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1917 Carriage Dr Walnut Creek, CA 94598

4 Beds 3 Baths 2,058 sqft Built 1963

$879,000

List Price

$3,900

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $427.11
  • 4 Days on Market
  • MLS # : CC40928074
  • Updated Date : 11/13/2020 at 08:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,058 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

Retreat to all the suburbs have to offer in the beautiful Carriage Square neighborhood of Walnut Creek. This home sits on a corner lot measuring almost a quarter acre, and features a spacious, park-like backyard with mature trees. Outdoor space wraps around the whole house, with potential for RV parking. Newer roof, dual pane windows, newer carpet and refinished hardwood floors are just some of the upgrades. The functional and flexible floorplan is highlighted by a formal living room with vaulted ceiling, and continues through a separate dining area to the kitchen, with a breakfast nook that opens to a family room. A bedroom downstairs completes the lower level, situated perfectly for a home office. Move right into this great opportunity in a fantastic location, then take your time updating with your dream finishes. BART and freeway access are less than two miles away, and even closer are shopping centers, restaurants, and access to the Iron Horse Trail.

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PRICE & RENT TRENDS

Neighborhood: Carriage Square

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1304k

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

Neighborhood: Carriage Square

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
Bancroft Elementary School Primary Regular 525 19 7
Oak Grove Middle School Middle Regular 695 40 1
Ygnacio Valley High School High Regular 1,134 53 4

Bancroft Elementary School

  • Education Level: Primary
  • # of students: 525
  • # of teachers: 19
7
GreatSchools Rating

Oak Grove Middle School

  • Education Level: Middle
  • # of students: 695
  • # of teachers: 40
1
GreatSchools Rating

Ygnacio Valley High School

  • Education Level: High
  • # of students: 1,134
  • # of teachers: 53
4
GreatSchools Rating
 

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

PURCHASE PRICE

$3,510$4,290$3,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,900
EXPENSES Loan Payment -$3,243
Property Tax -$889
Property Insurance -$77
Property Management Fees -$191
CASH FLOW
-$500

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

$3,900

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$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.

$3,243

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $219,750
Loan Amount $659,250
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$39,310

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,900

    LIST RENT
  • $1.9

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$3,900
1$3,900
$3,900
RENT COMPS ANALYSIS
  • 1917 Carriage Dr Walnut Creek, CA
    • 4 beds 3 baths ∙ 2,058 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,058 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.90
    •  
PROPERTY LISTING DETAILS
Jonathan Gomez
Exp Realty Of California Inc.
BESbswy