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2055 Mallard Dr Walnut Creek, CA 94597

3 Beds 2 Baths 1,359 sqft Built 1959

$1,000,000

List Price

$3,190

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $735.84
  • 2 Days on Market
  • MLS # : EB40930480
  • Updated Date : 11/28/2020 at 11:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,359 sqft
  • Baths : 2 full
Listing Agent

Bhg Real Estate Royal & Assoc.

Listing Agent's Description

Charming and tastefully updated single story rancher in the Larkey area of Walnut Creek. Enjoy the views of Mt. Diablo while relaxing on the front porch of this large corner lot with numerous fruit trees. Cozy up to the warmth of the fireplace insert in this energy efficient home with dual pane windows. Embrace this amazing location which is close to Larkey Park, Lindsay Wildlife Museum, Bart, Shopping, Schools, Restaurants and Freeway Access. Ample room in spacious garage with additional RV parking. Plenty of yard for your gardening and entertaining enjoyment. Washer, Dryer & Refrigerator included.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palos Verde Area

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Palos Verde 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
Pleasant Hill Elementary School Primary Regular 702 27 7
Pleasant Hill Middle School Middle Regular 972 39 6
College Park High School High Regular 2,022 81 9

Pleasant Hill Elementary School

  • Education Level: Primary
  • # of students: 702
  • # of teachers: 27
7
GreatSchools Rating

Pleasant Hill Middle School

  • Education Level: Middle
  • # of students: 972
  • # of teachers: 39
6
GreatSchools Rating

College Park High School

  • Education Level: High
  • # of students: 2,022
  • # of teachers: 81
9
GreatSchools Rating
 

$900,000$1,100,000$1,000,000

PURCHASE PRICE

$2,871$3,509$3,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,190
EXPENSES Loan Payment -$3,690
Property Tax -$1,038
Property Insurance -$60
Property Management Fees -$156
CASH FLOW
-$1,754

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.

$1,000,000

PROJECTED PRICE

$3,190

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 4.0%
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-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$270,750

INVESTMENT

$270,750

Down Payment
$250,000
Rehab Estimate
$5,750
Closing Costs
$15,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,690

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $250,000
Loan Amount $750,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$102

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
  • $3,173

    COMP ESTIMATED VALUE
  • $2.34

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$3,2004$3,2005$3,400
$3,400
RENT COMPS ANALYSIS
  • 2055 Mallard Dr Walnut Creek, CA 1
    • 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2074 Hoover Ave Pleasant Hill, CA 2
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1972
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.06
    •  
  • 2671 Sandpiper Ct Walnut Creek, CA 3
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1973
    property image
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.30
    •  
  • 3216 Rogers Ave Walnut Creek, CA 4
    • 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1948
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.39
    •  
  • 2354 Mallard Dr Walnut Creek, CA 5
    • 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1962
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.59
    •  
PROPERTY LISTING DETAILS
Bernie Lachney
Bhg Real Estate Royal & Assoc.
BESbswy