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3939 Joan Ave Concord, CA 94521

3 Beds 3 Baths 1,830 sqft Built 1984

$750,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $409.84
  • 3 Days on Market
  • MLS # : CC40934459
  • Updated Date : 01/16/2021 at 15:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,830 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

A rose lined walkway is leading to the charming entrance of a beautifully updated and extremely well maintained home. Once inside the floor plan is opening up to a gracious dining room, kitchen and living room; truly an entertainers dream! The downstairs is boasting gleaming hardwood floors, an elegantly updated kitchen with gorgeous quartz countertops, commercial stove, LG refrigerator, and a beautiful wide open fireplace in the living room. Upstairs has an extensive master suite with walk-in closet and updated ensuite bath. Additionally, upstairs are two spacious bedrooms and an updated bath. The attached garage is a stunner; featuring two walls of beautiful cabinets and countertops, amazing flooring, a storage loft, and room to park two cars. The front, side, and back yard have been lovingly maintained with mature fruit trees and beds for planting. Don't forget the beautiful deck to entertain guests, and the shed for storage or play. It's a remarkable home! It's a must see.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94521

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1015k

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

Zip Code: 94521

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
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,605
Property Tax -$832
Property Insurance -$71
Property Management Fees -$149
CASH FLOW
-$608

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.

$750,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.41%

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 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

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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$13,919

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $3,225

    COMP ESTIMATED VALUE
  • $1.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8003$3,0504$3,1955$3,400
$3,400
RENT COMPS ANALYSIS
  • 3939 Joan Ave Concord, CA 3
    • 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.67
    •  
  • 4815 Eagle Way Concord, CA 1
    • 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 1977
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.73
    •  
  • 4430 Eagle Peak Rd Concord, CA 2
    • 4 beds 3 baths ∙ 1,496 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,496 Sqft ∙ Built 1977
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.87
    •  
  • 2851 Saint Joseph Dr. Concord, CA 4
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1980
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.78
    •  
  • 4525 Shellflower Ct Concord, CA 5
    • 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 1981
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.67
    •  
PROPERTY LISTING DETAILS
Gabriele Orbell
Keller Williams Realty
BESbswy