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1770 Woodside Ct Concord, CA 94519

4 Beds 3 Baths 2,194 sqft Built 1969

$735,000

List Price

$3,610

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $335.00
  • 7 Days on Market
  • MLS # : CC40929518
  • Updated Date : 11/18/2020 at 08:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,194 sqft
  • Baths : 2 full , 1 half
Listing Agent

Old Harbour Company

Listing Agent's Description

In the 1970's, many Custom Homes were designed & built for the comfort & enjoyment of large families. Architects & Home Designers often say that wide spacious lots provide the best canvas for big, vast Front Elevations. This Rambling Rancher incorporates both. Behind the double entry-way doors is a wide-open hardwood landing. Living Rm/Dining Rm area is large with volume ceilings. The Family Rm/Den with its roaring fireplace is equally spacious. In fact every public room including Kitchen & Laundry area is extensive and all bedrooms are oversized by todays standards. What a wonderful home for family living & entertaining. With the TLC this home will receive, there should be substantial upside potential in the near future. This house is well-built with Cedar floors, dual pane windows & a 2 car + garage. There are several fruit-bearing trees and a built-in Brick Grill in the backyard. Come live the good life on Woodside Ct, one of the most desirable addresses in Concord.

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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
 

$661,500$808,500$735,000

PURCHASE PRICE

$3,249$3,971$3,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,610
EXPENSES Loan Payment -$2,712
Property Tax -$816
Property Insurance -$80
Property Management Fees -$177
CASH FLOW
-$175

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.

$735,000

PROJECTED PRICE

$3,610

PROJECTED RENT

0.49%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$200,525

INVESTMENT

$200,525

Down Payment
$183,750
Rehab Estimate
$5,750
Closing Costs
$11,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,712

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $183,750
Loan Amount $551,250
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$58,892

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
  • $3,554

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,250
$3,250
RENT COMPS ANALYSIS
  • 1770 Woodside Ct Concord, CA 1
    • 4 beds 3 baths ∙ 2,194 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,194 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4662 Greenbush Dr Concord, CA 2
    • 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
    •  
  • 4348 Wilson Ln Concord, CA 3
    • 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
Nicholas White
Old Harbour Company
BESbswy