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2801 Bonita Ave Antioch, CA 94509

3 Beds 2 Baths 1,133 sqft Built 1956

$450,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $397.18
  • 4 Days on Market
  • MLS # : EB40927720
  • Updated Date : 11/01/2020 at 15:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,133 sqft
  • Baths : 2 full
Listing Agent

Jdk & Associates Realty, Inc.

Listing Agent's Description

Outstanding 3br 2 full bath home has amazing natural light flooding the living room that exits out to the covered patio looking over the garden shed and hot tub gazebo, that still has room for a pet. Not only conveniently located to the new BART station, this home has multiple efficiency upgrades over the years to keep your monthly bills low. Extra insulation in walls and attic space, as well as energy efficient windows and slider. Kitchen and bathroom updated just a few years ago, original wood floors refurbished last summer run throughout the house and bedrooms. The canned lighting was also recently installed. Working hot tub and Gazebo, as well as the garden shed all stay. Dishwasher and Microwave both new. Located near all goods, services, including: the Lone Tree Golf Center, Contra Loma Regional Park/Reservoir, Antioch Water Park, Black Diamond Mines Regional Park, and Sutter Delta Medical Schools close by are Center Belshaw Elementary, Park Middle School and Antioch High

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PRICE & RENT TRENDS

Zip Code: 94509

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $190k1015k

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

Zip Code: 94509

ZipNIR Market*CityMarket2010Year20012019 Q21200140016001800200022002400260028003000Rent in $11393193

* 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
Belshaw Elementary School Primary Regular 540 21 2
Park Middle School Middle Regular 997 41 3
Antioch High School High Regular 1,774 76 3

Belshaw Elementary School

  • Education Level: Primary
  • # of students: 540
  • # of teachers: 21
2
GreatSchools Rating

Park Middle School

  • Education Level: Middle
  • # of students: 997
  • # of teachers: 41
3
GreatSchools Rating

Antioch High School

  • Education Level: High
  • # of students: 1,774
  • # of teachers: 76
3
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,660
Property Tax -$492
Property Insurance -$55
Property Management Fees -$149
CASH FLOW
-$496

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.

$450,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.4%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$7,124

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
  • $1,564

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,695
$1,695
RENT COMPS ANALYSIS
  • 2801 Bonita Ave Antioch, CA 1
    • 3 beds 2 baths ∙ 1,133 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,133 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2603 Carlton Ln Antioch, CA 2
    • 3 beds 2 baths ∙ 1,056 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,056 Sqft ∙ Built 1972
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.18
    •  
  • 619 W 17th St B Antioch, CA 3
    • 3 beds 1 baths ∙ 1,070 Sqft ∙ Built 1938 3 beds 1 baths ∙ 1,070 Sqft ∙ Built 1938
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.58
    •  
PROPERTY LISTING DETAILS
Samuel Vance
Jdk & Associates Realty, Inc.
BESbswy