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218 Stranahan Cir Clayton, CA 94517

3 Beds 3 Baths 1,339 sqft Built 1995

$769,980

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $575.04
  • 2 Days on Market
  • MLS # : CC40927805
  • Updated Date : 11/02/2020 at 11:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,339 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Stunning home in the Stranahan neighborhood just steps away from downtown Clayton. This home has been completely remodeled with hardwood floors throughout the first floor, a breathtaking kitchen completed in 2018 with cork flooring, white soft-close cabinets, quartz countertops, and stainless steel appliances, Anderson windows, and a brand new solar system with a battery. The ground floor master-suite has a walk-in closet and updated bathroom, upstairs has two more bedrooms along with an additional beautifully updated bathroom. Don't miss the opportunity to own this Clayton gem!

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PRICE & RENT TRENDS

Neighborhood: Clayton

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Clayton

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16713863

* 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
Mt. Diablo Elementary School Primary Regular 814 30 8
Diablo View Middle School Middle Regular 664 27 8
Clayton Valley Charter High School High Regular NA

Mt. Diablo Elementary School

  • Education Level: Primary
  • # of students: 814
  • # of teachers: 30
8
GreatSchools Rating

Diablo View Middle School

  • Education Level: Middle
  • # of students: 664
  • # of teachers: 27
8
GreatSchools Rating

Clayton Valley Charter High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$692,982$846,978$769,980

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,841
Property Tax -$866
Property Insurance -$59
Property Management Fees -$149
CASH FLOW
-$1,395

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.

$769,980

PROJECTED PRICE

$2,520

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$209,795

INVESTMENT

$209,795

Down Payment
$192,495
Rehab Estimate
$5,750
Closing Costs
$11,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $192,495
Loan Amount $577,485
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$71

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
  • $1,781

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,5504$1,7005$3,000
$3,000
RENT COMPS ANALYSIS
  • 218 Stranahan Cir Clayton, CA 1
    • 3 beds 3 baths ∙ 1,339 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,339 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1850 Camino Estrada Concord, CA 2
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1975
    LEASED 05/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.09
    •  
  • 5333 Park Highlands Blvd 34 Concord, CA 3
    • 3 beds 3 baths ∙ 1,415 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,415 Sqft ∙ Built 1980
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.10
    •  
  • 1489 Indianhead Circle Clayton, CA 4
    • 3 beds 3 baths ∙ 1,355 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,355 Sqft ∙ Built 1995
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.25
    •  
  • 4401 Coyote Circle Clayton, CA 5
    • 3 beds 3 baths ∙ 1,595 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,595 Sqft ∙ Built 1995
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.88
    •  
PROPERTY LISTING DETAILS
Lynne French
Compass
BESbswy