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170 Sequoia Ave Walnut Creek, CA 94595

3 Beds 1 Baths 968 sqft Built 1952

$985,000

List Price

$3,210

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $1,017.56
  • 4 Days on Market
  • MLS # : CC40933535
  • Updated Date : 01/14/2021 at 13:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 968 sqft
  • Baths : 1 full
Listing Agent

Compass

Listing Agent's Description

Come home to this charming single story ranch home in the desirable Parkmead area. Located on a lovely tree-lined street and a cul-de-sac. Updated kitchen features a bright skylight, recessed lighting, stainless steel appliances and direct access to the backyard. Tastefully updated bathroom with a barn door, pedestal sink, reclaimed wood-look floor tile and a shower over tub with subway tile surround. Spacious family room with a fireplace and large picture window overlooking the beautiful front landscaping and wooded neighborhood. Dining area adjacent to the kitchen has a reclaimed barn wood style accent wall. Other features include hardwood floors throughout, dual pane windows and a large low maintenance yard with plenty of room to play, garden, relax and entertain guests. Attached garage with laundry and storage. RV/boat parking. Walking distance to community pool, downtown Walnut Creek, shopping and restaurants! A must see home in a prime location!

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PRICE & RENT TRENDS

Neighborhood: Parkmead

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Parkmead

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714076

* 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
Parkmead Elementary School Primary Regular 511 22 9
Walnutcreek Intermediate School Middle Regular 1,219 48 8
Las Lomas High School High Regular 1,541 75 9

Parkmead Elementary School

  • Education Level: Primary
  • # of students: 511
  • # of teachers: 22
9
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
 

$886,500$1,083,500$985,000

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$3,421
Property Tax -$1,008
Property Insurance -$51
Property Management Fees -$157
CASH FLOW
-$1,427

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.

$985,000

PROJECTED PRICE

$3,210

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.7%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$266,775

INVESTMENT

$266,775

Down Payment
$246,250
Rehab Estimate
$5,750
Closing Costs
$14,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,421

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $246,250
Loan Amount $738,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$347

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
  • $2,998

    COMP ESTIMATED VALUE
  • $3.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$3,7454$3,950
$3,950
RENT COMPS ANALYSIS
  • 170 Sequoia Ave Walnut Creek, CA 1
    • 3 beds 1 baths ∙ 968 Sqft ∙ Built 1952 3 beds 1 baths ∙ 968 Sqft ∙ Built 1952
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10 Carolyn Ct Lafayette, CA 2
    • 4 beds 2 baths ∙ 1,074 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,074 Sqft ∙ Built 1951
    property image
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $3.26
    •  
  • 928 Janet Ln Lafayette, CA 3
    • 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1950
    property image
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,745
    • $2.87
    •  
  • 3252 Judith Ln Lafayette, CA 4
    • 3 beds 2 baths ∙ 1,251 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,251 Sqft ∙ Built 1961
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $3.16
    •  
PROPERTY LISTING DETAILS
Justin Bundy
Compass
BESbswy