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2555 E Olivera Rd Concord, CA 94519

4 Beds 2 Baths 1,244 sqft Built 1961

$599,999

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $482.31
  • 5 Days on Market
  • MLS # : CC40930766
  • Updated Date : 12/02/2020 at 20:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,244 sqft
  • Baths : 2 full
Listing Agent

All Homes Sold Realty Pros

Listing Agent's Description

Updated single-story home nestled in a great area of Concord. This gorgeous 4 bedroom, 2 bath house features an open concept dining/living room, with inviting fire place, remodeled kitchen with breakfast bar and including an electric stove. The master bedroom has mirrored closets and a private bathroom. Both bathrooms in house are completely remodeled. Both interior and exterior of the house have been newly painted. Updated windows, hardwood floors throughout the house. Relaxing spacious backyard with gazebo included and fruit trees. Enjoyed year round barbecues on the private, fully fenced, patio. Walking distance to shopping center. Conveniently located close to freeway access, North Concord Bart Station and Downtown Concord. 360 Virtual Tour https://bit.ly/2555EOlivera

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94519

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Zip Code: 94519

ZipNIR 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
Holbrook Language Academy Primary Unknown NA
El Dorado Middle School Middle Regular 976 42 2
Mt. Diablo High School High Regular 1,352 77 4

Holbrook Language Academy

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$539,999$659,999$599,999

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$2,214
Property Tax -$666
Property Insurance -$57
Property Management Fees -$149
CASH FLOW
-$496

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.

$599,999

PROJECTED PRICE

$2,590

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.6%
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$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$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $150,000
Loan Amount $449,999
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$16,670

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
  • $2,619

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,4504$2,5505$2,875
$2,875
RENT COMPS ANALYSIS
  • 2555 E Olivera Rd Concord, CA 1
    • 4 beds 2 baths ∙ 1,244 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,244 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Hickory Dr Concord, CA 2
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1947
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.00
    •  
  • 3198 Claudia Dr Concord, CA 3
    • 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 1955
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $2.09
    •  
  • 3049 Justin Way Concord, CA 4
    • 3 beds 2 baths ∙ 1,161 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,161 Sqft ∙ Built 1954
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $2.20
    •  
  • 3190 Meadowbrook Dr Concord, CA 5
    • 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1954
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $2.13
    •  
PROPERTY LISTING DETAILS
Ada Franco
All Homes Sold Realty Pros
BESbswy