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2018 Parkside Dr Concord, CA 94519

2 Beds 1 Baths 1,109 sqft Built 1942

$529,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1942
  • Price/Sqft : $477.01
  • 5 Days on Market
  • MLS # : CC40933708
  • Updated Date : 01/15/2021 at 11:12
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,109 sqft
  • Baths : 1 full
Listing Agent

Coldwell Banker

Listing Agent's Description

Perfect cottage with abundant charm on a large lot in a popular Concord location featuring easy access to BART and Downtown! Remodeled kitchen and Bath and tasteful upgrades throughout! Wood floors, dual pane windows, Air conditioning and OWNED solar have this home READY to enjoy! The garage has been beautifully converted for use as Bedroom, gym or office! the original house is 803 square feet and the garage conversion is approximately 306 square feet. Buyer to verify. NO OPEN HOUSES! Private Showings will begin SATURDAY and SUNDAY Jan 16 and 17, 9:00 a.m - 6:00 p.m. BY APPOINTMENT ONLY!

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PRICE & RENT TRENDS

Neighborhood: Baldwin Park

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $205k1015k

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

Neighborhood: Baldwin Park

NeighborhoodNIR 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
 

$476,100$581,900$529,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,837
Property Tax -$587
Property Insurance -$54
Property Management Fees -$149
CASH FLOW
-$278

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.

$529,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.3%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$145,935

INVESTMENT

$145,935

Down Payment
$132,250
Rehab Estimate
$5,750
Closing Costs
$7,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,837

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,250
Loan Amount $396,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$22,810

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $2.12

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,350
$2,350
RENT COMPS ANALYSIS
  • 2018 Parkside Dr Concord, CA
    • 2 beds 1 baths ∙ 1,109 Sqft ∙ Built 1942 2 beds 1 baths ∙ 1,109 Sqft ∙ Built 1942
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $2.12
    •  
PROPERTY LISTING DETAILS
Kelly Crawford
Coldwell Banker
BESbswy