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2239 Colonial Ct Walnut Creek, CA 94598

4 Beds 2 Baths 1,959 sqft Built 1964

$979,900

List Price

$3,810

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $500.20
  • 3 Days on Market
  • MLS # : CC40929131
  • Updated Date : 11/13/2020 at 10:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,959 sqft
  • Baths : 2 full
Listing Agent

Home Real Estate

Listing Agent's Description

Excellent price! Beautifully updated Walnut Creek 4-bedroom one story on large lot! Ideal Carriage Square court location within walking distance to restaurants, & shopping - including Safeway & Trader Joes - and award winning De La Salle & Carondelet schools. Minutes to Iron Horse Trail, BART & Hwy 680. Flowing floorplan with airy entry/living/dining room area. Gorgeous luxury flooring, crown molding, designer doors, recessed lighting, attractive bathroom wainscoting, vanity & more! Bright updated kitchen, with marble counters & stainless appliances, opens to family room with custom fireplace mantel built-ins - perfect for your family & entertaining! Access your private backyard oasis through the family, dining, or master bedroom - Spacious yard with covered patio, outdoor kitchen area & recently resurfaced pool - the ideal backyard for your staycation! Well water for pool & landscaping! New windows, newer roof. Pest, home & pool inspections completed. Ready for your personal touches!

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PRICE & RENT TRENDS

Neighborhood: Carriage Square

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1304k

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

Neighborhood: Carriage Square

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
Bancroft Elementary School Primary Regular 525 19 7
Oak Grove Middle School Middle Regular 695 40 1
Ygnacio Valley High School High Regular 1,134 53 4

Bancroft Elementary School

  • Education Level: Primary
  • # of students: 525
  • # of teachers: 19
7
GreatSchools Rating

Oak Grove Middle School

  • Education Level: Middle
  • # of students: 695
  • # of teachers: 40
1
GreatSchools Rating

Ygnacio Valley High School

  • Education Level: High
  • # of students: 1,134
  • # of teachers: 53
4
GreatSchools Rating
 

$881,910$1,077,890$979,900

PURCHASE PRICE

$3,429$4,191$3,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,810
EXPENSES Loan Payment -$3,615
Property Tax -$991
Property Insurance -$74
Property Management Fees -$187
CASH FLOW
-$1,058

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.

$979,900

PROJECTED PRICE

$3,810

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.9%
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-$20k-$10k$0.0$10k$20k

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$265,424

INVESTMENT

$265,424

Down Payment
$244,975
Rehab Estimate
$5,750
Closing Costs
$14,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,615

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $244,975
Loan Amount $734,925
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$10,413

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
  • $4,026

    COMP ESTIMATED VALUE
  • $2.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,8004$4,0005$4,150
$4,150
RENT COMPS ANALYSIS
  • 2239 Colonial Ct Walnut Creek, CA 1
    • 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 1964
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2360 La Salle Walnut Creek, CA 2
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1974
    property image
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.81
    •  
  • 1274 Claiborne Dr Walnut Creek, CA 3
    • 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 1964
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.15
    •  
  • 932 Kane Cir Walnut Creek, CA 4
    • 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 1965
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.12
    •  
  • 2366 Parish Drive Walnut Creek, CA 5
    • 4 beds 3 baths ∙ 1,941 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,941 Sqft ∙ Built 1964
    property image
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $2.14
    •  
PROPERTY LISTING DETAILS
Bruce Johnson
Home Real Estate
BESbswy