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3562 Kimball Way Concord, CA 94518

5 Beds 3 Baths 2,263 sqft Built 1973

INVESTimate

$775,000

List Price

$3,550

$3,300 - $3,800

Rent Est.

$830,955  ( +7.22%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $342.47
  • 6 Days on Market
  • MLS # : CC40917363
  • Updated Date : 08/25/2020 at 17:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,263 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Warm inviting home on quiet private lane - Homes like this are a rare find; spacious, beautiful, 1 level, hardwood flooring, brand new carpet. Approach front door- marvel at quaintness of surrounding area, a sweet porch & garden w/ wondrous charm. Upon entry, to the right is large living room & dining room. Thru the foyer, enter to family room w/ fireplace & Anderson French Door to backyard. Next is the fantastic upgraded kitchen boasting custom finishes incl granite counters, stone backsplash and cabinets. Stainless Steel Appliances incl.Refrigerator & Thermador Gas Range. Opposite the kitchen is a bedroom used as home office. On this side of house also a full bath & inside laundry. Back to foyer, make your way down hallway to 3 huge bedrooms AND spacious Master bedroom with sliding door opening to the backyard. Gorgeous BY w/ almost � acre, all sorts of blooms, fruit trees, vegetable garden, dog run & so much more. Enjoy low energy bills w/ newer dual pane windows + Owned Solar.

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PRICE & RENT TRENDS

Zip Code: 94518

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1026k

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

Zip Code: 94518

ZipNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000Rent in $16323193

* 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
El Monte Elementary School Primary Regular 464 19 4
El Dorado Middle School Middle Regular 976 42 2
Concord High School High Regular 1,544 68 6

El Monte Elementary School

  • Education Level: Primary
  • # of students: 464
  • # of teachers: 19
4
GreatSchools Rating

El Dorado Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 42
2
GreatSchools Rating

Concord High School

  • Education Level: High
  • # of students: 1,544
  • # of teachers: 68
6
GreatSchools Rating
 

$697,500$852,500$775,000

PURCHASE PRICE

$3,195$3,905$3,550

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,550
EXPENSES Loan Payment -$2,859
Property Tax -$860
Property Insurance -$82
Property Management Fees -$174
CASH FLOW
-$425

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.

$775,000

PROJECTED PRICE

$3,550

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.22%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$36,865

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
  • $3,711

    COMP ESTIMATED VALUE
  • $1.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1953$3,2004$3,2505$3,400
$3,400
RENT COMPS ANALYSIS
  • 3562 Kimball Way Concord, 1
    • 5 beds 3 baths ∙ 2,263 Sqft ∙ Built 1973 5 beds 3 baths ∙ 2,263 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 894 Saint John Cir Concord, 2
    • 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1979
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.65
    •  
  • 4662 Greenbush Dr Concord, 3
    • 4 beds 2 baths ∙ 2,003 Sqft ∙ Built 1966 4 beds 2 baths ∙ 2,003 Sqft ∙ Built 1966
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.60
    •  
  • 4348 Wilson Ln Concord, 4
    • 5 beds 2 baths ∙ 1,976 Sqft ∙ Built 1964 5 beds 2 baths ∙ 1,976 Sqft ∙ Built 1964
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.64
    •  
  • 4525 Shellflower Ct Concord, 5
    • 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 1981
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.67
    •  
PROPERTY LISTING DETAILS
Deborah Zacharatos
Keller Williams Realty
BESbswy