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1671 Matheson Rd Concord, CA 94521

3 Beds 2 Baths 1,450 sqft Built 1959

$669,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $461.38
  • 2 Days on Market
  • MLS # : CC40933756
  • Updated Date : 01/09/2021 at 15:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,450 sqft
  • Baths : 2 full
Listing Agent

Dudum Real Estate Group

Listing Agent's Description

Ranch home nicely set back off the street with exceptionally long driveway and additional RV/Boat parking. Updated / beautiful kitchen with white cabinets, quartz counters, new stainless steel appliances and recessed lighting. Open feel throughout with hard wood and laminate floors, dual view wood burning fireplace and abundance of natural light. bathrooms with wide plank floors ,new light fixtures, mirrors and faucets. Detached two car garage with covered breezeway. Schedule showing with Calendly.

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
Silverwood Elementary School Primary Regular 456 20 8
Pine Hollow Middle School Middle Regular 653 28 5
Clayton Valley Charter High School High Regular NA

Silverwood Elementary School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 20
8
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
 

$602,100$735,900$669,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$2,324
Property Tax -$743
Property Insurance -$62
Property Management Fees -$149
CASH FLOW
-$557

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.

$669,000

PROJECTED PRICE

$2,720

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$183,035

INVESTMENT

$183,035

Down Payment
$167,250
Rehab Estimate
$5,750
Closing Costs
$10,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $167,250
Loan Amount $501,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$12,437

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
  • $2,730

    COMP ESTIMATED VALUE
  • $1.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,7004$2,7005$2,950
$2,950
RENT COMPS ANALYSIS
  • 1671 Matheson Rd Concord, CA 1
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1522 Rishell Dr #1 Concord, CA 2
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1972
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.88
    •  
  • 4217 Dubhe Ct Concord, CA 3
    • 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 1977
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.13
    •  
  • 4815 Eagle Way Concord, CA 4
    • 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
    •  
  • 4242 Brentwood Cir Concord, CA 5
    • 4 beds 2 baths ∙ 1,646 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,646 Sqft ∙ Built 1962
    property image
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.79
    •  
PROPERTY LISTING DETAILS
Joe Dajani
Dudum Real Estate Group
BESbswy