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3120 Elizabeth Ln Antioch, CA 94509

3 Beds 1 Baths 961 sqft Built 1955

$399,950

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 1955
  • Price/Sqft : $416.18
  • 2 Days on Market
  • MLS # : CC40928503
  • Updated Date : 11/07/2020 at 16:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 961 sqft
  • Baths : 1 full
Listing Agent

Property Upsurge, Inc.

Listing Agent's Description

You will love this 961 sq ft, 3 bedroom, 1 bathroom single family home which sits on a 5100 Sq Ft lot in Antioch! The home features a one car garage, updated counter tops and stainless steel appliances in the kitchen, updated features in the bathroom, and new flooring and paint throughout. Includes a manicured front yard and a fenced in backyard with large covered area.Very close to schools, shopping, and freeway access.

SEE MORE

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
 

$359,955$439,945$399,950

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,476
Property Tax -$437
Property Insurance -$50
Property Management Fees -$149
CASH FLOW
-$272

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.

$399,950

PROJECTED PRICE

$1,840

PROJECTED RENT

0.46%

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

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$111,737

INVESTMENT

$111,737

Down Payment
$99,988
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,988
Loan Amount $299,963
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$18,546

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
  • $1,326

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,695
$1,695
RENT COMPS ANALYSIS
  • 3120 Elizabeth Ln Antioch, CA 1
    • 3 beds 1 baths ∙ 961 Sqft ∙ Built 1955 3 beds 1 baths ∙ 961 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2603 Carlton Ln Antioch, CA 2
    • 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
    •  
  • 619 W 17th St B Antioch, CA 3
    • 3 beds 1 baths ∙ 1,070 Sqft ∙ Built 1938 3 beds 1 baths ∙ 1,070 Sqft ∙ Built 1938
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.58
    •  
PROPERTY LISTING DETAILS
Eric Huber
Property Upsurge, Inc.
BESbswy