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3342 Moretti Dr Concord, CA 94519

4 Beds 2 Baths 1,422 sqft Built 1953

$639,000

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1953
  • Price/Sqft : $449.37
  • 5 Days on Market
  • MLS # : CC40927573
  • Updated Date : 11/02/2020 at 06:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,422 sqft
  • Baths : 2 full
Listing Agent

Buyer's Brokers Realty

Listing Agent's Description

Rare property featuring 4 year old added quality 17 x 21 shop/business/hobby building! This beautiful home has 4 bedrooms PLUS a small office with outside entrance ideal for work at home! Fully remodeled and reconfigured with open ceilings throughout for a light and open feeling! Special features include a large indoor laundry room, all new copper plumbing, beautiful vinyl plank flooring, the roof is only 4 years old, new exterior and interior paint and forced Air conditioning and Heating. Backs to great Willow Pass park! Awesome kitchen is fully remodeled with custom cabinets, granite counters and stainless appliances. Updated bathrooms. Dual pane windows. One mile to BART. Close to shopping, restaurants, sports fields, hiking and much more. Membership in the nearby and modern Holbrook Heights Community Pool, playground, cabana and park is also featured for homeowners to enjoy. This is truly a special property; and all the work is done - just move in and enjoy!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Holbrook

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1022k

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

Neighborhood: Holbrook

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
Holbrook Language Academy Primary Unknown NA
El Dorado Middle School Middle Regular 976 42 2
Mt. Diablo High School High Regular 1,352 77 4

Holbrook Language Academy

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$575,100$702,900$639,000

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$2,358
Property Tax -$709
Property Insurance -$61
HOA -$320
Property Management Fees -$149
CASH FLOW
-$807

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.

$639,000

PROJECTED PRICE

$2,790

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.6%
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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$175,085

INVESTMENT

$175,085

Down Payment
$159,750
Rehab Estimate
$5,750
Closing Costs
$9,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,358

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $159,750
Loan Amount $479,250
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,811

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,790

    LIST RENT
  • $1.96

    LIST RENT PER SQFT
  • $2,837

    COMP ESTIMATED VALUE
  • $1.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,7903$2,8004$3,0005$3,400
$3,400
RENT COMPS ANALYSIS
  • 3342 Moretti Dr Concord, CA 2
    • 4 beds 2 baths ∙ 1,422 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,422 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $1.96
    •  
  • 3198 Claudia Dr Concord, CA 1
    • 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 1955
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $2.09
    •  
  • 3180 Ida Dr Concord, CA 3
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1954
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.84
    •  
  • 3343 Benton St Concord, CA 4
    • 4 beds 2 baths ∙ 1,536 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,536 Sqft ∙ Built 1965
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.95
    •  
  • 3133 Baker Drive Concord, CA 5
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1954
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.10
    •  
PROPERTY LISTING DETAILS
William Polsley
Buyer's Brokers Realty
BESbswy