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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $357.32
- 3 Days on Market
- MLS # : CC40930193
- Updated Date : 12/04/2020 at 14:06
CONSTRUCTION
- Beds : 4
- Floor Size : 1,959 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Rare opportunity to own a home in the desirable Ayers Ranch neighborhood in Concord (94521). Choose the high school of your liking, including top-rated Northgate High School in Walnut Creek! Situated on a nearly 1/4 acre lot down a charming cul de sac, this home features 4 bedrooms and 2 bathrooms, with over 1,950 sqft of living space. Relax in the backyard while enjoying the privacy of NO rear neighbors! Upon entry you are greeted with a bright and airy living room, tons of space to entertain guests. The eat-in kitchen features granite countertops and flows into a sizable family room with backyard access and a welcoming brick fireplace - perfect during the holiday season! The master bathroom has extra storage space and a skylight above the vanity, providing natural light. The sweeping front yard offers a blank canvas for a garden, fire pit, play structure or an addition. Short walk to concerts at the Concord pavilion! Minutes from Clayton Valley shopping center shops & restaurants.
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PRICE & RENT TRENDS
Zip Code: 94521
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 94521
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,030 |
| EXPENSES | Loan Payment | -$2,583 |
| Property Tax | -$751 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$149 | |
|
CASH FLOW
-$527
|
||
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.
$699,995
PROJECTED PRICE
$3,030
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 8.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$191,249
LOAN DETAILS
$2,583
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $174,999 |
| Loan Amount | $524,996 |
3.25
YEARS SAVED
$21,597
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,286
COMP ESTIMATED VALUE -
$1.68
COMP AVG. RENT PER SQFT
Comps Range
-
1840 Leo Ln Concord, CA 1
- 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5162 Muirfield Ln Concord, CA 2
- 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 1990
LEASED 09/12/20- Rent
- Rent Per SQFT
- $2,950
- $1.80
-
1284 New Hampshire Dr Concord, CA 3
- 4 beds 3 baths ∙ 1,898 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,898 Sqft ∙ Built 1976
LEASED 10/25/19- Rent
- Rent Per SQFT
- $2,995
- $1.58
-
5324 Myrtle Dr Concord, CA 4
- 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1975
LEASED 03/02/20- Rent
- Rent Per SQFT
- $3,000
- $1.75
-
5569 Southbrook Drive Clayton, CA 5
- 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 1965 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 1965
LEASED 10/24/19- Rent
- Rent Per SQFT
- $3,200
- $1.58
PROPERTY LISTING DETAILS
Keller Williams Realty
