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1585 Eve Dr Concord, CA 94521

3 Beds 2 Baths 1,673 sqft Built 1965

$750,000

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $448.30
  • 2 Days on Market
  • MLS # : CC40929391
  • Updated Date : 11/21/2020 at 13:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,673 sqft
  • Baths : 2 full
Listing Agent

Weichert Realtors-america Fir

Listing Agent's Description

Beautifully updated 3 bedroom 2 bath rancher, sparkling pool, RV parking with hook ups! Kitchen has granite countertop and backsplash, stainless steel appliances and pantry for storage. The living room is spacious and bright, with hardwood laminate flooring perfect for entertaining as is the large cozy family room with brick fireplace. Roomy master suite has updated bathroom, nice shower with glass slider, vanity with granite top. Guest bathroom also stylishly updated with vanity and decorative shower. Bedrooms are large, perfect for kids or office. Laundry room has utility sink and cabinetry. Spacious yard has nicely stamped concrete patio with beautiful solar heated pool, accent lighting, large side yards for garden, dog run, storage shed. RV/boat area has electrical and sewer hook ups, Additional features, dual pane windows, hardwood laminate and title floors, security, satellite and well water for pool or landscape Close to schools, restaurants, shopping, and BART. Don't miss out!

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PRICE & RENT TRENDS

Zip Code: 94521

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1015k

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

Zip Code: 94521

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
Mountain View Elementary School Primary Regular 433 17 4
El Dorado Middle School Middle Regular 976 42 2
Concord High School High Regular 1,544 68 6

Mountain View Elementary School

  • Education Level: Primary
  • # of students: 433
  • # of teachers: 17
4
GreatSchools Rating

El Dorado Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 42
2
GreatSchools Rating

Concord High School

  • Education Level: High
  • # of students: 1,544
  • # of teachers: 68
6
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$2,767
Property Tax -$832
Property Insurance -$68
Property Management Fees -$149
CASH FLOW
-$1,026

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.

$750,000

PROJECTED PRICE

$2,790

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,838

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
  • $2,832

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$2,8004$3,1005$3,200
$3,200
RENT COMPS ANALYSIS
  • 1585 Eve Dr Concord, CA 1
    • 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4815 Eagle Way Concord, CA 2
    • 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 1977
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.73
    •  
  • 4430 Eagle Peak Rd Concord, CA 3
    • 4 beds 3 baths ∙ 1,496 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,496 Sqft ∙ Built 1977
    property image
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.87
    •  
  • 4348 Wilson Ln Concord, CA 4
    • 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1964
    property image
    LEASED 06/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.57
    •  
  • 4662 Greenbush Dr Concord, CA 5
    • 4 beds 2 baths ∙ 2,003 Sqft ∙ Built 1966 4 beds 2 baths ∙ 2,003 Sqft ∙ Built 1966
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.60
    •  
PROPERTY LISTING DETAILS
Barbara Dyer
Weichert Realtors-america Fir
BESbswy