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1911 Alvarado Ave Walnut Creek, CA 94597

5 Beds 2 Baths 2,098 sqft Built 1946

$1,250,000

List Price

$3,990

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1946
  • Price/Sqft : $595.81
  • 4 Days on Market
  • MLS # : CC40928234
  • Updated Date : 11/06/2020 at 12:56
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,098 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Amazing opportunity in Walnut Creek, versatile single family home with attached 2 bedroom in-law unit. Live in one, rent the other or enjoy the flexibility of a private space for extended family or guests. The main home has 3 bedrooms, living & dining room, updated bathroom, hardwood flooring, updated eat-in kitchen with stainless steel appliances including a gas range, white cabinets & granite counters. The upper in-law has 2 bedrooms, a spacious living room, engineered hardwood flooring, updated kitchen & bathroom. Adjustable configuration with an indoor laundry/workspace/extra storage which can be locked off for either residence to use. There is also an additional laundry hookup in the 2 car garage. A large yard with a side patio can be shared or sectioned off. Top-rated Walnut Creek schools. Walkable to Buena Vista Elementary, Larkey Park & BART. Minutes to freeway access, shopping & restaurants.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Buena Vista Area

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Buena Vista Area

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
Buena Vista Elementary School Primary Regular 546 24 7
Walnutcreek Intermediate School Middle Regular 1,219 48 8
Las Lomas High School High Regular 1,541 75 9

Buena Vista Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 24
7
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
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,591$4,389$3,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,990
EXPENSES Loan Payment -$4,612
Property Tax -$1,339
Property Insurance -$78
Property Management Fees -$196
CASH FLOW
-$2,234

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.

$1,250,000

PROJECTED PRICE

$3,990

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.9%
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-$20k-$10k$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$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$117

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
  • $5,098

    COMP ESTIMATED VALUE
  • $2.43

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,9003$5,5004$5,500
$5,500
RENT COMPS ANALYSIS
  • 1911 Alvarado Ave Walnut Creek, CA 1
    • 5 beds 2 baths ∙ 2,098 Sqft ∙ Built 1946 5 beds 2 baths ∙ 2,098 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2016 Montclair Cir Walnut Creek, CA 2
    • 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 1962 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 1962
    LEASED 11/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $2.45
    •  
  • 1530 Reliez Valley Rd Lafayette, CA 3
    • 5 beds 4 baths ∙ 2,410 Sqft ∙ Built 1952 5 beds 4 baths ∙ 2,410 Sqft ∙ Built 1952
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.28
    •  
  • 2860 Buena Vista Ave Walnut Creek, CA 4
    • 5 beds 3 baths ∙ 2,152 Sqft ∙ Built 1956 5 beds 3 baths ∙ 2,152 Sqft ∙ Built 1956
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.56
    •  
PROPERTY LISTING DETAILS
Renee White
Keller Williams Realty
BESbswy