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

4563 Tuolumne Way Concord, CA 94521

4 Beds 4 Baths 2,538 sqft Built 1977

$915,000

List Price

$3,570

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $360.52
  • 3 Days on Market
  • MLS # : CC40927710
  • Updated Date : 11/06/2020 at 07:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,538 sqft
  • Baths : 3 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Open space is your neighbor from the front along with Mt. Diablo view in the distance. The best location! Beautifully updated and major systems replaced. This is truly a winner! Custom front door and entry lead to living room with high ceilings and gorgeous floors that extend thru the downstairs. A very open spacious floor plan. Home is light and bright. Replaced wood laminate floors, fresh paint & acoustic ceilings removed, crown molding, baseboards, doors, windows and so much more! Every room touched with upgrades. Pool to one side of large yard w/ removable fence. Largest floorplan w/versatile downstairs bedroom & custom bath plus bonus room up with murphy bed & bath to meet all of your needs. Replaced roof. Solar for home and pool added for low utility bills. Call with any questions. Furniture also negotiable. This is a beauty! Please schedule on calendly; call if questions or clarification needed. https://calendly.com/margaret-teeter/showings-for-4563-tuolumne-way-concord

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Turtle Creek

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1078k

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

Neighborhood: Turtle Creek

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
Mountain View Elementary School Primary Regular 433 17 4
El Dorado Middle School Middle Regular 976 42 2
Concord High School High Regular 1,544 68 6

Mountain View Elementary School

  • Education Level: Primary
  • # of students: 433
  • # of teachers: 17
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
 

$823,500$1,006,500$915,000

PURCHASE PRICE

$3,213$3,927$3,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,570
EXPENSES Loan Payment -$3,376
Property Tax -$1,016
Property Insurance -$88
HOA -$165
Property Management Fees -$175
CASH FLOW
-$1,250

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.

$915,000

PROJECTED PRICE

$3,570

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.0%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$248,225

INVESTMENT

$248,225

Down Payment
$228,750
Rehab Estimate
$5,750
Closing Costs
$13,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,376

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $228,750
Loan Amount $686,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,528

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,570

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $3,820

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,5003$3,5704$3,8005$3,995
$3,995
RENT COMPS ANALYSIS
  • 4563 Tuolumne Way Concord, CA 3
    • 4 beds 4 baths ∙ 2,538 Sqft ∙ Built 1977 4 beds 4 baths ∙ 2,538 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,570
    • $1.41
    •  
  • 5104 Concord Blvd Concord, CA 1
    • 3 beds 3 baths ∙ 2,254 Sqft ∙ Built 1958 3 beds 3 baths ∙ 2,254 Sqft ∙ Built 1958
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.46
    •  
  • Shellflower Concord, CA 2
    • 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 1982
    property image
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.36
    •  
  • 4499 Sweet Shrub Ct Concord, CA 4
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 1976
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.45
    •  
  • 4498 Silverberry Ct Concord, CA 5
    • 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1975
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.75
    •  
PROPERTY LISTING DETAILS
Margaret Garber-teeter
Compass
BESbswy