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1840 Leo Ln Concord, CA 94521

4 Beds 2 Baths 1,959 sqft Built 1978

$699,995

List Price

$3,030

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
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.

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
Ayers Elementary School Primary Regular 455 18 5
Pine Hollow Middle School Middle Regular 653 28 5
Clayton Valley Charter High School High Regular NA

Ayers Elementary School

  • Education Level: Primary
  • # of students: 455
  • # of teachers: 18
5
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
 

$629,996$769,995$699,995

PURCHASE PRICE

$2,727$3,333$3,030

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,249

INVESTMENT

$191,249

Down Payment
$174,999
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,999
Loan Amount $524,996
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,286

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9503$2,9954$3,0005$3,200
$3,200
RENT COMPS ANALYSIS
  • 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
Todd Goforth
Keller Williams Realty
BESbswy