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2452 Larkey Ln Walnut Creek, CA 94597

4 Beds 3 Baths 2,755 sqft Built 1959

$1,333,777

List Price

$4,630

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $484.13
  • 2 Days on Market
  • MLS # : BE40932667
  • Updated Date : 12/26/2020 at 21:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,755 sqft
  • Baths : 3 full
Listing Agent

Century 21 Pacific Realty

Listing Agent's Description

***WHO SAYS YOU CAN'T LIVE THE BIG LIFE IN THE BAY AREA?*** In the day & age where new homes come with almost zero lots, come & enjoy one with a massive 17K sf. Want to live masterfully? Then come & see this great home for yourself & imagine living the good life therein. The fine home comes with all the bells & whistles. The main house boasts 3 bedrooms and 2 bathrooms. It comes with a massive gourmet kitchen with a sizable island. A massive addition sets the stage for family reunions & entertainment. And these days where we all work from home, the home office gives you that space. Accessory dwelling units (ADUs) are hot and this home comes with one. Should you need another ADU you can put up another one. With the massive 17K sf lot, you sure can. The sky is your only limit. New roof, new windows, new kitchen, new addition, new everything...a the biggest buildable lot in the area. The location is wonderful. The schools are great. Parks abound. See https://vimeo.com/494765503

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Buena Vista Area

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Buena Vista 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
Buena Vista Elementary School Primary Regular 546 24 7
Walnutcreek Intermediate School Middle Regular 1,219 48 8
Las Lomas High School High Regular 1,541 75 9

Buena Vista Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 24
7
GreatSchools Rating

Walnutcreek Intermediate School

  • Education Level: Middle
  • # of students: 1,219
  • # of teachers: 48
8
GreatSchools Rating

Las Lomas High School

  • Education Level: High
  • # of students: 1,541
  • # of teachers: 75
9
GreatSchools Rating
 

$1,200,399$1,467,155$1,333,777

PURCHASE PRICE

$4,167$5,093$4,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,630
EXPENSES Loan Payment -$4,921
Property Tax -$1,428
Property Insurance -$94
Property Management Fees -$227
CASH FLOW
-$2,040

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.

$1,333,777

PROJECTED PRICE

$4,630

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.9%
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$3.5M$4.0M

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$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$359,201

INVESTMENT

$359,201

Down Payment
$333,444
Rehab Estimate
$5,750
Closing Costs
$20,007

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,921

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $333,444
Loan Amount $1,000,333
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$634

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
  • $5,896

    COMP ESTIMATED VALUE
  • $2.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,2503$5,500
$5,500
RENT COMPS ANALYSIS
  • 2452 Larkey Ln Walnut Creek, CA 1
    • 4 beds 3 baths ∙ 2,755 Sqft ∙ Built 1959 4 beds 3 baths ∙ 2,755 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 24 Benthill Ct Lafayette, CA 2
    • 4 beds 2 baths ∙ 2,625 Sqft ∙ Built 1975 4 beds 2 baths ∙ 2,625 Sqft ∙ Built 1975
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $2.00
    •  
  • 1530 Reliez Valley Rd Lafayette, CA 3
    • 5 beds 4 baths ∙ 2,410 Sqft ∙ Built 1952 5 beds 4 baths ∙ 2,410 Sqft ∙ Built 1952
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.28
    •  
PROPERTY LISTING DETAILS
Paul Lejoy
Century 21 Pacific Realty
BESbswy