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3737 Bon Homme Way Concord, CA 94518

3 Beds 3 Baths 2,289 sqft Built 1954

$865,000

List Price

$3,620

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $377.89
  • 7 Days on Market
  • MLS # : CC40933351
  • Updated Date : 01/13/2021 at 11:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,289 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Custom built 1953 rancher nestled on quiet court. Original craftsmanship & character is preserved while many valuable modern improvements have been added since 2018. The living rm boasts wood beamed ceilings, gas log fireplace & beautiful original 3/4" solid oak floors that flow thru much of the home. Custom 15' wide sliding glass doors capture the park like back yard setting. Country kitchen has tons of cabinets, a skylight, Viking stove & hood w/ heat lamps, new dishwasher & disposal. The interior & exterior have been freshly painted & new upgraded Vinyl Plank flrs installed in family rm, kitchen, nook, large laundry rm & all 3 baths. Family rm with side entrance, has perfect in-law or studio potential. NEW Improvements inc. roof & gutters, central heat/air & duct-work, ga door, finished gar, enlarged attic storage, tank-less water heater w/ circulating pump to kit, baseboards, carpet in mbdrm, outside BBQ island/grill, 10'x12' storage shed, garden w/ fruit trees & more! A MUST SEE!

SEE MORE

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
 

$778,500$951,500$865,000

PURCHASE PRICE

$3,258$3,982$3,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,620
EXPENSES Loan Payment -$3,004
Property Tax -$960
Property Insurance -$82
Property Management Fees -$177
CASH FLOW
-$604

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.

$865,000

PROJECTED PRICE

$3,620

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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-$15k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$234,975

INVESTMENT

$234,975

Down Payment
$216,250
Rehab Estimate
$5,750
Closing Costs
$12,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,004

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $216,250
Loan Amount $648,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$22,194

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,620

    LIST RENT
  • $1.58

    LIST RENT PER SQFT
  • $3,674

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,5003$3,620
$3,620
RENT COMPS ANALYSIS
  • 3737 Bon Homme Way Concord, CA 3
    • 3 beds 3 baths ∙ 2,289 Sqft ∙ Built 1954 3 beds 3 baths ∙ 2,289 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $3,620
    • $1.58
    •  
  • 4662 Greenbush Dr Concord, CA 1
    • 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
    •  
  • 2195 Smith Ln Concord, CA 2
    • 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1955 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1955
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.61
    •  
PROPERTY LISTING DETAILS
Lynda Dimond
Keller Williams Realty
BESbswy