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1909 Springridge Court Concord, CA 94521

4 Beds 3 Baths 2,505 sqft Built 1993

$879,000

List Price

$3,700

$3.5K - $4K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $350.90
  • 5 Days on Market
  • MLS # : CC40933443
  • Updated Date : 01/14/2021 at 16:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,505 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Drysdale Properties

Listing Agent's Description

Spacious floor plan vaulted ceilings & dual pane windows. Inviting living room w/ plantation shutters, carpet flooring & a formal dining area. Large kitchen w/ample cabinets, tile countertops, an island, recessed lights, dining area, laminate flooring, as well as a refrigerator, dishwasher, gas cooktop, & a built-in microwave & oven. Family room w/ a wood-burning fireplace, wet bar, carpet floor & access to the downstairs half bath, laundry room & the garage. The upstairs master bedroom w/ vaulted ceiling, carpet floor & ceiling fan. The master bath provides a tile surround stall shower w/ glass enclosure, sunken tub, 2 vanities, a chandelier & a walk-in closet w/custom organizers. The guest bedrooms have carpet floors & ample closet space w/ mirrored doors. Private backyard w/ an in-ground pool, concrete patio, a gas line for a BBQ & mature redwood trees. This home also has a 3-car garage w/ overhead storage, a removable pool fence & is close to schools, shopping, restaurants & more!

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
 

$791,100$966,900$879,000

PURCHASE PRICE

$3,330$4,070$3,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,700
EXPENSES Loan Payment -$3,053
Property Tax -$944
Property Insurance -$88
Property Management Fees -$181
CASH FLOW
-$565

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.

$879,000

PROJECTED PRICE

$3,700

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.0%
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$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$238,685

INVESTMENT

$238,685

Down Payment
$219,750
Rehab Estimate
$5,750
Closing Costs
$13,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,053

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $219,750
Loan Amount $659,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$25,733

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,700

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $3,933

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,850
$3,850
RENT COMPS ANALYSIS
  • 1909 Springridge Court Concord, CA 1
    • 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.48
    •  
  • 333 Ahwanee Ln Clayton, CA 2
    • 4 beds 3 baths ∙ 2,448 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,448 Sqft ∙ Built 1992
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.57
    •  
PROPERTY LISTING DETAILS
Wendy Moore
Bhhs Drysdale Properties
BESbswy