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2398 Olivera Road Concord, CA 94520

3 Beds 1 Baths 1,148 sqft Built 1948

$399,946

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1948
  • Price/Sqft : $348.39
  • 4 Days on Market
  • MLS # : CC40927691
  • Updated Date : 11/02/2020 at 07:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,148 sqft
  • Baths : 1 full
Listing Agent

Windermere Diablo Realty

Listing Agent's Description

NOBODY IS ALLOWED AT PROPERTY WITHOUT AN AGENT!!! FIXER UPPER! (CASH ONLY) DO NOT PARK UNDER CARPORT! Not for everyone as it needs work from the foundation to the roof. The price will attract a lot of attention! This is an old family home & in very original condition. Potential here & has a .25 level lot. SEPTIC TANK & WELL WATER ONLY. There are problems with the septic system & is not connected to city water. A new roof is needed & gas is turned off for safety. Cracks noted in the slab foundation & is out of level. DO NOT allow buyers to open anything here or get on a ladder or on roof, carport, etc. We have inspections & all that is allowed is a VISUAL WALK THROUGH! Contact agent with questions.

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PRICE & RENT TRENDS

Neighborhood: Sun Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $203k1018k

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

Neighborhood: Sun Terrace

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14543193

* 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
El Dorado Middle School Middle Regular 976 42 2
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

El Dorado Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 42
2
GreatSchools Rating

Mt. Diablo High School

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

$359,951$439,941$399,946

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,476
Property Tax -$444
Property Insurance -$55
Property Management Fees -$149
CASH FLOW
$247

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.

$399,946

PROJECTED PRICE

$2,370

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.4%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,736

INVESTMENT

$111,736

Down Payment
$99,987
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,987
Loan Amount $299,960
See What Happens When You Reinvest Cash Flow

10.83

YEARS SAVED

$75,321

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $2.06

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$2,370
1$2,370
$2,370
RENT COMPS ANALYSIS
  • 2398 Olivera Road Concord, CA
    • 3 beds 1 baths ∙ 1,148 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,148 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $2.06
    •  
PROPERTY LISTING DETAILS
Dave Nardi
Windermere Diablo Realty
BESbswy