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3405 Bellflower Dr Antioch, CA 94531

3 Beds 3 Baths 1,487 sqft Built 1986

$479,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $322.13
  • 4 Days on Market
  • MLS # : CC40932365
  • Updated Date : 12/24/2020 at 17:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,487 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Accord

Listing Agent's Description

Outstanding home 3BE/2.5BA plus bonus room with spectacular views, ready to move. Just few minutes to new BART Station and Freeway, close to shopping, parks and schools. Fresh painting, new carpet. New stove, new microwave, newer Air Conditioner and Heating System. Washer, Dryer and refrigerator are included.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94531

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $214k1015k

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

Zip Code: 94531

ZipNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $12473193

* 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
Grant Elementary School Primary Regular 500 20 2
Black Diamond Middle School Middle Regular 667 25 1
Deer Valley High School High Regular 2,659 113 5

Grant Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 20
2
GreatSchools Rating

Black Diamond Middle School

  • Education Level: Middle
  • # of students: 667
  • # of teachers: 25
1
GreatSchools Rating

Deer Valley High School

  • Education Level: High
  • # of students: 2,659
  • # of teachers: 113
5
GreatSchools Rating
 

$431,100$526,900$479,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,767
Property Tax -$524
Property Insurance -$63
Property Management Fees -$149
CASH FLOW
-$143

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.

$479,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.1%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$38,611

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
  • $2,167

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0953$2,1954$2,3005$2,600
$2,600
RENT COMPS ANALYSIS
  • 3405 Bellflower Dr Antioch, CA 1
    • 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 901 Basalt Way Antioch, CA 2
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1980
    property image
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.43
    •  
  • 2237 Brazil Dr Antioch, CA 3
    • 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 1994
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.59
    •  
  • 4936 Chaps Ct Antioch, CA 4
    • 4 beds 3 baths ∙ 1,680 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,680 Sqft ∙ Built 1995
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.37
    •  
  • 2632 Point Lobos Ct Antioch, CA 5
    • 4 beds 2 baths ∙ 1,805 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,805 Sqft ∙ Built 1985
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.44
    •  
PROPERTY LISTING DETAILS
Jorge Salas
Re/max Accord
BESbswy