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17 Vista Hermosa Walnut Creek, CA 94597

4 Beds 4 Baths 2,442 sqft Built 1954

$1,350,000

List Price

$4,520

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $552.83
  • 3 Days on Market
  • MLS # : CC40928252
  • Updated Date : 11/14/2020 at 13:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,442 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker

Listing Agent's Description

Contractors own home. Don't miss this gorgeous custom home featuring a gourmet kitchen with new countertops and open floor plan to large dining and living area with cozy fireplace. Highlighted by wood flooring, and custom accents throughout all bathrooms are updated, and modern, and there is a large master suite. The entire home was torn down to the studs and remodeled in the late 90's with additional updates over the years. There are Mt. Diablo and city views from the main living area, and back deck, plus a large lushly landscaped lot with an expansive lawn area. The home is conveniently located close to the core downtown shops and restaurants, BART, freeway accesses, and within the highly coveted Walnut Creek schools.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Hill

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: The Hill

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714138

* 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
Buena Vista Elementary School Primary Regular 546 24 7
Walnutcreek Intermediate School Middle Regular 1,219 48 8
Las Lomas High School High Regular 1,541 75 9

Buena Vista Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 24
7
GreatSchools Rating

Walnutcreek Intermediate School

  • Education Level: Middle
  • # of students: 1,219
  • # of teachers: 48
8
GreatSchools Rating

Las Lomas High School

  • Education Level: High
  • # of students: 1,541
  • # of teachers: 75
9
GreatSchools Rating
 

$1,215,000$1,485,000$1,350,000

PURCHASE PRICE

$4,068$4,972$4,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,520
EXPENSES Loan Payment -$4,981
Property Tax -$1,446
Property Insurance -$86
Property Management Fees -$221
CASH FLOW
-$2,214

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.

$1,350,000

PROJECTED PRICE

$4,520

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$363,500

INVESTMENT

$363,500

Down Payment
$337,500
Rehab Estimate
$5,750
Closing Costs
$20,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,981

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $337,500
Loan Amount $1,012,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$230

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,520

    LIST RENT
  • $1.85

    LIST RENT PER SQFT
  • $4,628

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$3,900
1$3,9002$4,5203$5,450
$5,450
RENT COMPS ANALYSIS
  • 17 Vista Hermosa Walnut Creek, CA 2
    • 4 beds 4 baths ∙ 2,442 Sqft ∙ Built 1954 4 beds 4 baths ∙ 2,442 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $4,520
    • $1.85
    •  
  • 32 Willow Ave Walnut Creek, CA 1
    • 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1949 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1949
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.61
    •  
  • 150 Margarido Dr Walnut Creek, CA 3
    • 5 beds 4 baths ∙ 2,500 Sqft ∙ Built 1972 5 beds 4 baths ∙ 2,500 Sqft ∙ Built 1972
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,450
    • $2.18
    •  
PROPERTY LISTING DETAILS
Steven Monasch
Coldwell Banker
BESbswy