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4119 Cobblestone Dr Concord, CA 94521

4 Beds 2 Baths 1,495 sqft Built 1954

$718,888

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 07, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $480.86
  • 7 Days on Market
  • MLS # : BE40931210
  • Updated Date : 12/07/2020 at 11:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,495 sqft
  • Baths : 2 full
Listing Agent

Excel Realty

Listing Agent's Description

Stunning & move in ready! Come see this beautifully renovated home in Canterbury Village which boasts 4 bedrooms, 2 baths. Main floor has 2 Lovely Bedrooms and spacious spa-like bathroom. Enjoy entertaining on the newly landscaped patio with new lawn, Kitchen has new quartz countertops and new tile backsplash, new range & sink, new windows, recessed ceiling lights, and new paint throughout. Too many upgrades to list! This home has everything. Close to schools, shopping, parks, & trails. Easy access to freeway & BART.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canterbury Village

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $213k1015k

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

Neighborhood: Canterbury Village

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $16003193

* 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
 

$646,999$790,777$718,888

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$2,652
Property Tax -$798
Property Insurance -$63
Property Management Fees -$149
CASH FLOW
-$693

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.

$718,888

PROJECTED PRICE

$2,970

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$196,255

INVESTMENT

$196,255

Down Payment
$179,722
Rehab Estimate
$5,750
Closing Costs
$10,783

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,652

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $179,722
Loan Amount $539,166
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$12,246

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
  • $2,934

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,4504$3,2505$3,350
$3,350
RENT COMPS ANALYSIS
  • 4119 Cobblestone Dr Concord, CA 1
    • 4 beds 2 baths ∙ 1,495 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,495 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1522 Rishell Dr #1 Concord, CA 2
    • 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 3
    • 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
    •  
  • 4145 Eden Ct Concord, CA 4
    • 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 1961
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.91
    •  
  • 1407 Babel Ln Concord, CA 5
    • 4 beds 2 baths ∙ 1,716 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,716 Sqft ∙ Built 1956
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.95
    •  
PROPERTY LISTING DETAILS
Mike Daoudi
Excel Realty
BESbswy