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4160 Cobblestone Drive Concord, CA 94521

3 Beds 2 Baths 1,683 sqft Built 1954

$674,945

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $401.04
  • 2 Days on Market
  • MLS # : CC40931790
  • Updated Date : 12/12/2020 at 17:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,683 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Come see this charming home! Enjoy the sound of the water feature as you walk up the natural slate stone walkway. Marble countertops, stainless appliances and a gas range in the open eat-in kitchen. Media Room, Custom built shower with steam room in the remodeled bath!!! Central heat and air, with a giant laundry/mud room. Built in cabinets in several rooms. Custom shed, giant play structure, and no rear neighbors!!!

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
 

$607,451$742,440$674,945

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$2,490
Property Tax -$749
Property Insurance -$68
Property Management Fees -$149
CASH FLOW
-$606

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.

$674,945

PROJECTED PRICE

$2,850

PROJECTED RENT

0.42%

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-$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$184,610

INVESTMENT

$184,610

Down Payment
$168,736
Rehab Estimate
$5,750
Closing Costs
$10,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,736
Loan Amount $506,209
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$14,500

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
  • $3,206

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9503$3,2504$3,3505$3,400
$3,400
RENT COMPS ANALYSIS
  • 4160 Cobblestone Drive Concord, CA 1
    • 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4242 Brentwood Cir Concord, CA 2
    • 4 beds 2 baths ∙ 1,646 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,646 Sqft ∙ Built 1962
    property image
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.79
    •  
  • 4145 Eden Ct Concord, CA 3
    • 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 1961
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.91
    •  
  • 1407 Babel Ln Concord, CA 4
    • 4 beds 2 baths ∙ 1,716 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,716 Sqft ∙ Built 1956
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.95
    •  
  • 3978 Cottonwood Drive Concord, CA 5
    • 4 beds 3 baths ∙ 1,730 Sqft ∙ Built 1962 4 beds 3 baths ∙ 1,730 Sqft ∙ Built 1962
    property image
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.97
    •  
PROPERTY LISTING DETAILS
Rod Abdolhosseini
Keller Williams Realty
BESbswy