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2695 Minert Rd Concord, CA 94518

4 Beds 2 Baths 1,423 sqft Built 1968

$740,000

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $520.03
  • 3 Days on Market
  • MLS # : CC40929246
  • Updated Date : 11/14/2020 at 16:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,423 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

You will love living in this wonderful community located in a desired Concord neighborhood. This expanded 2 story home has 1,423 square feet of living space with an additional sun or living room which is not included in the square feet amount. The interior of the home itself is like new. The kitchen boasts beautiful quartz countertops, brand new stainless steel appliances and a newer Refrigerator and Dishwasher. All rooms are freshly painted with new recessed lights and light fixtures, new window blinds, brand new carpet, new doors and closet doors. The entire house received an electrical upgrade. Space available for RV or boat parking. Located close to parks, trails, transit, community pool, Oak Grove Plaza shopping center and the Orchards Shopping Center. And, for summer fun the Cabana Club swimming pool is near by.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94518

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1026k

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

Zip Code: 94518

ZipNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000Rent in $16323193

* 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
Woodside Elementary School Primary Regular 395 15 5
Oak Grove Middle School Middle Regular 695 40 1
Ygnacio Valley High School High Regular 1,134 53 4

Woodside Elementary School

  • Education Level: Primary
  • # of students: 395
  • # of teachers: 15
5
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
 

$666,000$814,000$740,000

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$2,730
Property Tax -$792
Property Insurance -$62
Property Management Fees -$149
CASH FLOW
-$743

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.

$740,000

PROJECTED PRICE

$2,990

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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-$15k-$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$201,850

INVESTMENT

$201,850

Down Payment
$185,000
Rehab Estimate
$5,750
Closing Costs
$11,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $185,000
Loan Amount $555,000
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$11,159

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,990

    LIST RENT
  • $2.1

    LIST RENT PER SQFT
  • $3,216

    COMP ESTIMATED VALUE
  • $2.26

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,9503$2,9904$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 2695 Minert Rd Concord, CA 3
    • 4 beds 2 baths ∙ 1,423 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,423 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $2.10
    •  
  • 960 Bridgecrossing Way Concord, CA 1
    • 3 beds 3 baths ∙ 1,257 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,257 Sqft ∙ Built 1984
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.19
    •  
  • 930 Notre Dame Ave Concord, CA 2
    • 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1958
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.37
    •  
  • 900 Woodmoor Dr Concord, CA 4
    • 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1972
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.31
    •  
  • 3215 Santa Paula Dr Concord, CA 5
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1962
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.17
    •  
PROPERTY LISTING DETAILS
Gabriele Orbell
Keller Williams Realty
BESbswy