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1866 Poplar Drive Walnut Creek, CA 94595

2 Beds 2 Baths 1,100 sqft Built 1952

INVESTimate

$985,000

List Price

$2,870

$2,620 - $3,120

Rent Est.

$1,080,151  ( +9.66%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1952
  • Price/Sqft : $895.45
  • 6 Days on Market
  • MLS # : CC40914608
  • Updated Date : 08/24/2020 at 16:29
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,100 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

FABULOUS VIEWS in Parkmead! This single level home offers an open flow, excellent light, a spacious master suite (with VIEWS), hardwood floors, an updated kitchen with island and stainless steel appliances and VIEWS that will lower your blood pressure and cause you to pause! The outdoor living is spectacular and provides a sense of serenity that you must see to appreciate. An INCREDIBLE BASEMENT SPACE of approx. 540 SF is perfect for a large home office, gym, studio, etc - and it has the views to go with it. Level side pad makes a great spot for a shed or other uses. All this and it's super close to fabulous downtown WC, grades K-12 of excellent schools, the 680/24 interchange, BART and Kaiser hospital. Shown by Appt Only.

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PRICE & RENT TRENDS

Neighborhood: Parkmead

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Parkmead

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714076

* 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
Parkmead Elementary School Primary Regular 511 22 9
Walnutcreek Intermediate School Middle Regular 1,219 48 8
Las Lomas High School High Regular 1,541 75 9

Parkmead Elementary School

  • Education Level: Primary
  • # of students: 511
  • # of teachers: 22
9
GreatSchools Rating

Walnutcreek Intermediate School

  • Education Level: Middle
  • # of students: 1,219
  • # of teachers: 48
8
GreatSchools Rating

Las Lomas High School

  • Education Level: High
  • # of students: 1,541
  • # of teachers: 75
9
GreatSchools Rating
 

$886,500$1,083,500$985,000

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$3,634
Property Tax -$1,008
Property Insurance -$54
Property Management Fees -$149
CASH FLOW
-$1,975

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.

$985,000

PROJECTED PRICE

$2,870

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.66%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$266,775

INVESTMENT

$266,775

Down Payment
$246,250
Rehab Estimate
$5,750
Closing Costs
$14,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$3,634

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $246,250
Loan Amount $738,750
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$41

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
  • $1,899

    COMP ESTIMATED VALUE
  • $1.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,4504$3,500
$3,500
RENT COMPS ANALYSIS
  • 1866 Poplar Drive Walnut Creek, 1
    • 2 beds 2 baths ∙ 1,100 Sqft ∙ Built 1952 2 beds 2 baths ∙ 1,100 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 172 Sierra Dr 3 Walnut Creek, 2
    • 2 beds 2 baths ∙ 1,200 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,200 Sqft ∙ Built 1970
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.00
    •  
  • 188 Lancaster Rd Fron Walnut Creek, 3
    • 2 beds 2 baths ∙ 1,124 Sqft ∙ Built 1949 2 beds 2 baths ∙ 1,124 Sqft ∙ Built 1949
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.29
    •  
  • 31 Lacassie Court Walnut Creek, 4
    • 2 beds 1 baths ∙ 900 Sqft ∙ Built 1949 2 beds 1 baths ∙ 900 Sqft ∙ Built 1949
    LEASED 06/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $3.89
    •  
PROPERTY LISTING DETAILS
Antonia Quanstrom
Compass
BESbswy