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233 Sussex Street Concord, CA 94520

3 Beds 3 Baths 1,487 sqft Built 1991

$620,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $416.95
  • 2 Days on Market
  • MLS # : EB40929365
  • Updated Date : 11/14/2020 at 17:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,487 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhg Real Estate Royal & Assoc.

Listing Agent's Description

This well maintained energy efficient home features 3 bedrooms, 2.5 baths, formal and family rooms, an updated kitchen, vaulted ceilings, a large rear deck with french doors and no rear neighbors! This home is located on a court, in the quaint community of Clyde. Clyde is a small township of Concord located within minutes of BART, Hwy 680, and a public golf course!

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PRICE & RENT TRENDS

Zip Code: 94520

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $181k1015k

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

Zip Code: 94520

ZipNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14453193

* 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
Sun Terrace Elementary School Primary Regular 564 22 3
Valley View Middle School Middle Regular 835 38 6
Mt. Diablo High School High Regular 1,352 77 4

Sun Terrace Elementary School

  • Education Level: Primary
  • # of students: 564
  • # of teachers: 22
3
GreatSchools Rating

Valley View Middle School

  • Education Level: Middle
  • # of students: 835
  • # of teachers: 38
6
GreatSchools Rating

Mt. Diablo High School

  • Education Level: High
  • # of students: 1,352
  • # of teachers: 77
4
GreatSchools Rating
 

$558,000$682,000$620,000

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$2,288
Property Tax -$680
Property Insurance -$63
Property Management Fees -$149
CASH FLOW
-$330

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.

$620,000

PROJECTED PRICE

$2,850

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.7%
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$2.5M

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$170,050

INVESTMENT

$170,050

Down Payment
$155,000
Rehab Estimate
$5,750
Closing Costs
$9,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $155,000
Loan Amount $465,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$31,325

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
  • $2,870

    COMP ESTIMATED VALUE
  • $1.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,800
$2,800
RENT COMPS ANALYSIS
  • 233 Sussex Street Concord, CA 1
    • 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2491 Sun View Ter Concord, CA 2
    • 4 beds 2 baths ∙ 1,448 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,448 Sqft ∙ Built 1974
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.93
    •  
PROPERTY LISTING DETAILS
Jessica Robinson
Bhg Real Estate Royal & Assoc.
BESbswy