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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Zip Code: 94518
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 94518
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$201,850
LOAN DETAILS
$2,730
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $185,000 |
| Loan Amount | $555,000 |
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
-
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
Keller Williams Realty
