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2776 W Newell Ave Walnut Creek, CA 94595

4 Beds 3 Baths 2,470 sqft Built 1971

$1,250,000

List Price

$5,300

$5.1K - $5.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $506.07
  • 3 Days on Market
  • MLS # : CC40927234
  • Updated Date : 11/07/2020 at 12:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,470 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dudum Real Estate Group

Listing Agent's Description

Tucked away at the far end of a storybook street, this beautiful 4 bedroom, 2-1/2 bath home is ready for someone to move in, unpack and enjoy. The updated kitchen features granite countertops, rich wood cabinets, gleaming stainless steel appliances including a Dacor gas range, Bosch built-in espresso maker, double ovens, wine refrigerator, and bottom-freezer refrigerator. A huge living room with open wood beam ceilings and a wall of built-ins opens to a deck that's perfect for entertaining. One of four bedrooms is on the first floor, perfect for a guest room or a home office. A family room, formal dining room and half bath complete the first floor. The 2nd floor has 3 generously sized bedrooms and 2 bathrooms. W Newell is one of those special streets where everybody knows each other, kids can play in the front yard, and holiday house lights and Halloween decorations are the norm. An added bonus is 12 years of Lafayette's top-rated schools!

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PRICE & RENT TRENDS

Neighborhood: Saranap

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Saranap

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000320034003600380040004200Rent in $16714262

* 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
Burton Valley Elementary School Primary Regular 771 32 10
M. H. Stanley Middle School Middle Regular 1,178 52 10
Acalanes High School High Regular 1,396 69 10

Burton Valley Elementary School

  • Education Level: Primary
  • # of students: 771
  • # of teachers: 32
10
GreatSchools Rating

M. H. Stanley Middle School

  • Education Level: Middle
  • # of students: 1,178
  • # of teachers: 52
10
GreatSchools Rating

Acalanes High School

  • Education Level: High
  • # of students: 1,396
  • # of teachers: 69
10
GreatSchools Rating
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$4,770$5,830$5,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,300
EXPENSES Loan Payment -$4,612
Property Tax -$1,325
Property Insurance -$87
Property Management Fees -$260
CASH FLOW
-$984

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.

$1,250,000

PROJECTED PRICE

$5,300

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$34,021

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
  • $5,706

    COMP ESTIMATED VALUE
  • $2.31

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,0003$6,500
$6,500
RENT COMPS ANALYSIS
  • 2776 W Newell Ave Walnut Creek, CA 1
    • 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3330 Helen Lane Lafayette, CA 2
    • 5 beds 3 baths ∙ 2,226 Sqft ∙ Built 1952 5 beds 3 baths ∙ 2,226 Sqft ∙ Built 1952
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.25
    •  
  • 3394 Santa Maria Lafayette, CA 3
    • 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1965
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $2.37
    •  
PROPERTY LISTING DETAILS
Adam Hamalian
Dudum Real Estate Group
BESbswy