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4629 Ridgeline Drive Antioch, CA 94531

4 Beds 3 Baths 2,478 sqft Built 2002

$529,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $213.48
  • 2 Days on Market
  • MLS # : CC40927835
  • Updated Date : 11/02/2020 at 13:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,478 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Drysdale Properties

Listing Agent's Description

Generous living room with picturesque windows, opens to the formal dining room & provides access to the half bath. Kitchen with recessed lighting, ample cabinets with white tile countertops, tile flooring & a cozy dining area. The family room has a tile surround gas burning fireplace, picturesque windows with natural light & sliding doors that open to the backyard. Upstairs guest bedrooms offer views of the Delta, carpet flooring & ample closet space with mirrored closet doors. Master bedroom has an abundance of natural light, carpet flooring & a large master bath. The master bathroom has a shower-over-tub with a glass enclosure, tile flooring & 2 generous walk-in closets with mirrored doors. Upstairs, the laundry room has tile flooring, as well as a washer hookup & both 220 volt outlet & gas hookups for a dryer. The backyard has a concrete patio, a spacious lawn area & side yard access to the 2-car garage. Close to shopping, restaurants, parks, trails and easy access to the freeway.

SEE MORE

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
 

$476,100$581,900$529,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,952
Property Tax -$515
Property Insurance -$87
Property Management Fees -$149
CASH FLOW
-$2

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.

$529,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.1%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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$0.0$5.0k$10k$15k$20k$25k$30k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$145,935

INVESTMENT

$145,935

Down Payment
$132,250
Rehab Estimate
$5,750
Closing Costs
$7,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,250
Loan Amount $396,750
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$59,724

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,955

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,7003$2,8004$2,8505$3,200
$3,200
RENT COMPS ANALYSIS
  • 4629 Ridgeline Drive Antioch, CA 2
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.09
    •  
  • 4611 Le Conte Cir Antioch, CA 1
    • 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 2010
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.11
    •  
  • 4705 Golden Bear Dr Antioch, CA 3
    • 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1995
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.27
    •  
  • 4509 Buckeye Ct Antioch, CA 4
    • 5 beds 3 baths ∙ 2,400 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,400 Sqft ∙ Built 2000
    property image
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.19
    •  
  • Hawkins St Antioch, CA 5
    • 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2014
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.20
    •  
PROPERTY LISTING DETAILS
Wendy Moore
Bhhs Drysdale Properties
BESbswy