Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1620 American Beauty Dr Concord, CA 94521

3 Beds 2 Baths 1,722 sqft Built 1976

$725,000

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $421.02
  • 3 Days on Market
  • MLS # : CC40928408
  • Updated Date : 11/07/2020 at 04:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,722 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Amazing single-story home in the Rose Glen neighborhood of Concord. Rich wood-look laminate flooring in the main living areas. Large open floor plan with living room, separate dining room, and family room featuring an inviting floor to ceiling fireplace, vaulted beam ceiling and access to the backyard. Bright and airy feel with tons of natural light throughout. Kitchen features Silestone countertops, double pantry cabinets, recessed lighting, and breakfast bar seating. Spacious master bedroom with ensuite bath. Also, find two additional bedrooms and a 2nd shared bathroom. Spacious and private backyard features a large grass area and wrapping patio with covered pergola great for entertaining. Possible boat/RV parking. Minutes to multiple shopping options including walkable to The Vineyard shopping center. Close to K-12 schools.

SEE MORE

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
Ayers Elementary School Primary Regular 455 18 5
Pine Hollow Middle School Middle Regular 653 28 5
Clayton Valley Charter High School High Regular NA

Ayers Elementary School

  • Education Level: Primary
  • # of students: 455
  • # of teachers: 18
5
GreatSchools Rating

Pine Hollow Middle School

  • Education Level: Middle
  • # of students: 653
  • # of teachers: 28
5
GreatSchools Rating

Clayton Valley Charter High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$2,675
Property Tax -$778
Property Insurance -$69
Property Management Fees -$149
CASH FLOW
-$671

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.

$725,000

PROJECTED PRICE

$3,000

PROJECTED RENT

0.41%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$14,051

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,000

    LIST RENT
  • $1.74

    LIST RENT PER SQFT
  • $3,302

    COMP ESTIMATED VALUE
  • $1.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$3,0003$3,3954$3,5005$3,700
$3,700
RENT COMPS ANALYSIS
  • 1620 American Beauty Dr Concord, CA 2
    • 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.74
    •  
  • 4815 Eagle Way Concord, CA 1
    • 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 1977
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.73
    •  
  • 1007 Wild Oak Ct Concord, CA 3
    • 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1989
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.79
    •  
  • 1935 Hurtts St. Concord, CA 4
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1964
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.19
    •  
  • 1056 Oakleaf Ct Concord, CA 5
    • 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1988
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.96
    •  
PROPERTY LISTING DETAILS
Renee White
Keller Williams Realty
BESbswy