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4272 Merced Cir Antioch, CA 94531

4 Beds 3 Baths 2,091 sqft Built 1991

INVESTimate

$545,000

List Price

$2,620

$2,370 - $2,870

Rent Est.

$600,154  ( +10.12%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $260.64
  • 3 Days on Market
  • MLS # : BE40918030
  • Updated Date : 08/25/2020 at 13:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,091 sqft
  • Baths : 3 full
Listing Agent

Redfin

Listing Agent's Description

Beautiful home, located in a desirable neighborhood, with amenities and charm for everyone. Check out the open and spacious floor plan, complete with a high ceiling in the entry way, dining room and plenty of natural light. The gourmet kitchen is splendid and ideal to host family and friends, along with the accompanying family room combo makes it easy to enjoy. The master bedroom is large and inviting and boasts a comfortable master bathroom to go with it. Step out into the entertainer's backyard, with room to breathe in the fresh air and host that backyard party with family and friends. Close to shopping and commuting, this one checks all the boxes. Welcome Home.

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PRICE & RENT TRENDS

Zip Code: 94531

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $214k1015k

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

Zip Code: 94531

ZipNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $12473193

* 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
Grant Elementary School Primary Regular 500 20 2
Black Diamond Middle School Middle Regular 667 25 1
Deer Valley High School High Regular 2,659 113 5

Grant Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 20
2
GreatSchools Rating

Black Diamond Middle School

  • Education Level: Middle
  • # of students: 667
  • # of teachers: 25
1
GreatSchools Rating

Deer Valley High School

  • Education Level: High
  • # of students: 2,659
  • # of teachers: 113
5
GreatSchools Rating
 

$490,500$599,500$545,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,011
Property Tax -$530
Property Insurance -$78
Property Management Fees -$149
CASH FLOW
-$147

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.

$545,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.12%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,175

INVESTMENT

$150,175

Down Payment
$136,250
Rehab Estimate
$5,750
Closing Costs
$8,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $136,250
Loan Amount $408,750
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$44,377

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $2,765

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,5004$2,6005$2,620
$2,620
RENT COMPS ANALYSIS
  • 4272 Merced Cir Antioch, 5
    • 4 beds 3 baths ∙ 2,091 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,091 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $1.25
    •  
  • Folsom Dr Antioch, 1
    • 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 1990
    LEASED 05/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.37
    •  
  • 2713 Larkspur Dr Antioch, 2
    • 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 1984
    LEASED 04/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.17
    •  
  • 4562 Deerfield Dr Antioch, 3
    • 5 beds 3 baths ∙ 1,799 Sqft ∙ Built 1988 5 beds 3 baths ∙ 1,799 Sqft ∙ Built 1988
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.39
    •  
  • 2909 Bluebonnet Ct Antioch, 4
    • 4 beds 2 baths ∙ 1,907 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,907 Sqft ∙ Built 1986
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.36
    •  
PROPERTY LISTING DETAILS
Amin Arikat
Redfin
BESbswy