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4021 Browning Dr Concord, CA 94518

5 Beds 4 Baths 3,626 sqft Built 1997

$1,350,000

List Price

$3,850

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $372.31
  • 3 Days on Market
  • MLS # : CC40932927
  • Updated Date : 01/01/2021 at 12:25
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,626 sqft
  • Baths : 4 full
Listing Agent

Howard Hills Real Estate

Listing Agent's Description

Rare opportunity to own in Concord's most exclusive area. This grand floor plan starts with a two story foyer opening onto a formal living room with wood burning fireplace. The formal living room flows into the large formal dining room perfect for family gatherings. The gourmet kitchen features built in stainless steel microwave and oven, dishwasher and an enamel gas cooktop and exhaust hood. The kitchen features a spacious pantry with new decorator door. There is also a spacious island with a second sink and decorator ceiling with custom lighting. There are beautiful hardwood floors throughout the home. The home features five large bedrooms and four full bathrooms. The bedroom on the first floor is currently used as an office. There is a three car garage and large bonus room perfect for a gym or home theater. Large closets throughout the home. Low maintenance astro turf in front and back yards. New concrete in backyard. Two spacious decks. VIRTUAL TOUR www.4021BrowningDrive.com.

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
 

$1,215,000$1,485,000$1,350,000

PURCHASE PRICE

$3,465$4,235$3,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,850
EXPENSES Loan Payment -$4,981
Property Tax -$1,498
Property Insurance -$115
Property Management Fees -$189
CASH FLOW
-$2,932

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.

$1,350,000

PROJECTED PRICE

$3,850

PROJECTED RENT

0.29%

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$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$363,500

INVESTMENT

$363,500

Down Payment
$337,500
Rehab Estimate
$5,750
Closing Costs
$20,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,981

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $337,500
Loan Amount $1,012,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$22

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
  • $3,626

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,500
$3,500
RENT COMPS ANALYSIS
  • 4021 Browning Dr Concord, CA 1
    • 5 beds 4 baths ∙ 3,626 Sqft ∙ Built 1997 5 beds 4 baths ∙ 3,626 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4532 Shellflower Ct Concord, CA 2
    • 6 beds 4 baths ∙ 3,489 Sqft ∙ Built 1981 6 beds 4 baths ∙ 3,489 Sqft ∙ Built 1981
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.00
    •  
PROPERTY LISTING DETAILS
Enrique Alvarez
Howard Hills Real Estate
BESbswy