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5 Inland Court Antioch, CA 94509

3 Beds 3 Baths 1,769 sqft Built 1963

$400,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $226.12
  • 4 Days on Market
  • MLS # : EB40932628
  • Updated Date : 12/24/2020 at 17:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,769 sqft
  • Baths : 3 full
Listing Agent

Homesmart Optima Realty

Listing Agent's Description

An Investment Dream! Photos are not current. This 3-bedroom and 3-bathroom home is ADA approved with 2 separate entrances, and one of the bathrooms is wheelchair assessable. In-law quarters, a patient care facility, separate office.... the possibilities are endless! This home is also equipped with a swimming pool and screened in backyard porch; and is in close proximity to shops, restaurants and public transportation. A little TLC and vision is all it needs. Escrow has been opened with Michael Untalasco at Stewart Title in Walnut Creek.

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PRICE & RENT TRENDS

Zip Code: 94509

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $190k1015k

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

Zip Code: 94509

ZipNIR Market*CityMarket2010Year20012019 Q21200140016001800200022002400260028003000Rent in $11393193

* 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
Kimball Elementary School Primary Regular 544 19 2
Antioch Middle School Middle Regular 759 28 1
Antioch High School High Regular 1,774 76 3

Kimball Elementary School

  • Education Level: Primary
  • # of students: 544
  • # of teachers: 19
2
GreatSchools Rating

Antioch Middle School

  • Education Level: Middle
  • # of students: 759
  • # of teachers: 28
1
GreatSchools Rating

Antioch High School

  • Education Level: High
  • # of students: 1,774
  • # of teachers: 76
3
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,476
Property Tax -$446
Property Insurance -$70
HOA -$100
Property Management Fees -$149
CASH FLOW
$199

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.

$400,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

10.25

YEARS SAVED

$69,099

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
  • $2,459

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0953$2,3504$2,4005$2,700
$2,700
RENT COMPS ANALYSIS
  • 5 Inland Court Antioch, CA 1
    • 3 beds 3 baths ∙ 1,769 Sqft ∙ Built 1963 3 beds 3 baths ∙ 1,769 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 901 Basalt Way Antioch, CA 2
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1980
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.43
    •  
  • 33 Kimball Ct Antioch, CA 3
    • 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 1953
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.27
    •  
  • 1812 Modoc Ct Antioch, CA 4
    • 4 beds 2 baths ∙ 1,707 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,707 Sqft ∙ Built 1974
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.41
    •  
  • 1211 Chelsea Ct Antioch, CA 5
    • 4 beds 3 baths ∙ 1,863 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,863 Sqft ∙ Built 1977
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.45
    •  
PROPERTY LISTING DETAILS
Latisha Webster
Homesmart Optima Realty
BESbswy