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4230 Gladstone Dr Concord, CA 94521

4 Beds 2 Baths 1,442 sqft Built 1955

$615,000

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $426.49
  • 2 Days on Market
  • MLS # : CC40931228
  • Updated Date : 12/05/2020 at 22:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,442 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Lovely Cape Cod style home with a great curb appeal! Step out from a slider and enjoy a spacious and private patio with a sparkling pool! Hardwood flooring in all rooms! First floor hardwood just refinished and looks so appealing! Kitchen invites lots of natural sunlight and has ample cupboards and drawers. Spacious living room offers a wood burning fireplace. Bathrooms are updated tastefully. Two bedrooms downstairs and two more upstairs. Dual pane windows. Ample closets and storage areas in attic spaces. Freshly painted. The house has a cost effective electric solar provided by Tesla lease. Fantastic location! Conveniently located in a prime area of Concord for an easy commute, close to BART, downtown, parks, restaurants and shopping.

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
 

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

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$2,269
Property Tax -$683
Property Insurance -$62
Property Management Fees -$149
CASH FLOW
-$383

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

$2,780

PROJECTED RENT

0.45%

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

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

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 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$26,424

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
  • $2,913

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4503$3,2504$3,3505$3,650
$3,650
RENT COMPS ANALYSIS
  • 4230 Gladstone Dr Concord, CA 1
    • 4 beds 2 baths ∙ 1,442 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,442 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $2.11
    •  
  • 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
    •  
  • 4491 Silverberry Ct Concord, CA 5
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1975
    property image
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.11
    •  
PROPERTY LISTING DETAILS
Kevin Kieffer
Compass
BESbswy