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2241 Lafayette Dr Antioch, CA 94509

4 Beds 3 Baths 2,838 sqft Built 1981

$569,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $200.49
  • 6 Days on Market
  • MLS # : BE40932510
  • Updated Date : 12/26/2020 at 18:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,838 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Hagley Group

Listing Agent's Description

Looking for a huge 4 bedroom (and possibly 5 bedroom!) home at an entry level price? This is it! Home is in great shape - but dated. First floor includes formal living room, formal dining room, den, and huge family room (complete with wet bar!!!) spilling out onto a covered patio.Huge corner lot that you can landscape to your liking! This home is a diamond in the rough. Definitely a place to see!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94509

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $190k1015k

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

Zip Code: 94509

ZipNIR Market*CityMarket2010Year20012019 Q21200140016001800200022002400260028003000Rent in $11393193

* 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
Sutter Elementary School Primary Regular 631 23 3
Park Middle School Middle Regular 997 41 3
Antioch High School High Regular 1,774 76 3

Sutter Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 23
3
GreatSchools Rating

Park Middle School

  • Education Level: Middle
  • # of students: 997
  • # of teachers: 41
3
GreatSchools Rating

Antioch High School

  • Education Level: High
  • # of students: 1,774
  • # of teachers: 76
3
GreatSchools Rating
 

$512,100$625,900$569,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,099
Property Tax -$622
Property Insurance -$96
Property Management Fees -$149
CASH FLOW
-$166

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.

$569,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.4%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$156,535

INVESTMENT

$156,535

Down Payment
$142,250
Rehab Estimate
$5,750
Closing Costs
$8,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,250
Loan Amount $426,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$43,114

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
  • $2,810

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,800
$2,800
RENT COMPS ANALYSIS
  • 2241 Lafayette Dr Antioch, CA 1
    • 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5000 Union Mine Dr Antioch, CA 2
    • 4 beds 3 baths ∙ 2,819 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,819 Sqft ∙ Built 1997
    property image
    LEASED 12/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.99
    •  
PROPERTY LISTING DETAILS
Cindi Hagley
The Hagley Group
BESbswy