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3483 Thunderbird Dr Concord, CA 94520

3 Beds 2 Baths 1,265 sqft Built 1961

$668,888

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1961
  • Price/Sqft : $528.77
  • 2 Days on Market
  • MLS # : BE40927650
  • Updated Date : 11/02/2020 at 20:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,265 sqft
  • Baths : 2 full
Listing Agent

Excel Realty

Listing Agent's Description

Gorgeous, renovated home with tons of upgrades, All work done with "PERMITS" located in a great neighborhood. Just a few minutes to freeway. WALK TO BART. Just installed new roof, new attractive flooring throughout, new baseboards, new crown moldings, new doors, Fresh new paint interior & exterior. Spacious living room with new recessed lights. Modern kitchen with new Gray shaker cabinets, new beautiful quartz countertops, new mosaic tiled full backsplash, New stainless steel appliances. All bedrooms have new waterproof floors, closet doors, light fixtures. Hall bathroom has new vanity with quartz top, new sink, faucet, mirror, light fixture. Master bath has new tile floor, mirror & light fixture. Beautiful landscaping in the front yard . Near schools, shopping, parks. Hurry!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $203k1018k

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

Neighborhood: Sun Terrace

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
Sun Terrace Elementary School Primary Regular 564 22 3
El Dorado Middle School Middle Regular 976 42 2
Mt. Diablo High School High Regular 1,352 77 4

Sun Terrace Elementary School

  • Education Level: Primary
  • # of students: 564
  • # of teachers: 22
3
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
 

$601,999$735,777$668,888

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,468
Property Tax -$742
Property Insurance -$58
Property Management Fees -$149
CASH FLOW
-$887

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.

$668,888

PROJECTED PRICE

$2,530

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.4%
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-$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$183,005

INVESTMENT

$183,005

Down Payment
$167,222
Rehab Estimate
$5,750
Closing Costs
$10,033

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,468

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $167,222
Loan Amount $501,666
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,605

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
  • $2,600

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,4504$2,5505$2,800
$2,800
RENT COMPS ANALYSIS
  • 3483 Thunderbird Dr Concord, CA 1
    • 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Hickory Dr Concord, CA 2
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1947
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.00
    •  
  • 3198 Claudia Dr Concord, CA 3
    • 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 1955
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $2.09
    •  
  • 3049 Justin Way Concord, CA 4
    • 3 beds 2 baths ∙ 1,161 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,161 Sqft ∙ Built 1954
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $2.20
    •  
  • 2491 Sun View Ter Concord, CA 5
    • 4 beds 2 baths ∙ 1,448 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,448 Sqft ∙ Built 1974
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.93
    •  
PROPERTY LISTING DETAILS
Mike Daoudi
Excel Realty
BESbswy