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1909 Magnolia Way Walnut Creek, CA 94595

3 Beds 2 Baths 1,536 sqft Built 1951

$1,100,000

List Price

$3,450

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1951
  • Price/Sqft : $716.15
  • 4 Days on Market
  • MLS # : CC40928204
  • Updated Date : 11/06/2020 at 10:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,536 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Perfect Parkmead three bedroom, two bathroom home in this highly desirable neighborhood with wonderful curb appeal. The entry welcomes you into a cozy living room with fireplace and open to the dining area. Floor plan flows into the light filled kitchen and additional family room with slider access to the gorgeous backyard. This amazing backyard has a sparkling pool and multiple patios perfect for outdoor living surrounded by wonderful artificial turf for a low maintenance private park like yard! Three nice bedrooms including the primary suite with lovely French doors to the backyard, oversized dual closets and large en-suite bathroom. This home has plantation shutters, fresh neutral paint throughout and new carpet. Meticulously maintained and so well loved! Great location with close proximity to schools and desirable downtown Walnut Creek with endless dining and shopping.

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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
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,105$3,795$3,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,450
EXPENSES Loan Payment -$4,059
Property Tax -$1,126
Property Insurance -$64
Property Management Fees -$169
CASH FLOW
-$1,968

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.

$1,100,000

PROJECTED PRICE

$3,450

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$106

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
  • $3,574

    COMP ESTIMATED VALUE
  • $2.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,8004$4,500
$4,500
RENT COMPS ANALYSIS
  • 1909 Magnolia Way Walnut Creek, CA 1
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1 Lincolnshire Ct Lafayette, CA 2
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1952
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.19
    •  
  • 1028 Leland Dr Lafayette, CA 3
    • 4 beds 2 baths ∙ 1,582 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,582 Sqft ∙ Built 1962
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.40
    •  
  • 52 Lancaster Ct Walnut Creek, CA 4
    • 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 1968
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.39
    •  
PROPERTY LISTING DETAILS
Desiree Bilich
Keller Williams Realty
BESbswy