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2825 Bonita Ave Antioch, CA 94509

3 Beds 2 Baths 1,100 sqft Built 1956

$445,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $404.55
  • 3 Days on Market
  • MLS # : CC40933661
  • Updated Date : 01/08/2021 at 16:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,100 sqft
  • Baths : 2 full
Listing Agent

Realty One Group Elite

Listing Agent's Description

Great Antioch home with 3 bedrooms, 2 baths and 1,100 sq. ft. plus a 2 car garage.

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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
 

$400,500$489,500$445,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,546
Property Tax -$487
Property Insurance -$54
Property Management Fees -$149
CASH FLOW
-$255

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.

$445,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.44%

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-$5.0k$0.0$5.0k$10k$15k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$18,766

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $1.8

    LIST RENT PER SQFT
  • $1,309

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2953$1,980
$1,980
RENT COMPS ANALYSIS
  • 2825 Bonita Ave Antioch, CA 3
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1956
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $1.80
    •  
  • 2603 Carlton Ln Antioch, CA 1
    • 3 beds 2 baths ∙ 1,056 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,056 Sqft ∙ Built 1972
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.18
    •  
  • 6 El Capitan Ln Antioch, CA 2
    • 3 beds 2 baths ∙ 1,081 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,081 Sqft ∙ Built 1972
    property image
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.20
    •  
PROPERTY LISTING DETAILS
Ron Pilgrim
Realty One Group Elite
BESbswy