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508 Bluerock Dr Antioch, CA 94509

4 Beds 3 Baths 2,046 sqft Built 1986

$618,888

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $302.49
  • 3 Days on Market
  • MLS # : EB40931156
  • Updated Date : 12/04/2020 at 19:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,046 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jody Drewry, Broker

Listing Agent's Description

***WOW*** Beautiful well maintained 4 bed 2.5 bath over 2000 sq ft of living space, family room and living room, granite kitchen counters, brick fireplace, indoor laundry, Beautiful backyard with built-in pool, feels like a vacation in your very own backyard!!! close to schools, parks, walking trails, golf and shopping, This is a must see!!!! Make this your next place you call home!!!!

SEE MORE

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
Muir Elementary School Primary Regular 598 22 3
Dallas Ranch Middle School Middle Regular 1,238 46 3
Deer Valley High School High Regular 2,659 113 5

Muir Elementary School

  • Education Level: Primary
  • # of students: 598
  • # of teachers: 22
3
GreatSchools Rating

Dallas Ranch Middle School

  • Education Level: Middle
  • # of students: 1,238
  • # of teachers: 46
3
GreatSchools Rating

Deer Valley High School

  • Education Level: High
  • # of students: 2,659
  • # of teachers: 113
5
GreatSchools Rating
 

$556,999$680,777$618,888

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,283
Property Tax -$677
Property Insurance -$76
Property Management Fees -$149
CASH FLOW
-$656

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.

$618,888

PROJECTED PRICE

$2,530

PROJECTED RENT

0.41%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$169,755

INVESTMENT

$169,755

Down Payment
$154,722
Rehab Estimate
$5,750
Closing Costs
$9,283

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,283

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $154,722
Loan Amount $464,166
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$8,533

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
  • $2,675

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,5004$2,6505$2,850
$2,850
RENT COMPS ANALYSIS
  • 508 Bluerock Dr Antioch, CA 1
    • 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Bluerock Dr. Antioch, CA 2
    • 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 1986
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.20
    •  
  • 4012 Rocky Point Dr Antioch, CA 3
    • 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 1986
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.31
    •  
  • 3345 Barmouth Dr Antioch, CA 4
    • 4 beds 3 baths ∙ 1,857 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,857 Sqft ∙ Built 1984
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.43
    •  
  • 2628 Pearlite Way Antioch, CA 5
    • 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2002
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.29
    •  
PROPERTY LISTING DETAILS
Jody Drewry
Jody Drewry, Broker
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