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4073 Glendale Ave Concord, CA 94521

3 Beds 2 Baths 1,420 sqft Built 1958

$638,888

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1958
  • Price/Sqft : $449.92
  • 5 Days on Market
  • MLS # : ML81818171
  • Updated Date : 11/02/2020 at 12:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,420 sqft
  • Baths : 2 full
Listing Agent

Gi Joe Homes Inc

Listing Agent's Description

You will love this delightful ranch style home with old-world charm in a family friendly neighborhood. This 3-bedroom, 2-bathroom home has a 2-car garage giving you 1,420 sq. ft. of spacious elegance, original wood floors throughout, and a kitchen waiting for your holiday feast to be prepared. Imagine cuddling up to a cozy fireplace with a good book in the spacious family room. The oversized lot has plenty of room in both the front and backyard to entertain, barbeque, or garden. All of this situated in a convenient neighborhood with outstanding schools, stores, and restaurants only blocks away from this home. Do not hesitate as this home is waiting for you to call it home.

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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
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
 

$574,999$702,777$638,888

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$2,357
Property Tax -$709
Property Insurance -$61
Property Management Fees -$149
CASH FLOW
-$557

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.

$638,888

PROJECTED PRICE

$2,720

PROJECTED RENT

0.43%

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$175,055

INVESTMENT

$175,055

Down Payment
$159,722
Rehab Estimate
$5,750
Closing Costs
$9,583

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,357

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $159,722
Loan Amount $479,166
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$15,111

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $1.92

    LIST RENT PER SQFT
  • $2,922

    COMP ESTIMATED VALUE
  • $2.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7203$2,8004$2,9005$3,000
$3,000
RENT COMPS ANALYSIS
  • 4073 Glendale Ave Concord, CA 2
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1958
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $1.92
    •  
  • 4217 Dubhe Ct Concord, CA 1
    • 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 1977
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.13
    •  
  • 3876 Landana Ct Concord, CA 3
    • 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1964
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.06
    •  
  • 4014 Royal Arch Ct Concord, CA 4
    • 4 beds 2 baths ∙ 1,460 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,460 Sqft ∙ Built 1960
    property image
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.99
    •  
  • 3642 Lolita Dr Concord, CA 5
    • 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1950
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.05
    •  
PROPERTY LISTING DETAILS
Joe Knipp
Gi Joe Homes Inc
BESbswy