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2320 Meredith Way Antioch, CA 94509

3 Beds 2 Baths 1,572 sqft Built 1977

$525,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $333.97
  • 2 Days on Market
  • MLS # : BE40933746
  • Updated Date : 01/09/2021 at 18:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,572 sqft
  • Baths : 2 full
Listing Agent

Calsold Realty

Listing Agent's Description

This home is move-in ready! This is a charming, one of a kind home with so many custom decorator touches. There is an added office/sitting /study/craft or nursery room addition to the master suite. This home has two guest rooms plus a separate family & living room with a fireplace. The kitchen is gorgeous and has beautiful cabinetry, along with a breakfast bar & breakfast nook dining, granite counters and a gas cooktop. There are three storage units that stay. A possible dog run. You can enjoy your pretty and peaceful backyard with gardens and perennials for easy care. Close to shopping. Easy access to highway 4. 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
Turner Elementary School Primary Regular 613 21 1
Antioch Middle School Middle Regular 759 28 1
Antioch High School High Regular 1,774 76 3

Turner Elementary School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 21
1
GreatSchools Rating

Antioch Middle School

  • Education Level: Middle
  • # of students: 759
  • # of teachers: 28
1
GreatSchools Rating

Antioch High School

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

$472,500$577,500$525,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,824
Property Tax -$574
Property Insurance -$65
Property Management Fees -$149
CASH FLOW
-$182

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.

$525,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.46%

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

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$30,820

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
  • $2,437

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,4994$2,5005$2,995
$2,995
RENT COMPS ANALYSIS
  • 2320 Meredith Way Antioch, CA 1
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 1977
    • 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
    •  
  • 2032 Alvarado Dr Antioch, CA 3
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1977
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $1.56
    •  
  • 2001 Reseda Way Antioch, CA 4
    • 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
    •  
  • 1035 San Carlos Dr Antioch, CA 5
    • 4 beds 3 baths ∙ 1,919 Sqft ∙ Built 1962 4 beds 3 baths ∙ 1,919 Sqft ∙ Built 1962
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.56
    •  
PROPERTY LISTING DETAILS
Donna Maria Simpson
Calsold Realty
BESbswy