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2343 Mallard Dr Walnut Creek, CA 94597

3 Beds 3 Baths 1,935 sqft Built 1962

$1,190,000

List Price

$3,970

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $614.99
  • 5 Days on Market
  • MLS # : EB40930900
  • Updated Date : 12/11/2020 at 14:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,935 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Your perfect suburban escape. Spacious and elegant updated ranch home. Walk in to the stylish front living room, make your way to the open dining area. Smell the fresh pies in the oven, get cozy in the huge rumpus room adjacent to the back yard. Huge sliding glass doors make indoor/outdoor living a delight, perfect flat big back yard. Bright and sunny in the front with quiet, private peaceful bedrooms all on one level. Newer bathrooms including the master suite. Close to Larkey Park, Palos Verdes shopping center/Lunardi's Market. Short distance to 2 BART stations and easy access to both 680 ad 24 freeways. Updated bright kitchen with WOLF stovetop and Meile dishwasher, all stainless appliances. Check it out: https://player.vimeo.com/video/488980391 Long driveway will accommodate boat or RV.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palos Verde Area

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Palos Verde Area

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714076

* 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
Pleasant Hill Elementary School Primary Regular 702 27 7
Pleasant Hill Middle School Middle Regular 972 39 6
College Park High School High Regular 2,022 81 9

Pleasant Hill Elementary School

  • Education Level: Primary
  • # of students: 702
  • # of teachers: 27
7
GreatSchools Rating

Pleasant Hill Middle School

  • Education Level: Middle
  • # of students: 972
  • # of teachers: 39
6
GreatSchools Rating

College Park High School

  • Education Level: High
  • # of students: 2,022
  • # of teachers: 81
9
GreatSchools Rating
 

$1,071,000$1,309,000$1,190,000

PURCHASE PRICE

$3,573$4,367$3,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,970
EXPENSES Loan Payment -$4,391
Property Tax -$1,235
Property Insurance -$74
Property Management Fees -$195
CASH FLOW
-$1,924

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.

$1,190,000

PROJECTED PRICE

$3,970

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$321,100

INVESTMENT

$321,100

Down Payment
$297,500
Rehab Estimate
$5,750
Closing Costs
$17,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,391

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $297,500
Loan Amount $892,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$242

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,970

    LIST RENT
  • $2.05

    LIST RENT PER SQFT
  • $3,972

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,8953$3,9704$4,0005$4,900
$4,900
RENT COMPS ANALYSIS
  • 2343 Mallard Dr Walnut Creek, CA 3
    • 3 beds 3 baths ∙ 1,935 Sqft ∙ Built 1962 3 beds 3 baths ∙ 1,935 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,970
    • $2.05
    •  
  • 9 Del Rio Ct Lafayette, CA 1
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1963
    property image
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.10
    •  
  • 1077 Bellamy Ct Walnut Creek, CA 2
    • 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 1978
    property image
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $1.79
    •  
  • 525 Monarch Ridge Dr Walnut Creek, CA 4
    • 3 beds 3 baths ∙ 2,134 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,134 Sqft ∙ Built 1978
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.87
    •  
  • 2016 Montclair Cir Walnut Creek, CA 5
    • 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 1962 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 1962
    property image
    LEASED 11/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $2.45
    •  
PROPERTY LISTING DETAILS
Jennifer Smith
Keller Williams Realty
BESbswy