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3567 Walnut Ave Concord, CA 94519

3 Beds 1 Baths 1,085 sqft Built 1938

$499,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1938
  • Price/Sqft : $459.91
  • 3 Days on Market
  • MLS # : MR40928272
  • Updated Date : 11/06/2020 at 08:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,085 sqft
  • Baths : 1 full
Listing Agent

Berkshire Hathaway-franciscan

Listing Agent's Description

This charming Concord farm style home features 3 bedrooms, 1 bath floor plan with wood floors & modern crown molding in the living & dining area. A bright and airy kitchen, remodeled bath boasting classic subway tile, new vanity & Italian stone flooring. A laundry area & large private bedroom complete the main level. Located on the upper level are 2 remaining rooms which include the master bedroom. The home sits on large 4,928 sq. ft. lot with an expansive 1 car garage with potential for a guest house or second unit. Two driveways and RV parking allows for more than enough space for all vehicles. A short distance form groceries, shops, dinning and transportation. 3D tour available at www.3567walnut.com

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94519

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Zip Code: 94519

ZipNIR 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
Wren Avenue Elementary School Primary Regular 544 20 4
El Dorado Middle School Middle Regular 976 42 2
Concord High School High Regular 1,544 68 6

Wren Avenue Elementary School

  • Education Level: Primary
  • # of students: 544
  • # of teachers: 20
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
 

$449,100$548,900$499,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,841
Property Tax -$554
Property Insurance -$53
Property Management Fees -$149
CASH FLOW
-$637

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.

$499,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.6%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,776

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $1.81

    LIST RENT PER SQFT
  • $1,714

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,9603$2,395
$2,395
RENT COMPS ANALYSIS
  • 3567 Walnut Ave Concord, CA 2
    • 3 beds 1 baths ∙ 1,085 Sqft ∙ Built 1938 3 beds 1 baths ∙ 1,085 Sqft ∙ Built 1938
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.81
    •  
  • 3113 Montebello Ct Concord, CA 1
    • 3 beds 1 baths ∙ 1,120 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,120 Sqft ∙ Built 1953
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.43
    •  
  • 1786 Toyon Dr Concord, CA 3
    • 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1955
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.73
    •  
PROPERTY LISTING DETAILS
Raul Castro
Berkshire Hathaway-franciscan
BESbswy