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2159 Overlook Dr Walnut Creek, CA 94597

2 Beds 1 Baths 930 sqft Built 1945

$1,150,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1945
  • Price/Sqft : $1,236.56
  • 2 Days on Market
  • MLS # : CC40927827
  • Updated Date : 11/02/2020 at 21:35
CONSTRUCTION
  • Beds : 2
  • Floor Size : 930 sqft
  • Baths : 1 full
Listing Agent

Coldwell Banker

Listing Agent's Description

Quaint & cozy 2 bed, 1 bath cottage featuring a kitchen w/gas stove, living room w/vaulted wood beam ceiling, plenty of built in cabinets, wood floors, bathroom w/tub and tile enclosure, and single car garage w/laundry. There is an enclosed porch in the backyard that can be accessed via the dining area and is excellent for relaxing and/or entertaining. Rare opportunity to potentially develop up to 3 single family lots in this desirable section of W.C. within close proximity to the core downtown shops and restaurants, BART, freeway accesses 24 & 680, and within the highly coveted W.C. schools. Interested parties should check with the city and other necessary agencies regarding the potential development. It may be possible to save all or part of the existing home. This could also be a great family compound opportunity, gardeners dream, sport court, pool, and/or plenty of room for ADU's. Unlimited potential!

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PRICE & RENT TRENDS

Neighborhood: The Hill

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: The Hill

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714138

* 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
 

$1,035,000$1,265,000$1,150,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$4,243
Property Tax -$1,232
Property Insurance -$50
Property Management Fees -$149
CASH FLOW
-$3,403

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.

$1,150,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.20%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.0%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$310,500

INVESTMENT

$310,500

Down Payment
$287,500
Rehab Estimate
$5,750
Closing Costs
$17,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$4,243

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $287,500
Loan Amount $862,500
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$2,468

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
  • $1,175

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1503$1,4504$1,500
$1,500
RENT COMPS ANALYSIS
  • 2159 Overlook Dr Walnut Creek, CA 1
    • 2 beds 1 baths ∙ 930 Sqft ∙ Built 1945 2 beds 1 baths ∙ 930 Sqft ∙ Built 1945
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 50 Tahoe Ct 3 Walnut Creek, CA 2
    • 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1963 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1963
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.15
    •  
  • 188 Lancaster Rd Fron Walnut Creek, CA 3
    • 2 beds 2 baths ∙ 1,124 Sqft ∙ Built 1949 2 beds 2 baths ∙ 1,124 Sqft ∙ Built 1949
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.29
    •  
  • 2722 Cherry Ln Walnut Creek, CA 4
    • 2 beds 1 baths ∙ 1,112 Sqft ∙ Built 1949 2 beds 1 baths ∙ 1,112 Sqft ∙ Built 1949
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.35
    •  
PROPERTY LISTING DETAILS
Steven Monasch
Coldwell Banker
BESbswy