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2612 Crystal Ave Concord, CA 94520

3 Beds 2 Baths 1,298 sqft Built 1942

$525,000

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1942
  • Price/Sqft : $404.47
  • 2 Days on Market
  • MLS # : EB40927092
  • Updated Date : 11/02/2020 at 16:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,298 sqft
  • Baths : 2 full
Listing Agent

Advent Properties, Inc.

Listing Agent's Description

Now's your chance to own this charming updated three bed and two bath home. This is the dream Commuters location! Close to freeways, both BART stations and a short walk to downtown Todos Santos Plaza. Kitchen is laid out, to bring the inner chef in your out. Plenty of storage! Extra storage shed in the back yard. Perfect for all your projects. Home includes a spacious backyard for these Shelter In Place times so you can have socially distanced BBQ. Home has Air Conditioning for those hot summer nights. All COVID safety precautions will be followed.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mount Diablo

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $183k1015k

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

Neighborhood: Mount Diablo

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
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
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$1,937
Property Tax -$583
Property Insurance -$58
Property Management Fees -$149
CASH FLOW
-$77

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.

$525,000

PROJECTED PRICE

$2,650

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.8%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$49,989

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
  • $2,638

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,4504$2,5505$2,800
$2,800
RENT COMPS ANALYSIS
  • 2612 Crystal Ave Concord, CA 1
    • 3 beds 2 baths ∙ 1,298 Sqft ∙ Built 1942 3 beds 2 baths ∙ 1,298 Sqft ∙ Built 1942
    property image
    • 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
    property image
    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
    property image
    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
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $2.20
    •  
  • 3180 Ida Dr Concord, CA 5
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1954
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.84
    •  
PROPERTY LISTING DETAILS
Darryl Glass
Advent Properties, Inc.
BESbswy