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4481 Silverberry Ct Concord, CA 94521

3 Beds 2 Baths 1,726 sqft Built 1975

$764,000

List Price

$2,980

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $442.64
  • 7 Days on Market
  • MLS # : CC40930157
  • Updated Date : 11/24/2020 at 09:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,726 sqft
  • Baths : 2 full
Listing Agent

J. Rockcliff Realtors Inc.

Listing Agent's Description

Wonderful, OVER 1700 sq. ft, single story home in THE CROSSINGS, located on a quiet court. Great floorplan with high-ceiling living room and formal dining room. Remodeled kitchen with sliding shelves in pantry. Interior just painted! Exterior was painted in 2019. Hardwood laminate floors throughout. Tiled floors in bathrooms. new lighting in kitchen and living room. Enjoy your fenced backyard with deck and patio. Additional upgrades include new garage door w/automatic opener, newer HVAC, shutters, and ceiling fans. The Crossings offers swimming pools, tennis and basketball courts, Clubhouse, playground, park and even a dog park. Top Walnut Creek Schools-FOOTHILL MIDDLE SCHOOL AND NORTHGATE HIGH SCHOOL( buyer to verify).

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cowell

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1084k

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

Neighborhood: Cowell

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16553863

* 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
Highlands Elementary School Primary Regular 641 24 7
Foothill Middle School Middle Regular 1,014 40 9
Northgate High School High Regular 1,671 67 10

Highlands Elementary School

  • Education Level: Primary
  • # of students: 641
  • # of teachers: 24
7
GreatSchools Rating

Foothill Middle School

  • Education Level: Middle
  • # of students: 1,014
  • # of teachers: 40
9
GreatSchools Rating

Northgate High School

  • Education Level: High
  • # of students: 1,671
  • # of teachers: 67
10
GreatSchools Rating
 

$687,600$840,400$764,000

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,980
EXPENSES Loan Payment -$2,819
Property Tax -$848
Property Insurance -$69
HOA -$97
Property Management Fees -$149
CASH FLOW
-$1,002

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.

$764,000

PROJECTED PRICE

$2,980

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$208,210

INVESTMENT

$208,210

Down Payment
$191,000
Rehab Estimate
$5,750
Closing Costs
$11,460

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,819

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $191,000
Loan Amount $573,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,105

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,980

    LIST RENT
  • $1.73

    LIST RENT PER SQFT
  • $3,297

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,980
1$2,9802$3,2503$3,3954$3,5005$3,650
$3,650
RENT COMPS ANALYSIS
  • 4481 Silverberry Ct Concord, CA 1
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $1.73
    •  
  • 4145 Eden Ct Concord, CA 2
    • 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
    •  
  • 1007 Wild Oak Ct Concord, CA 3
    • 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1989
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.79
    •  
  • 4499 Pitch Pine Ct Concord, CA 4
    • 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 1977
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.83
    •  
  • 4491 Silverberry Ct Concord, CA 5
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1975
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.11
    •  
PROPERTY LISTING DETAILS
Beth Zaentz Trafton
J. Rockcliff Realtors Inc.
BESbswy