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3225 Dimaggio Way Antioch, CA 94509

4 Beds 2 Baths 1,595 sqft Built 1977

$524,999

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $329.15
  • 4 Days on Market
  • MLS # : CC40921145
  • Updated Date : 11/07/2020 at 10:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,595 sqft
  • Baths : 2 full
Listing Agent

Realty One Group Elite

Listing Agent's Description

Great 4 bedroom home with no rear neighbors. House offers many updates. Kitchen has white cabinets, granite counters, SS appliances, SS sink, & tile flooring, plus eating area. Two living spaces, one with vaulted ceiling and other has brick fireplace. Master bedroom has 2 closets. Home has new front landscaping and paint, plus newer driveway. Interior has new paint, new carpet, laminate flooring, lighting, hardware. Baths have been updated and home has dual pane windows. Back yard has patio and backs to park! Great floor plan!

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
Turner Elementary School Primary Regular 613 21 1
Antioch Middle School Middle Regular 759 28 1
Antioch High School High Regular 1,774 76 3

Turner Elementary School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 21
1
GreatSchools Rating

Antioch Middle School

  • Education Level: Middle
  • # of students: 759
  • # of teachers: 28
1
GreatSchools Rating

Antioch High School

  • Education Level: High
  • # of students: 1,774
  • # of teachers: 76
3
GreatSchools Rating
 

$472,499$577,499$524,999

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,937
Property Tax -$574
Property Insurance -$66
Property Management Fees -$149
CASH FLOW
-$376

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.

$524,999

PROJECTED PRICE

$2,350

PROJECTED RENT

0.45%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,749
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$20,027

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $2,556

    COMP ESTIMATED VALUE
  • $1.6

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4003$2,5004$2,6005$2,675
$2,675
RENT COMPS ANALYSIS
  • 3225 Dimaggio Way Antioch, CA 1
    • 4 beds 2 baths ∙ 1,595 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,595 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.47
    •  
  • 1109 Saint Frances Dr Antioch, CA 2
    • 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1969
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.52
    •  
  • 2001 Reseda Way Antioch, CA 3
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1977
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.56
    •  
  • 2762 Del Oro Cir Antioch, CA 4
    • 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1967
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.59
    •  
  • 2977 Palo Verde Way Antioch, CA 5
    • 4 beds 2 baths ∙ 1,535 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,535 Sqft ∙ Built 1971
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $1.74
    •  
PROPERTY LISTING DETAILS
Ron Pilgrim
Realty One Group Elite
BESbswy