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232 Hillside Rd Antioch, CA 94509

4 Beds 2 Baths 1,841 sqft Built 1977

INVESTimate

$499,800

List Price

$2,550

$2,300 - $2,800

Rent Est.

$561,525  ( +12.35%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $271.48
  • 6 Days on Market
  • MLS # : EB40917850
  • Updated Date : 08/24/2020 at 18:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,841 sqft
  • Baths : 2 full
Listing Agent

Realty One Group Elite

Listing Agent's Description

Gorgeous single story 4 bedroom home located on a over sized corner lot with in-ground pool and spa. Hardwood floors, plantation shutters throughout home. Remodeled bath & kitchen with refrigerator included. Dual pane windows,RV access,side yard area with private deck. Fully landscaped with mature trees, New Roof, a must 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
Belshaw Elementary School Primary Regular 540 21 2
Park Middle School Middle Regular 997 41 3
Antioch High School High Regular 1,774 76 3

Belshaw Elementary School

  • Education Level: Primary
  • # of students: 540
  • # of teachers: 21
2
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
 

$449,820$549,780$499,800

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$1,844
Property Tax -$547
Property Insurance -$72
Property Management Fees -$149
CASH FLOW
-$61

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.

$499,800

PROJECTED PRICE

$2,550

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.35%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,197

INVESTMENT

$138,197

Down Payment
$124,950
Rehab Estimate
$5,750
Closing Costs
$7,497

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,950
Loan Amount $374,850
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$49,697

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
  • $2,536

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3503$2,5004$2,6505$2,700
$2,700
RENT COMPS ANALYSIS
  • 232 Hillside Rd Antioch, 1
    • 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2925 Camby Rd Antioch, 2
    • 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1975
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.32
    •  
  • 4012 Rocky Point Dr Antioch, 3
    • 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 1986
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.31
    •  
  • 3345 Barmouth Dr Antioch, 4
    • 4 beds 3 baths ∙ 1,857 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,857 Sqft ∙ Built 1984
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.43
    •  
  • 1211 Chelsea Ct Antioch, 5
    • 4 beds 3 baths ∙ 1,863 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,863 Sqft ∙ Built 1977
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.45
    •  
PROPERTY LISTING DETAILS
Duane Newberry
Realty One Group Elite
BESbswy