Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $343.73
- 3 Days on Market
- MLS # : CC40930416
- Updated Date : 11/27/2020 at 10:38
CONSTRUCTION
- Beds : 4
- Floor Size : 2,886 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Beautifully maintained and updated Spacemaker model in the Crossings community. This is the largest model with 4 bedrooms, extra large bonus room, 2.5 baths, almost 2900 sq feet with a 3 car garage. Solid random plank oak hardwood floors throughout downstairs. Updated lighting and refreshed paint throughout. Large covered Trex deck covered with a louvered roof system (heat resistant and rain proof), ceiling fans, lighting, drop shades and custom grill surrounded by granite counters. Professionally landscaped and hardscaped space, lush backyard w/custom water feature. Remodeled kitchen w/ s/s appliances, Fieldstone cherry wood cabinets and granite counters. Spacious master suite, updated baths, large bonus room for distance learning or work from home. This room is also wired and ready for your home theatre with 7.2 surround sound with 4 ceiling speakers for Atmos sound. Family room is also wired for 5.2 surround sound. Newer A/C, inside laundry room, Nest thermostat & much more!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Cowell
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cowell
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,130 |
| EXPENSES | Loan Payment | -$3,660 |
| Property Tax | -$1,101 | |
| Property Insurance | -$97 | |
| HOA | -$97 | |
| Property Management Fees | -$202 | |
|
CASH FLOW
-$1,027
|
||
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.
$992,000
PROJECTED PRICE
$4,130
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 6.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.09% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$268,630
LOAN DETAILS
$3,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $248,000 |
| Loan Amount | $744,000 |
1.58
YEARS SAVED
$12,000
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
-
$4,848
COMP ESTIMATED VALUE -
$1.68
COMP AVG. RENT PER SQFT
Comps Range
-
4412 Water Oak Ct. Concord, CA 1
- 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4499 Sweet Shrub Ct Concord, CA 2
- 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 1976
LEASED 06/08/20- Rent
- Rent Per SQFT
- $3,800
- $1.45
-
Rock Creek Way Concord, CA 3
- 4 beds 3 baths ∙ 2,891 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,891 Sqft ∙ Built 1986
LEASED 07/16/20- Rent
- Rent Per SQFT
- $4,900
- $1.69
-
5111 Paul Scarlet Dr Concord, CA 4
- 5 beds 3 baths ∙ 2,631 Sqft ∙ Built 1964 5 beds 3 baths ∙ 2,631 Sqft ∙ Built 1964
LEASED 04/23/20- Rent
- Rent Per SQFT
- $5,000
- $1.90
PROPERTY LISTING DETAILS
Keller Williams Realty
