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3049 Chrisland Ct Concord, CA 94520

3 Beds 2 Baths 1,685 sqft Built 2017

INVESTimate

$699,000

List Price

$2,920

$2,670 - $3,170

Rent Est.

$795,113  ( +13.75%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $414.84
  • 7 Days on Market
  • MLS # : BE40917618
  • Updated Date : 08/25/2020 at 14:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,685 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Tri-valley

Listing Agent's Description

This is it! Remarkable almost new home in the heart of Concord. You are going to love this home. Almost everything is brand new and barely lived in. Visit 3049Chrisland.com for more details and the floor plan. Very spacious floor plan with a lot of natural light. Stunning kitchen with quartz counters, tile back splash, and SS appliances. Smooth wall texture, recessed LED lighting, fire sprinklers, wood vinyl flooring throughout, crown molding, and so much more! Massive master bedroom with a huge walk-in closet. Custom tile throughout the master bathroom. Custom stamped hardscape in front and back. Large lot with fresh sod in front and back, vegetable garden planter box, new fencing. Much more information at 3049Chrisland.com. Will not last long!

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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,579
Property Tax -$776
Property Insurance -$68
Property Management Fees -$149
CASH FLOW
-$652

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.

$699,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.75%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$13,317

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
  • $3,286

    COMP ESTIMATED VALUE
  • $1.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,600
$3,600
RENT COMPS ANALYSIS
  • 3049 Chrisland Ct Concord, 1
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2861 Fitzgerald Ct Concord, 2
    • 3 beds 3 baths ∙ 1,530 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,530 Sqft ∙ Built 2004
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.90
    •  
  • 2300 Hemlock Ave Concord, 3
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2020
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.00
    •  
PROPERTY LISTING DETAILS
Daniel Gamache
Keller Williams Tri-valley
BESbswy