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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Zip Code: 94521
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 94521
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$206,885
LOAN DETAILS
$2,800
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $189,750 |
| Loan Amount | $569,250 |
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.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,982
COMP ESTIMATED VALUE -
$1.65
COMP AVG. RENT PER SQFT
Comps Range
-
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
Re/max Accord
