual pane windows, new interior paint and carpet, some new fixtures. Expansive premium .29 acre level lot - Sparkling pool, patios, deck and cabana for gathering, relaxing and entertaining! �New pool equipment and upgrades, some new fencing, new water heater. Irrigation well and very large side yard with patio! Wonderfully maintained by original owner - 2 car attached garage - Private end of the road location - Potential RV parking!� Fabulous location close to Walnut Creek and Pleasant Hill borders - Easy access to shopping, freeway, trails, parks and BART!

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
Ygnacio Valley Elementary School Primary Regular 510 25 2
Oak Grove Middle School Middle Regular 695 40 1
Ygnacio Valley High School High Regular 1,134 53 4

Ygnacio Valley Elementary School

  • Education Level: Primary
  • # of students: 510
  • # of teachers: 25
2
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
 

$755,100$922,900$839,000

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$3,096
Property Tax -$931
Property Insurance -$74
Property Management Fees -$167
CASH FLOW
-$867

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.

$839,000

PROJECTED PRICE

$3,400

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$228,085

INVESTMENT

$228,085

Down Payment
$209,750
Rehab Estimate
$5,750
Closing Costs
$12,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,096

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $209,750
Loan Amount $629,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$11,187

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,400

    LIST RENT
  • $1.75

    LIST RENT PER SQFT
  • $3,849

    COMP ESTIMATED VALUE
  • $1.99

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1003$3,4004$3,8005$4,000
$4,000
RENT COMPS ANALYSIS
  • 1561 Whitman Road Concord, 3
    • 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.75
    •  
  • 934 Bancroft Rd Concord, 1
    • 4 beds 2 baths ∙ 1,616 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,616 Sqft ∙ Built 1973
    property image
    LEASED 03/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.86
    •  
  • 2360 La Salle Walnut Creek, 2
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1974
    property image
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.81
    •  
  • 1274 Claiborne Dr Walnut Creek, 4
    • 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 1964
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.15
    •  
  • 932 Kane Cir Walnut Creek, 5
    • 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 1965
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.12
    •  
PROPERTY LISTING DETAILS
Deborah Carter
Re/max Accord
BESbswy