Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3445 Klamath Woods Pl Concord, CA 94518

5 Beds 3 Baths 2,466 sqft Built 1965

$850,000

List Price

$3,680

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1965
  • Price/Sqft : $344.69
  • 3 Days on Market
  • MLS # : CC40928394
  • Updated Date : 11/07/2020 at 13:36
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,466 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

This remodeled smart home has a gourmet kitchen with a stainless-steel Viking stove and double oven. The stove is surrounded by new cabinets crowned with beautiful marble countertops. The oversized in-kitchen bar features a butcher-block countertop and a built-in stainless-steel microwave. The living room is fully ready for entertaining. It is wired to mount 5 televisions and the house has speakers throughout. The Ring video security system keeps everyone safe throughout the home. The centerpiece of the backyard is a large in-ground, solar heated pool. The spacious upstairs shimmers with original hardwood floors and 4 additional bedrooms. The hallway bathroom is fully remodeled with marble countertop and tile floors. The master bedroom is comfortable and spacious with his & her closets. The master bath features marble countertops, a sauna and a luxurious shower. The home is walking distance from the Contra Costa Canal Trail, shopping, restaurants and multiple schools. Must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Palms

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $226k1224k

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

Neighborhood: The Palms

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200Rent in $16323336

* 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
Woodside Elementary School Primary Regular 395 15 5
Oak Grove Middle School Middle Regular 695 40 1
Ygnacio Valley High School High Regular 1,134 53 4

Woodside Elementary School

  • Education Level: Primary
  • # of students: 395
  • # of teachers: 15
5
GreatSchools Rating

Oak Grove Middle School

  • Education Level: Middle
  • # of students: 695
  • # of teachers: 40
1
GreatSchools Rating

Ygnacio Valley High School

  • Education Level: High
  • # of students: 1,134
  • # of teachers: 53
4
GreatSchools Rating
 

$765,000$935,000$850,000

PURCHASE PRICE

$3,312$4,048$3,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,680
EXPENSES Loan Payment -$3,136
Property Tax -$910
Property Insurance -$87
Property Management Fees -$180
CASH FLOW
-$633

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.

$850,000

PROJECTED PRICE

$3,680

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.2%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$26,794

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,680

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $3,724

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$3,495
1$3,4952$3,5003$3,6804$3,8005$3,850
$3,850
RENT COMPS ANALYSIS
  • 3445 Klamath Woods Pl Concord, CA 3
    • 5 beds 3 baths ∙ 2,466 Sqft ∙ Built 1965 5 beds 3 baths ∙ 2,466 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,680
    • $1.49
    •  
  • 2010 Gill Port Ln Walnut Creek, CA 1
    • 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 1969
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.54
    •  
  • 2195 Smith Ln Concord, CA 2
    • 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1955 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1955
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.61
    •  
  • 4499 Sweet Shrub Ct Concord, CA 4
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 1976
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.45
    •  
  • 744 San Marcos Ct Concord, CA 5
    • 5 beds 4 baths ∙ 2,673 Sqft ∙ Built 1964 5 beds 4 baths ∙ 2,673 Sqft ∙ Built 1964
    property image
    LEASED 05/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.44
    •  
PROPERTY LISTING DETAILS
Ron Melvin
Keller Williams Realty
BESbswy