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3891 Walnut Avenue Concord, CA 94519

4 Beds 2 Baths 1,960 sqft Built 1961

$858,000

List Price

$3,470

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $437.76
  • 3 Days on Market
  • MLS # : CC40934504
  • Updated Date : 01/16/2021 at 22:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,960 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

This picture-perfect home full of charm is yours to enjoy! Located in the very desirable Walnut Lands neighborhood of Concord, it is close to a half acre of opportunity. It begins with a spacious and welcoming front yard, a huge driveway, and two double gates for easy backyard access. A 1961 rancher that has been cared for over the years and boasts beautiful staggered plank oak hardwood floors, newer dual paned windows, new designer paint throughout, roomy living room with wood burning stove insert, kitchen opens to family room, formal dining area, updated bathrooms, private primary suite and 3 more large bedrooms, owned solar system = free electricity. Beyond the patio a green lawn bordered with fragrant roses lies a palatial backyard retreat with a well for irrigation, barn-style tool shed, room for possible pool and accessory dwelling unit. Mature fruit trees include grapefruit, lemon, orange, mandarin, kumquat, peach, cherry, fig, persimmon, and more! Wide streets and sidewalks.

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
Westwood Elementary School Primary Regular 363 17 3
El Dorado Middle School Middle Regular 976 42 2
Concord High School High Regular 1,544 68 6

Westwood Elementary School

  • Education Level: Primary
  • # of students: 363
  • # of teachers: 17
3
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
 

$772,200$943,800$858,000

PURCHASE PRICE

$3,123$3,817$3,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,470
EXPENSES Loan Payment -$2,980
Property Tax -$952
Property Insurance -$74
Property Management Fees -$170
CASH FLOW
-$707

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.

$858,000

PROJECTED PRICE

$3,470

PROJECTED RENT

0.40%

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-$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$233,120

INVESTMENT

$233,120

Down Payment
$214,500
Rehab Estimate
$5,750
Closing Costs
$12,870

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,980

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $214,500
Loan Amount $643,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$15,355

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
  • $3,734

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9503$3,2504$3,3505$3,400
$3,400
RENT COMPS ANALYSIS
  • 3891 Walnut Avenue Concord, CA 1
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4242 Brentwood Cir Concord, CA 2
    • 4 beds 2 baths ∙ 1,646 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,646 Sqft ∙ Built 1962
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.79
    •  
  • 4145 Eden Ct Concord, CA 3
    • 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 4
    • 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
    •  
  • 3978 Cottonwood Drive Concord, CA 5
    • 4 beds 3 baths ∙ 1,730 Sqft ∙ Built 1962 4 beds 3 baths ∙ 1,730 Sqft ∙ Built 1962
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.97
    •  
PROPERTY LISTING DETAILS
Sharry Chimienti
Compass
BESbswy