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4490 Deerberry Ct. Concord, CA 94521

4 Beds 2 Baths 1,567 sqft Built 1977

$854,000

List Price

$3,080

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $544.99
  • 3 Days on Market
  • MLS # : CC40934383
  • Updated Date : 01/15/2021 at 14:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,567 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

You will enjoy the flow of this home, and the fantastic light! Vaulted ceilings in front living room flows openly to the formal dining space. The entire home has been freshly painted inside, with new luxury vinyl tile throughout in a neutral grey tone, and fresh carpet in all bedrooms. Updated modern base moulding completes the look. Kitchen/family room combo features large windows and plenty of afternoon sun. Cabinets have been freshly painted, with modern pulls added, granite counters and recessed lighting round out the updated look. Sliding glass door takes you to your backyard oasis featuring deck and patio area with pavers and plenty of space for your outdoor bbq. Nice sized primary bedroom suite includes two large mirrored closets to bring in even more light and an updated ensuite bath. Granite counters and calacatta tile walk in shower make this feel refreshed and spa like! Excellent court location. Enjoy Foothill and Northgate schools.

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
 

$768,600$939,400$854,000

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$2,966
Property Tax -$948
Property Insurance -$65
HOA -$103
Property Management Fees -$151
CASH FLOW
-$1,153

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.

$854,000

PROJECTED PRICE

$3,080

PROJECTED RENT

0.36%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$232,060

INVESTMENT

$232,060

Down Payment
$213,500
Rehab Estimate
$5,750
Closing Costs
$12,810

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,966

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $213,500
Loan Amount $640,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$691

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,080

    LIST RENT
  • $1.97

    LIST RENT PER SQFT
  • $2,832

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8003$2,9504$2,9955$3,080
$3,080
RENT COMPS ANALYSIS
  • 4490 Deerberry Ct. Concord, CA 5
    • 4 beds 2 baths ∙ 1,567 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,567 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $3,080
    • $1.97
    •  
  • 4815 Eagle Way Concord, CA 1
    • 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 1977
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.73
    •  
  • 4430 Eagle Peak Rd Concord, CA 2
    • 4 beds 3 baths ∙ 1,496 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,496 Sqft ∙ Built 1977
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.87
    •  
  • 5162 Muirfield Ln Concord, CA 3
    • 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 1990
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.80
    •  
  • 1074 Deer Oak Pl Concord, CA 4
    • 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 1990
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.83
    •  
PROPERTY LISTING DETAILS
Nancy Bennett
Keller Williams Realty
BESbswy