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2305 Candlestick Dr Antioch, CA 94509

4 Beds 3 Baths 1,579 sqft Built 1983

$519,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $328.69
  • 2 Days on Market
  • MLS # : BE40929372
  • Updated Date : 11/14/2020 at 18:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,579 sqft
  • Baths : 2 full , 1 half
Listing Agent

Calsold Realty

Listing Agent's Description

Location! Location! Location! This home is located in desirable Mira Vista Hills. The home features hardwood floors, newer paint, dual pane windows, with updated baths, an open kitchen that connects to a nice family room with a fireplace. Off the family room on the way to the garage, you will find your laundry room to one side and a half bath on the other side. The sliding glass door off the family room opens to a nice patio with an overhang. The shed stays. Close to shopping. Easy access to highway 4 and just minutes to the new BART and to beautiful Contra Loma Regional Park. Schedule a showing today and come take a look.

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
 

$467,100$570,900$519,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,915
Property Tax -$568
Property Insurance -$65
Property Management Fees -$149
CASH FLOW
-$387

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.

$519,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.45%

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

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$143,285

INVESTMENT

$143,285

Down Payment
$129,750
Rehab Estimate
$5,750
Closing Costs
$7,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,915

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $129,750
Loan Amount $389,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$18,642

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
  • $2,530

    COMP ESTIMATED VALUE
  • $1.6

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,5004$2,6005$2,675
$2,675
RENT COMPS ANALYSIS
  • 2305 Candlestick Dr Antioch, CA 1
    • 3 beds 3 baths ∙ 1,579 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,579 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1109 Saint Frances Dr Antioch, CA 2
    • 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1969
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.52
    •  
  • 2001 Reseda Way Antioch, CA 3
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1977
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.56
    •  
  • 2762 Del Oro Cir Antioch, CA 4
    • 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1967
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.59
    •  
  • 2977 Palo Verde Way Antioch, CA 5
    • 4 beds 2 baths ∙ 1,535 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,535 Sqft ∙ Built 1971
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $1.74
    •  
PROPERTY LISTING DETAILS
Donna Maria Simpson
Calsold Realty
BESbswy