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

1625 Lynwood Drive Concord, CA 94521

3 Beds 2 Baths 1,807 sqft Built 1963

$759,000

List Price

$2,940

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $420.03
  • 6 Days on Market
  • MLS # : CC40929975
  • Updated Date : 12/04/2020 at 22:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,807 sqft
  • Baths : 2 full
Listing Agent

Re/max Accord

Listing Agent's Description

This wonderful 1807 SqFt home backs up to the designated regional park open space, with tranquil views and serenity in your back yard! Not located in Dana Estates neighborhood, but on the quiet, private area of Lynwood Drive located at the end of Denkinger Road. The Master is a spacious suite, created by an addition that is fully permitted and includes built in cabinetry and two closets. Master bath boasts dual sinks and enlarged shower. Second bath is upgraded and features a large soaking jacuzzi tub and dual sinks. Tankless hot water heater. Dual Pane windows. Energy efficient solar panels. Fresh paint in most areas of the house! The living room offers a cozy fireplace and slider to the backyard. Attractive shed and garden area as well. Walking distance to a beautiful park. Don't miss the opportunity to turn this house into your dream home!

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
Westwood Elementary School Primary Regular 363 17 3
El Dorado Middle School Middle Regular 976 42 2
Concord High School High Regular 1,544 68 6

Westwood Elementary School

  • Education Level: Primary
  • # of students: 363
  • # of teachers: 17
3
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
 

$683,100$834,900$759,000

PURCHASE PRICE

$2,646$3,234$2,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,940
EXPENSES Loan Payment -$2,800
Property Tax -$842
Property Insurance -$71
Property Management Fees -$149
CASH FLOW
-$923

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.

$759,000

PROJECTED PRICE

$2,940

PROJECTED RENT

0.39%

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$15k

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$206,885

INVESTMENT

$206,885

Down Payment
$189,750
Rehab Estimate
$5,750
Closing Costs
$11,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,800

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $189,750
Loan Amount $569,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,879

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
  • $2,982

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9503$3,1004$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 1625 Lynwood Drive Concord, CA 1
    • 3 beds 2 baths ∙ 1,807 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,807 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4242 Brentwood Cir Concord, CA 2
    • 4 beds 2 baths ∙ 1,646 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,646 Sqft ∙ Built 1962
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.79
    •  
  • 4348 Wilson Ln Concord, CA 3
    • 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1964
    LEASED 06/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.57
    •  
  • 4662 Greenbush Dr Concord, CA 4
    • 4 beds 2 baths ∙ 2,003 Sqft ∙ Built 1966 4 beds 2 baths ∙ 2,003 Sqft ∙ Built 1966
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.60
    •  
  • 1729 Fairwood Drive Concord, CA 5
    • 4 beds 2 baths ∙ 1,949 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,949 Sqft ∙ Built 1966
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.64
    •  
PROPERTY LISTING DETAILS
Karen Heisinger
Re/max Accord
BESbswy