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1719 Berrywood Ct Concord, CA 94521

4 Beds 3 Baths 1,974 sqft Built 1968

INVESTimate

$720,000

List Price

$3,120

$2,870 - $3,370

Rent Est.

$777,456  ( +7.98%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1968
  • Price/Sqft : $364.74
  • 6 Days on Market
  • MLS # : CC40917791
  • Updated Date : 08/22/2020 at 17:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,974 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dudum Real Estate Group

Listing Agent's Description

Love where you Live! This home is located on a quite cul-de-sac in a great Concord neighborhood. Working from home just got a lot better. With 4 bedrooms you now have enough room for a dedicated office. Want to take your work outside, you will love the nearly quarter acre of quiet and privacy with a pristine pool giving you a much needed break from your daily routine. The kitchen has newer granite countertops, appliances as well as newer flooring throughout the entire home. You are just minutes from shopping, restaurants and short drive to BART and freeway. Can you see yourself living here and loving it?

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
 

$648,000$792,000$720,000

PURCHASE PRICE

$2,808$3,432$3,120

RENT

DOWN PAYMENT
FINANCING

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$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,120
EXPENSES Loan Payment -$2,656
Property Tax -$799
Property Insurance -$75
Property Management Fees -$153
CASH FLOW
-$563

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.

$720,000

PROJECTED PRICE

$3,120

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.98%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$196,550

INVESTMENT

$196,550

Down Payment
$180,000
Rehab Estimate
$5,750
Closing Costs
$10,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,656

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $180,000
Loan Amount $540,000
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$20,533

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
  • $3,292

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9503$3,2004$3,2005$3,250
$3,250
RENT COMPS ANALYSIS
  • 1719 Berrywood Ct Concord, 1
    • 4 beds 3 baths ∙ 1,974 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,974 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4242 Brentwood Cir Concord, 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
    •  
  • 4662 Greenbush Dr Concord, 3
    • 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, 4
    • 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
    •  
  • 4348 Wilson Ln Concord, 5
    • 5 beds 2 baths ∙ 1,976 Sqft ∙ Built 1964 5 beds 2 baths ∙ 1,976 Sqft ∙ Built 1964
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.64
    •  
PROPERTY LISTING DETAILS
Brett Barnes
Dudum Real Estate Group
BESbswy