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3628 Corte Segundo Concord, CA 94519

4 Beds 2 Baths 1,584 sqft Built 1975

$719,950

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $454.51
  • 3 Days on Market
  • MLS # : CC40934482
  • Updated Date : 01/15/2021 at 17:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,584 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

What an awesome opportunity for a new owner to get a move-in ready Concord home! This centrally located, ranch style home sits on a flag lot off of a court location and is very private. The kitchen and baths have had recent updating and the house is in excellent shape. The owners have an above ground pool that will either convey with the sale, or the sellers can remove it prior to closing. There are many amenities close by. This one won't last long so make arrangements to get in and see it!

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
 

$647,955$791,945$719,950

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$2,501
Property Tax -$799
Property Insurance -$65
Property Management Fees -$154
CASH FLOW
-$379

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.

$719,950

PROJECTED PRICE

$3,140

PROJECTED RENT

0.44%

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$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

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$196,537

INVESTMENT

$196,537

Down Payment
$179,988
Rehab Estimate
$5,750
Closing Costs
$10,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,501

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $179,988
Loan Amount $539,963
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$27,293

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
  • $3,105

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4903$2,5994$3,2505$3,350
$3,350
RENT COMPS ANALYSIS
  • 3628 Corte Segundo Concord, CA 1
    • 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1741 Sapling Ct B Concord, CA 2
    • 3 beds 3 baths ∙ 1,288 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,288 Sqft ∙ Built 1984
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $1.93
    •  
  • 3931 Mulberry Dr Concord, CA 3
    • 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1956
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,599
    • $2.05
    •  
  • 4145 Eden Ct Concord, CA 4
    • 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 1961
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.91
    •  
  • 1407 Babel Ln Concord, CA 5
    • 4 beds 2 baths ∙ 1,716 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,716 Sqft ∙ Built 1956
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.95
    •  
PROPERTY LISTING DETAILS
David Zabarte
Keller Williams Realty
BESbswy