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2444 Gill Port Lane Walnut Creek, CA 94598

3 Beds 2 Baths 2,180 sqft Built 1960

INVESTimate

$995,000

List Price

$3,760

$3,510 - $4,010

Rent Est.

$1,053,805  ( +5.91%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $456.42
  • 8 Days on Market
  • MLS # : CC40917445
  • Updated Date : 08/24/2020 at 10:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,180 sqft
  • Baths : 2 full
Listing Agent

Perception Real Estate

Listing Agent's Description

This 3 bed 2 bath Walnut Creek gem is located in the beautiful community of Carriage Square and boasts 2,180 SqFt of open living space, and has a park like backyard with a pool included! Looking to staycation? Look no further. Recent updates include new high efficiency HVAC, new dual pane windows, new light fixtures throughout, new ceiling fans, new R38 insulation in attic, new kitchen and laundry room cabinet paint, new gutters with mesh screens, new pool deck paint, new pool mastic, new stainless steel appliances 2019, new granite counters, backsplash, sink, and electrical updates 2020, under cabinet lights, various updates in bathrooms, new fencing around property, new roofs on backyard sheds, and a newer pool cover.

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PRICE & RENT TRENDS

Neighborhood: Carriage Square

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1304k

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

Neighborhood: Carriage Square

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
Bancroft Elementary School Primary Regular 525 19 7
Oak Grove Middle School Middle Regular 695 40 1
Ygnacio Valley High School High Regular 1,134 53 4

Bancroft Elementary School

  • Education Level: Primary
  • # of students: 525
  • # of teachers: 19
7
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
 

$895,500$1,094,500$995,000

PURCHASE PRICE

$3,384$4,136$3,760

RENT

DOWN PAYMENT
FINANCING

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-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,760
EXPENSES Loan Payment -$3,671
Property Tax -$1,014
Property Insurance -$80
Property Management Fees -$184
CASH FLOW
-$1,189

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.

$995,000

PROJECTED PRICE

$3,760

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.91%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$269,425

INVESTMENT

$269,425

Down Payment
$248,750
Rehab Estimate
$5,750
Closing Costs
$14,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,671

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $248,750
Loan Amount $746,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$6,103

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
  • $3,788

    COMP ESTIMATED VALUE
  • $1.74

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4953$3,5004$3,5005$3,895
$3,895
RENT COMPS ANALYSIS
  • 2444 Gill Port Lane Walnut Creek, 1
    • 3 beds 2 baths ∙ 2,180 Sqft ∙ Built 1960 3 beds 2 baths ∙ 2,180 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2010 Gill Port Ln Walnut Creek, 2
    • 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 1969
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.54
    •  
  • 393 Warwick Dr Walnut Creek, 3
    • 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 1961 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 1961
    property image
    LEASED 02/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.72
    •  
  • 742 San Luis Concord, 4
    • 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1964
    property image
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.90
    •  
  • 1077 Bellamy Ct Walnut Creek, 5
    • 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
    •  
PROPERTY LISTING DETAILS
Darryll Whaley
Perception Real Estate
BESbswy