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3434 Tupelo Drive Walnut Creek, CA 94598

4 Beds 2 Baths 1,781 sqft Built 1966

$1,275,000

List Price

$3,760

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1966
  • Price/Sqft : $715.89
  • 3 Days on Market
  • MLS # : CC40928269
  • Updated Date : 11/07/2020 at 08:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,781 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

NEW NORTHGATE LISTING! STUNNING 1 STORY HOME! COMPLETELY REMODELED w/FINEST QUALITY MATERIALS! Approximately $400K TOP TO BOTTOM RENOVATION. Features include GREAT CURB APPEAL w/stamped concrete driveway, OPEN FLOORPLAN w/ACACIA HARDWOOD FLOORING, formal dining room, CHEF'S GOURMET KITCHEN w/custom OVATION CABINETRY, leathered QUARTZITE countertops & MIELE appliances including induction cooktop & steam oven, ADJOINING FAMILY ROOM w/FABULOUS FIREPLACE, extensive CUSTOM LIGHTING and huge patio doors opens to GARDENER'S PARADISE BACKYARD, LARGE MASTER SUITE w/sliding patio doors & LUXURIOUS CARRARA MARBLE MASTER BATH, 3 secondary bedroom share 5 STAR GUEST BATH, large pantry & laundry room w/MIELE appliances, Elfa closet systems, instant hot water system & custom designed GARDENER'S PARADISE BACKYARD w/patios, winding path, plants & flowers, raised beds, in-ground drainage, custom storage shed & MUCH MORE... Nearby Whole Foods & Orchards shopping centers. EXCELLENT NORTHGATE SCHOOLS.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Woodlands

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1331k

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

Neighborhood: Woodlands

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
Valle Verde Elementary School Primary Regular 482 16 6
Foothill Middle School Middle Regular 1,014 40 9
Northgate High School High Regular 1,671 67 10

Valle Verde Elementary School

  • Education Level: Primary
  • # of students: 482
  • # of teachers: 16
6
GreatSchools Rating

Foothill Middle School

  • Education Level: Middle
  • # of students: 1,014
  • # of teachers: 40
9
GreatSchools Rating

Northgate High School

  • Education Level: High
  • # of students: 1,671
  • # of teachers: 67
10
GreatSchools Rating
 

$1,147,500$1,402,500$1,275,000

PURCHASE PRICE

$3,384$4,136$3,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,760
EXPENSES Loan Payment -$4,704
Property Tax -$1,290
Property Insurance -$70
Property Management Fees -$184
CASH FLOW
-$2,488

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.

$1,275,000

PROJECTED PRICE

$3,760

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$343,625

INVESTMENT

$343,625

Down Payment
$318,750
Rehab Estimate
$5,750
Closing Costs
$19,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,704

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $318,750
Loan Amount $956,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$71

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
  • $3,780

    COMP ESTIMATED VALUE
  • $2.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,5004$3,7005$4,000
$4,000
RENT COMPS ANALYSIS
  • 3434 Tupelo Drive Walnut Creek, CA 1
    • 4 beds 2 baths ∙ 1,781 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,781 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3215 Santa Paula Dr Concord, CA 2
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1962
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.17
    •  
  • 3330 Doral Ct Walnut Creek, CA 3
    • 4 beds 2 baths ∙ 1,779 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,779 Sqft ∙ Built 1968
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.97
    •  
  • 3205 San Gabriel Dr Concord, CA 4
    • 4 beds 3 baths ∙ 1,659 Sqft ∙ Built 1963 4 beds 3 baths ∙ 1,659 Sqft ∙ Built 1963
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.23
    •  
  • 932 Kane Cir Walnut Creek, CA 5
    • 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 1965
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.12
    •  
PROPERTY LISTING DETAILS
Rita Dhillon
Compass
BESbswy