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1766 Landana Dr Concord, CA 94519

3 Beds 2 Baths 1,190 sqft Built 1955

$650,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $546.22
  • 5 Days on Market
  • MLS # : CC40930779
  • Updated Date : 12/03/2020 at 13:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,190 sqft
  • Baths : 1 full , 1 half
Listing Agent

Re/max Accord

Listing Agent's Description

Welcome home to this beautiful 3 bedroom, 1.5 bath single story in established Concord neighborhood. Updated, open kitchen with granite counters, island, and stainless steel appliances. Kitchen opens to welcoming family room with stunning stone fireplace surround. Hardwood floors throughout most of the house. Updated baths. Modern light fixtures. One bedroom has wall to wall built in shelving. Spacious backyard features large patio and space for entertaining and gardening. Dual pane windows. Leased solar. Close to, schools, restaurants and shopping. Easy access to Hwy 4 and Downtown Concord.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dana Estates

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1029k

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

Neighborhood: Dana Estates

NeighborhoodNIR 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
Westwood Elementary School Primary Regular 363 17 3
El Dorado Middle School Middle Regular 976 42 2
Concord High School High Regular 1,544 68 6

Westwood Elementary School

  • Education Level: Primary
  • # of students: 363
  • # of teachers: 17
3
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
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$2,398
Property Tax -$721
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
-$815

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.

$650,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.0%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,056

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $2.11

    LIST RENT PER SQFT
  • $2,362

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5103$2,5994$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 1766 Landana Dr Concord, CA 2
    • 3 beds 2 baths ∙ 1,190 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,190 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $2.11
    •  
  • 1827 Kenwood Dr Concord, CA 1
    • 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1963
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.84
    •  
  • 3931 Mulberry Dr Concord, CA 3
    • 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1956
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,599
    • $2.05
    •  
  • 3876 Landana Ct Concord, CA 4
    • 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1964
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.06
    •  
  • 4014 Royal Arch Ct Concord, CA 5
    • 4 beds 2 baths ∙ 1,460 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,460 Sqft ∙ Built 1960
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.99
    •  
PROPERTY LISTING DETAILS
Erin Anderson
Re/max Accord
BESbswy