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1680 La Bonita Way Concord, CA 94519

2 Beds 1 Baths 1,045 sqft Built 1947

$624,888

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1947
  • Price/Sqft : $597.98
  • 6 Days on Market
  • MLS # : CC40927926
  • Updated Date : 11/03/2020 at 15:38
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,045 sqft
  • Baths : 1 full
Listing Agent

Compass

Listing Agent's Description

Lovely two bedroom one bathroom home with a quiet court location and no rear neighbors. This home sits on a large lot, has original hardwood floors, dual pane windows, and a completely remodeled bathroom. There is a bonus office and a galley kitchen. Don't miss this home with a ton of charm!

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PRICE & RENT TRENDS

Zip Code: 94519

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Zip Code: 94519

ZipNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14543193

* 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
Wren Avenue Elementary School Primary Regular 544 20 4
El Dorado Middle School Middle Regular 976 42 2
Concord High School High Regular 1,544 68 6

Wren Avenue Elementary School

  • Education Level: Primary
  • # of students: 544
  • # of teachers: 20
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
 

$562,399$687,377$624,888

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$2,306
Property Tax -$694
Property Insurance -$52
Property Management Fees -$149
CASH FLOW
-$1,071

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.

$624,888

PROJECTED PRICE

$2,130

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
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

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$171,345

INVESTMENT

$171,345

Down Payment
$156,222
Rehab Estimate
$5,750
Closing Costs
$9,373

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,222
Loan Amount $468,666
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$114

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
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 1680 La Bonita Way Concord, CA
    • 2 beds 1 baths ∙ 1,045 Sqft ∙ Built 1947 2 beds 1 baths ∙ 1,045 Sqft ∙ Built 1947
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
PROPERTY LISTING DETAILS
Lynne French
Compass
BESbswy