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1882 Granada Drive Concord, CA 94519

3 Beds 2 Baths 1,177 sqft Built 1949

$649,900

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1949
  • Price/Sqft : $552.17
  • 5 Days on Market
  • MLS # : CC40932086
  • Updated Date : 12/18/2020 at 09:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,177 sqft
  • Baths : 2 full
Listing Agent

J. Rockcliff Realtors Inc

Listing Agent's Description

This Monte Gardens ranch style three bedroom and two updated bath home is situated on a premium and flat approximately 10,000 square feet lot lined with fruit trees. The intimate home is charmed with crown molding throughout and accented with dual pane bay and garden windows, skylights, and French doors. The updated kitchen is glistening with stainless steel appliances, a pantry, pull out drawers, and solid counter tops. A desirable size laundry room makes for a bonus. Another great addition is the detached workshop/art studio, whichever you prefer. The beautifully landscaped backyard oasis is an entertainer's dream The substantial lot has room for either an RV or boat parking. Walking distance to schools, Willow Pass Community Park, shops and restaurants and a short five minute drive to Concord BART and lovely downtown Concord! This one will not last!

SEE MORE

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
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
 

$584,910$714,890$649,900

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$2,398
Property Tax -$721
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
-$574

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.

$649,900

PROJECTED PRICE

$2,750

PROJECTED RENT

0.42%

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

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$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$14,815

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,750

    LIST RENT
  • $2.34

    LIST RENT PER SQFT
  • $2,289

    COMP ESTIMATED VALUE
  • $1.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7003$2,7504$2,8005$3,000
$3,000
RENT COMPS ANALYSIS
  • 1882 Granada Drive Concord, CA 3
    • 3 beds 2 baths ∙ 1,177 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,177 Sqft ∙ Built 1949
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.34
    •  
  • 1827 Kenwood Dr Concord, CA 1
    • 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1963
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.84
    •  
  • 3648 Granzotto Concord, CA 2
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1950
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.83
    •  
  • 3876 Landana Ct Concord, CA 4
    • 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
    •  
  • 3642 Lolita Dr Concord, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Lisa Doyle
J. Rockcliff Realtors Inc
BESbswy