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31 Heritage Ct Walnut Creek, CA 94597

3 Beds 2 Baths 1,304 sqft Built 1972

INVESTimate

$985,000

List Price

$3,490

$3,240 - $3,740

Rent Est.

$1,052,571  ( +6.86%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $755.37
  • 8 Days on Market
  • MLS # : CC40916932
  • Updated Date : 08/19/2020 at 15:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,304 sqft
  • Baths : 2 full
Listing Agent

Dudum Real Estate Group

Listing Agent's Description

Perfect 10! Light filled, move-in ready home with excellent floor plan. Kitchen opens to dining and family room. Living room with vaulted ceiling features french doors that open to large deck perfect for entertaining. Coveted cul-de-sac location near BART, highway, town and top Walnut Creek schools. Many upgrades including newer roof, water heater, fencing, landscaping, remodeled bathroom and more. Don't miss this wonderful home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Buena Vista Area

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Buena Vista Area

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714076

* 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
Buena Vista Elementary School Primary Regular 546 24 7
Walnutcreek Intermediate School Middle Regular 1,219 48 8
Las Lomas High School High Regular 1,541 75 9

Buena Vista Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 24
7
GreatSchools Rating

Walnutcreek Intermediate School

  • Education Level: Middle
  • # of students: 1,219
  • # of teachers: 48
8
GreatSchools Rating

Las Lomas High School

  • Education Level: High
  • # of students: 1,541
  • # of teachers: 75
9
GreatSchools Rating
 

$886,500$1,083,500$985,000

PURCHASE PRICE

$3,141$3,839$3,490

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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,490
EXPENSES Loan Payment -$3,634
Property Tax -$1,055
Property Insurance -$59
Property Management Fees -$171
CASH FLOW
-$1,429

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.

$985,000

PROJECTED PRICE

$3,490

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.86%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$266,775

INVESTMENT

$266,775

Down Payment
$246,250
Rehab Estimate
$5,750
Closing Costs
$14,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,634

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $246,250
Loan Amount $738,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$967

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
  • $3,042

    COMP ESTIMATED VALUE
  • $2.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$3,2004$3,3005$3,350
$3,350
RENT COMPS ANALYSIS
  • 31 Heritage Ct Walnut Creek, 1
    • 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2074 Hoover Ave Pleasant Hill, 2
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1972
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.06
    •  
  • 2671 Sandpiper Ct Walnut Creek, 3
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1973
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.30
    •  
  • 65 Valla Court Walnut Creek, 4
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1954
    LEASED 10/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.41
    •  
  • 2354 Mallard Dr Walnut Creek, 5
    • 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1962
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.56
    •  
PROPERTY LISTING DETAILS
Leslie Shafton
Dudum Real Estate Group
BESbswy