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1807 Manzanita Dr Concord, CA 94519

4 Beds 2 Baths 1,578 sqft Built 1962

$689,000

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $436.63
  • 2 Days on Market
  • MLS # : CC40919349
  • Updated Date : 11/02/2020 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,578 sqft
  • Baths : 2 full
Listing Agent

Better Homes Realty

Listing Agent's Description

More photos once staged (9/9/20). Top choice Dana Estates! Beautifully updated, great floorplan! Walk to 3 levels of school, optional pool club (check for availability), and services. Five minutes to two BART stations. Features of this move-in ready home include: remodeled kitchen and baths, dual pane windows, laminate floors, central air conditioning, family room/office. All this and solar, too! Two-car drive-through garage. Too much to list - see attached home brochure.

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
Monte Gardens Elementary School Primary Magnet 555 20 9
El Dorado Middle School Middle Regular 976 42 2
Concord High School High Regular 1,544 68 6

Monte Gardens Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 20
9
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
 

$620,100$757,900$689,000

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$2,542
Property Tax -$765
Property Insurance -$65
Property Management Fees -$149
CASH FLOW
-$521

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.

$689,000

PROJECTED PRICE

$3,000

PROJECTED RENT

0.44%

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

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$188,335

INVESTMENT

$188,335

Down Payment
$172,250
Rehab Estimate
$5,750
Closing Costs
$10,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,542

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $172,250
Loan Amount $516,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$21,131

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
  • $3,184

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$2,9004$3,0005$3,400
$3,400
RENT COMPS ANALYSIS
  • 1807 Manzanita Dr Concord, CA 1
    • 4 beds 2 baths ∙ 1,578 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,578 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3876 Landana Ct Concord, CA 2
    • 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 3
    • 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
    •  
  • 3642 Lolita Dr Concord, CA 4
    • 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1950
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.05
    •  
  • 3978 Cottonwood Drive Concord, CA 5
    • 4 beds 3 baths ∙ 1,730 Sqft ∙ Built 1962 4 beds 3 baths ∙ 1,730 Sqft ∙ Built 1962
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.97
    •  
PROPERTY LISTING DETAILS
Cathy Turney
Better Homes Realty
BESbswy