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3070 San Miguel Ct Concord, CA 94518

3 Beds 3 Baths 1,993 sqft Built 1984

$830,000

List Price

$3,320

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $416.46
  • 3 Days on Market
  • MLS # : CC40933667
  • Updated Date : 01/08/2021 at 21:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,993 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Nestled in a peaceful Concord cul-de-sac, this spacious single-story home is walking distance to the Concord BART station and downtown Concord. The home offers a spacious living room, dining room and family room. It is ideal for entertaining. The master suite features a sliding glass door with access to the peaceful backyard and patio. The home borders Walnut Creek and grants easy access to Walnut Creek shopping and restaurants. The home is minutes from the freeway, schools, and the beautiful trails in central Contra Costa County. If you are looking for a Concord home, you must see this one!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94518

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1026k

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

Zip Code: 94518

ZipNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000Rent in $16323193

* 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
Woodside Elementary School Primary Regular 395 15 5
Oak Grove Middle School Middle Regular 695 40 1
Ygnacio Valley High School High Regular 1,134 53 4

Woodside Elementary School

  • Education Level: Primary
  • # of students: 395
  • # of teachers: 15
5
GreatSchools Rating

Oak Grove Middle School

  • Education Level: Middle
  • # of students: 695
  • # of teachers: 40
1
GreatSchools Rating

Ygnacio Valley High School

  • Education Level: High
  • # of students: 1,134
  • # of teachers: 53
4
GreatSchools Rating
 

$747,000$913,000$830,000

PURCHASE PRICE

$2,988$3,652$3,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,320
EXPENSES Loan Payment -$2,883
Property Tax -$921
Property Insurance -$75
Property Management Fees -$163
CASH FLOW
-$722

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.

$830,000

PROJECTED PRICE

$3,320

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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-$15k-$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$225,700

INVESTMENT

$225,700

Down Payment
$207,500
Rehab Estimate
$5,750
Closing Costs
$12,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,883

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $207,500
Loan Amount $622,500
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$12,901

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
  • $3,373

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$3,1954$3,1955$3,400
$3,400
RENT COMPS ANALYSIS
  • 3070 San Miguel Ct Concord, CA 1
    • 3 beds 3 baths ∙ 1,993 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,993 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1059 Fox Meadow Way Concord, CA 2
    • 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 1977
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.67
    •  
  • 2851 Saint Joseph Dr. Concord, CA 3
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1980
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.78
    •  
  • 894 Saint John Cir Concord, CA 4
    • 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1979
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.65
    •  
  • 4525 Shellflower Ct Concord, CA 5
    • 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 1981
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.67
    •  
PROPERTY LISTING DETAILS
Ron Melvin
Keller Williams Realty
BESbswy