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4107 Nulty Dr Concord, CA 94521

3 Beds 1 Baths 1,120 sqft Built 1953

$615,000

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $549.11
  • 5 Days on Market
  • MLS # : CC40933511
  • Updated Date : 01/15/2021 at 10:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,120 sqft
  • Baths : 1 full
Listing Agent

Cole Real Estate

Listing Agent's Description

Move right in to this adorable updated home! Updated kitchen with granite counters, stainless appliances. Living room with wood burning fireplace, new laminate flooring. Bathroom with new granite counter and shower door. Freshly painted interior. New carpeting. Dual pane windows. Large backyard. Potential RV/Boat parking.

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
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
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$2,136
Property Tax -$683
Property Insurance -$54
Property Management Fees -$149
CASH FLOW
-$482

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.

$615,000

PROJECTED PRICE

$2,540

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

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$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$13,857

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $2.27

    LIST RENT PER SQFT
  • $2,341

    COMP ESTIMATED VALUE
  • $2.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,4503$2,5404$2,5995$2,950
$2,950
RENT COMPS ANALYSIS
  • 4107 Nulty Dr Concord, CA 3
    • 3 beds 1 baths ∙ 1,120 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,120 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $2.27
    •  
  • 1522 Rishell Dr #1 Concord, CA 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1972
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.88
    •  
  • 1448 Rosal Ln A Concord, CA 2
    • 3 beds 1 baths ∙ 1,163 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,163 Sqft ∙ Built 1950
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $2.11
    •  
  • 3931 Mulberry Dr Concord, CA 4
    • 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1956
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,599
    • $2.05
    •  
  • 4021 Roland Dr Concord, CA 5
    • 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 1959
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.32
    •  
PROPERTY LISTING DETAILS
Amber Cole
Cole Real Estate
BESbswy