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3871 Larkspur Dr Concord, CA 94519

4 Beds 3 Baths 2,233 sqft Built 2005

INVESTimate

$739,000

List Price

$3,440

$3,190 - $3,690

Rent Est.

$802,628  ( +8.61%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $330.94
  • 6 Days on Market
  • MLS # : CC40917669
  • Updated Date : 08/21/2020 at 13:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,233 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Accord

Listing Agent's Description

3 bedrooms plus a loft*previous model home* Beautiful Laminate hardwood floors* high ceilings*recessed lights* built in speakers*house vacuum system*ceiling fans* 2 zone heat/air*living and dining room* kitchen family room combo w/gas FP* tall french doors going out to the backyard* plenty of windows throughout=light and bright*kitchen boasts tile floors, granite counter, tiled backsplash, cherrywood cabinets, large pantry, built in wine rack, pendant lighting,*fridge, A/C and microwave approx 2 years new*Nice size loft and bedrooms*The master has a balcony with a little view.*2 mirrored walk in closets, the bathroom is like a spa with his/hers vanities, jetted tub,custom tile, just a beauty! Walk to Monte Gardens Elementary School

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
Monte Gardens Elementary School Primary Magnet 555 20 9
El Dorado Middle School Middle Regular 976 42 2
Concord High School High Regular 1,544 68 6

Monte Gardens Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 20
9
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
 

$665,100$812,900$739,000

PURCHASE PRICE

$3,096$3,784$3,440

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,440
EXPENSES Loan Payment -$2,727
Property Tax -$820
Property Insurance -$81
HOA -$77
Property Management Fees -$169
CASH FLOW
-$433

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.

$739,000

PROJECTED PRICE

$3,440

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.61%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$201,585

INVESTMENT

$201,585

Down Payment
$184,750
Rehab Estimate
$5,750
Closing Costs
$11,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,727

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $184,750
Loan Amount $554,250
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$32,257

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
  • $3,751

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$4,000
$4,000
RENT COMPS ANALYSIS
  • 3871 Larkspur Dr Concord, 1
    • 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Hidden Grove Ln Concord, 2
    • 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 2005
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.57
    •  
  • 3544 Wren Ave Concord, 3
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2017
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.79
    •  
PROPERTY LISTING DETAILS
Tina Van Arsdale
Re/max Accord
BESbswy