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3031 Gratton Way Concord, CA 94520

3 Beds 2 Baths 1,220 sqft Built 1954

$590,000

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1954
  • Price/Sqft : $483.61
  • 3 Days on Market
  • MLS # : CC40928321
  • Updated Date : 11/07/2020 at 12:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,220 sqft
  • Baths : 2 full
Listing Agent

Dudum Real Estate Group

Listing Agent's Description

Just In Time For The Holiday Season Is This Sparkling Clean & Well Maintained 3 Bedroom 2 Bath Home In Glenbrook Heights. Updated Kitchen With Custom White Cabinetry And Quartz Countertops. Both Bathrooms Have Been Updated, One With A Skylight For Natural Lighting! Popular Open Beam Ceilings & Plantation Shutters. Built In A Professional Workman Like Manner, But Not Included In The 1220 Foot Gross Living Space (per appraisal) Is A 464 Sq Foot Bonus/Family Room Addition With A Cozy Pellet Stove. Indoor Laundry, Tons Of Storage Inside As Well As 2 Workshops/Sheds In Back Yard. Well Water Irrigation For A Glorious Plush Green Lawn & Garden. The Patio Area Has Newer Concrete And A Retractable Awning. Close To Bart, Freeways Shopping & Restaurants. ELECTRIC CAR CHARGER IN CAR PORT!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mount Diablo

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $183k1015k

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

Neighborhood: Mount Diablo

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14543193

* 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
Sun Terrace Elementary School Primary Regular 564 22 3
El Dorado Middle School Middle Regular 976 42 2
Mt. Diablo High School High Regular 1,352 77 4

Sun Terrace Elementary School

  • Education Level: Primary
  • # of students: 564
  • # of teachers: 22
3
GreatSchools Rating

El Dorado Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 42
2
GreatSchools Rating

Mt. Diablo High School

  • Education Level: High
  • # of students: 1,352
  • # of teachers: 77
4
GreatSchools Rating
 

$531,000$649,000$590,000

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$2,177
Property Tax -$655
Property Insurance -$57
Property Management Fees -$149
CASH FLOW
-$467

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.

$590,000

PROJECTED PRICE

$2,570

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.8%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$162,100

INVESTMENT

$162,100

Down Payment
$147,500
Rehab Estimate
$5,750
Closing Costs
$8,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,500
Loan Amount $442,500
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$17,991

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,570

    LIST RENT
  • $2.11

    LIST RENT PER SQFT
  • $2,568

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4503$2,5504$2,5705$2,875
$2,875
RENT COMPS ANALYSIS
  • 3031 Gratton Way Concord, CA 4
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,570
    • $2.11
    •  
  • Hickory Dr Concord, CA 1
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1947
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.00
    •  
  • 3198 Claudia Dr Concord, CA 2
    • 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 1955
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $2.09
    •  
  • 3049 Justin Way Concord, CA 3
    • 3 beds 2 baths ∙ 1,161 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,161 Sqft ∙ Built 1954
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $2.20
    •  
  • 3190 Meadowbrook Dr Concord, CA 5
    • 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1954
    property image
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $2.13
    •  
PROPERTY LISTING DETAILS
Christina Stratton
Dudum Real Estate Group
BESbswy