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391 Cordelia Way Walnut Creek, CA 94597

3 Beds 2 Baths 1,575 sqft Built 1953

$799,949

List Price

$3,500

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $507.90
  • 7 Days on Market
  • MLS # : ML81819670
  • Updated Date : 11/12/2020 at 13:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,575 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Welcome to 391 Cordelia Way. This beautiful 1575 sq ft ranch style home located on a tranquil cul-de-sac. Truly an amazing opportunity to own a house in Walnut Creek & reap the benefits of "sweat equity". Move right in or refresh/remodel to create your dream home. Freshly painted inside/outside, hardwood floors, a large living room w/brick fireplace, dining area w/built in hutch, eat in kitchen, spacious family room w/fireplace & built in shelves, new sliding glass doors leading to relaxing backyard. 10,240 sq ft lot contains an expansive rear yard w/covered patio area perfect for outdoor entertaining, endless possibilities for gardening enthusiasts & storage sheds. 2 car attached garage w/laundry area. Outstanding location near Larkey Park & walking trails. Close proximity to schools, shopping, restaurants, BART, Downtown Walnut Creek & freeway access in all directions. Dont miss out on this GREAT opportunity to own a wonderful home in a fantastic location!!

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PRICE & RENT TRENDS

Neighborhood: Larkey Park Area

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Larkey Park Area

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714076

* 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
Pleasant Hill Elementary School Primary Regular 702 27 7
Pleasant Hill Middle School Middle Regular 972 39 6
College Park High School High Regular 2,022 81 9

Pleasant Hill Elementary School

  • Education Level: Primary
  • # of students: 702
  • # of teachers: 27
7
GreatSchools Rating

Pleasant Hill Middle School

  • Education Level: Middle
  • # of students: 972
  • # of teachers: 39
6
GreatSchools Rating

College Park High School

  • Education Level: High
  • # of students: 2,022
  • # of teachers: 81
9
GreatSchools Rating
 

$719,954$879,944$799,949

PURCHASE PRICE

$3,150$3,850$3,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,500
EXPENSES Loan Payment -$2,951
Property Tax -$830
Property Insurance -$65
Property Management Fees -$172
CASH FLOW
-$519

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.

$799,949

PROJECTED PRICE

$3,500

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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$30k

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$217,736

INVESTMENT

$217,736

Down Payment
$199,987
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,951

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,987
Loan Amount $599,962
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$30,032

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
  • $3,579

    COMP ESTIMATED VALUE
  • $2.27

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$3,0004$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 391 Cordelia Way Walnut Creek, CA 1
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2074 Hoover Ave Pleasant Hill, CA 2
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1972
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.06
    •  
  • 3240 Hudson Ave Walnut Creek, CA 3
    • 3 beds 1 baths ∙ 1,283 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,283 Sqft ∙ Built 1948
    LEASED 05/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.34
    •  
  • 2671 Sandpiper Ct Walnut Creek, CA 4
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1973
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.30
    •  
  • 3216 Rogers Ave Walnut Creek, CA 5
    • 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1948
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.39
    •  
PROPERTY LISTING DETAILS
Roxanne Susoeff
Compass
BESbswy