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267 Firestone Dr Walnut Creek, CA 94598

5 Beds 3 Baths 2,588 sqft Built 1968

INVESTimate

$1,100,000

List Price

$4,260

$4,010 - $4,510

Rent Est.

$1,165,340  ( +5.94%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1968
  • Price/Sqft : $425.04
  • 3 Days on Market
  • MLS # : CC40917832
  • Updated Date : 08/25/2020 at 15:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,588 sqft
  • Baths : 2 full , 1 half
Listing Agent

Windermere Bay Area Properties

Listing Agent's Description

Welcome to Diablo Shadows and one of the largest single story homes in this Northgate neighborhood. This long time family home has so many fond family memories and has been lovingly maintained over the decades of ownership. Over the years, the property was expanded from the standard floor plan, cosmetically and structurally bumped out to make the bedrooms and primary bedroom very large and inviting. The property has formal Dining Room, Living Room with wood burning stove, Family, eat in Kitchen, composite deck and concrete patio all set up for entertaining. There is a Tesla solar system on the roof to help offset the electric bill and much of the landscaping is drought tolerant on drip irrigation. Come see all the possibilities...

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PRICE & RENT TRENDS

Neighborhood: Diablo Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $273k1454k

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

Neighborhood: Diablo Shadows

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000320034003600380040004200Rent in $16714389

* 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
Valle Verde Elementary School Primary Regular 482 16 6
Foothill Middle School Middle Regular 1,014 40 9
Northgate High School High Regular 1,671 67 10

Valle Verde Elementary School

  • Education Level: Primary
  • # of students: 482
  • # of teachers: 16
6
GreatSchools Rating

Foothill Middle School

  • Education Level: Middle
  • # of students: 1,014
  • # of teachers: 40
9
GreatSchools Rating

Northgate High School

  • Education Level: High
  • # of students: 1,671
  • # of teachers: 67
10
GreatSchools Rating
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,834$4,686$4,260

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$3.0M

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$3.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,260
EXPENSES Loan Payment -$4,059
Property Tax -$1,113
Property Insurance -$90
Property Management Fees -$209
CASH FLOW
-$1,210

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.

$1,100,000

PROJECTED PRICE

$4,260

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.94%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$10,811

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
  • $4,529

    COMP ESTIMATED VALUE
  • $1.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9953$4,0004$4,300
$4,300
RENT COMPS ANALYSIS
  • 267 Firestone Dr Walnut Creek, 1
    • 5 beds 3 baths ∙ 2,588 Sqft ∙ Built 1968 5 beds 3 baths ∙ 2,588 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4498 Silverberry Ct Concord, 2
    • 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1975
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.75
    •  
  • 3211 Valley Vista Road Walnut Creek, 3
    • 4 beds 4 baths ∙ 2,450 Sqft ∙ Built 1977 4 beds 4 baths ∙ 2,450 Sqft ∙ Built 1977
    LEASED 03/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.63
    •  
  • 1020 Pontiac Ct Walnut Creek, 4
    • 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 1974
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.87
    •  
PROPERTY LISTING DETAILS
Christopher Curtis
Windermere Bay Area Properties
BESbswy