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2330 Rockne Dr Concord, CA 94518

3 Beds 2 Baths 1,247 sqft Built 1959

$675,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1959
  • Price/Sqft : $541.30
  • 2 Days on Market
  • MLS # : CC40926968
  • Updated Date : 11/02/2020 at 03:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,247 sqft
  • Baths : 2 full
Listing Agent

Blvd Real Estate

Listing Agent's Description

Here is the home you've been looking for! This beautifully remodeled rancher is a must see with a bright living room featuring a brick wood-burning fireplace and picture window overlooking the manicured front yard, flowing to a remodeled granite chef's eat-in kitchen w/custom cabinetry, stainless steel appliances, & a breakfast bar. The versatile family room boasts another brick wood-burning fireplace adorned with built in shelves, and sliding glass door to the entertaining back patio. The primary bedroom includes an over-sized window and remodeled bathroom with a spacious tile stall shower. Other features include gleaming hardwood floors, chic remodeled hall bathroom, an over-sized 2 car garage, RV/boat parking, & a level entertaining yard with a stamped concrete patio, on a neighborly block just minutes from shops, restaurants, parks, and transportation.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94518

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1026k

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

Zip Code: 94518

ZipNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000Rent in $16323193

* 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
Ygnacio Valley Elementary School Primary Regular 510 25 2
Oak Grove Middle School Middle Regular 695 40 1
Ygnacio Valley High School High Regular 1,134 53 4

Ygnacio Valley Elementary School

  • Education Level: Primary
  • # of students: 510
  • # of teachers: 25
2
GreatSchools Rating

Oak Grove Middle School

  • Education Level: Middle
  • # of students: 695
  • # of teachers: 40
1
GreatSchools Rating

Ygnacio Valley High School

  • Education Level: High
  • # of students: 1,134
  • # of teachers: 53
4
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,490
Property Tax -$723
Property Insurance -$57
Property Management Fees -$149
CASH FLOW
-$599

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.

$675,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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-$10k-$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$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$15,115

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
  • $2,821

    COMP ESTIMATED VALUE
  • $2.26

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,8004$2,9505$3,200
$3,200
RENT COMPS ANALYSIS
  • 2330 Rockne Dr Concord, CA 1
    • 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1890 Cameron Ct Concord, CA 2
    • 3 beds 2 baths ∙ 1,115 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,115 Sqft ∙ Built 1962
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.15
    •  
  • 1520 Orange Concord, CA 3
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1950
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.22
    •  
  • 930 Notre Dame Ave Concord, CA 4
    • 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1958
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.37
    •  
  • 900 Woodmoor Dr Concord, CA 5
    • 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1972
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.31
    •  
PROPERTY LISTING DETAILS
Joshua England
Blvd Real Estate
BESbswy