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1985 Encima Dr Concord, CA 94519

3 Beds 1 Baths 1,183 sqft Built 1951

$635,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1951
  • Price/Sqft : $536.77
  • 5 Days on Market
  • MLS # : MR40927520
  • Updated Date : 11/01/2020 at 16:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,183 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Realty Edh

Listing Agent's Description

Attractively listed at $635,000. This is a 1183sqft 3/1 with 8800sqft lot. An entertainer's delight, this property features a well maintained pool with lighting and heated jacuzzi spa with lighting. Walk over to the spacious backyard deck which includes an RV hookup and direct access to the side street. The property sits on a ridge with beautiful panoramic views of the Mt. Diablo mountains seen from the deck and is walking distance to restaurants at Todos Santos Plaza, downtown Concord and Walnut creek. Conveniently located close to Bart, 680 and highway 4. Visit https://1985encimadr.isforsale.com/ 360 Virtual tour, drone video included. You can add an RV in the backyard with the hookups available and basically expand your capacity or use it for AIRBNB Rentals.(Check w/ city if allowed). Newly renovated bathroom, kitchen with granite counters, stainless steel refrigerator. The property also comes with a 65" flat screen TV in the living room, a 42" flat screen in bedroom 3 and a shed

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
Wren Avenue Elementary School Primary Regular 544 20 4
El Dorado Middle School Middle Regular 976 42 2
Mt. Diablo High School High Regular 1,352 77 4

Wren Avenue Elementary School

  • Education Level: Primary
  • # of students: 544
  • # of teachers: 20
4
GreatSchools Rating

El Dorado Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 42
2
GreatSchools Rating

Mt. Diablo High School

  • Education Level: High
  • # of students: 1,352
  • # of teachers: 77
4
GreatSchools Rating
 

$571,500$698,500$635,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$2,343
Property Tax -$705
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
-$852

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.

$635,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.38%

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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$174,025

INVESTMENT

$174,025

Down Payment
$158,750
Rehab Estimate
$5,750
Closing Costs
$9,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,343

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $158,750
Loan Amount $476,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,397

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $2.03

    LIST RENT PER SQFT
  • $2,203

    COMP ESTIMATED VALUE
  • $1.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,4003$2,4004$2,8005$2,850
$2,850
RENT COMPS ANALYSIS
  • 1985 Encima Dr Concord, CA 3
    • 3 beds 1 baths ∙ 1,183 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,183 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.03
    •  
  • 1786 Toyon Dr Concord, CA 1
    • 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1955
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.73
    •  
  • Hickory Dr Concord, CA 2
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1947
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.00
    •  
  • 3180 Ida Dr Concord, CA 4
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1954
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.84
    •  
  • 2013 Fir St Concord, CA 5
    • 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1942 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1942
    LEASED 09/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.88
    •  
PROPERTY LISTING DETAILS
Bernard Gwandiku
Keller Williams Realty Edh
BESbswy