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3661 Sunview Way Concord, CA 94520

3 Beds 2 Baths 1,364 sqft Built 1974

$599,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $439.15
  • 3 Days on Market
  • MLS # : CC40928467
  • Updated Date : 11/13/2020 at 10:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,364 sqft
  • Baths : 2 full
Listing Agent

Re/max Accord

Listing Agent's Description

A commuters dream! Nicely updated East Sun Terrace home with Mt. Diablo views. New interior paint and flooring throughout. Open kitchen/dining room combo with stainless appliances and access to backyard deck. The master bedroom includes designer paint & closet doors, beautifully updated bathroom with travertine tile and stone. Newly landscaped front yard and expansive backyard deck with gorgeous views and access from the kitchen and master bedroom. Recently painted exterior, abundance of storage, custom baseboards and crown molding. Additional driveway w/side yard perfect for RV/boat storage. Within walking distance to BART, easy commute access, close to shopping, schools and transportation.

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
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,210
Property Tax -$665
Property Insurance -$60
Property Management Fees -$149
CASH FLOW
-$454

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.

$599,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.44%

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$19,479

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
  • $2,663

    COMP ESTIMATED VALUE
  • $1.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4503$2,8004$2,8005$3,000
$3,000
RENT COMPS ANALYSIS
  • 3661 Sunview Way Concord, CA 1
    • 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3198 Claudia Dr Concord, CA 2
    • 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 1955
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $2.09
    •  
  • 3180 Ida Dr Concord, CA 3
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1954
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.84
    •  
  • 2491 Sun View Ter Concord, CA 4
    • 4 beds 2 baths ∙ 1,448 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,448 Sqft ∙ Built 1974
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.93
    •  
  • 3343 Benton St Concord, CA 5
    • 4 beds 2 baths ∙ 1,536 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,536 Sqft ∙ Built 1965
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.95
    •  
PROPERTY LISTING DETAILS
Janie Gervasi
Re/max Accord
BESbswy