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5144 Homestead Way Antioch, CA 94531

4 Beds 3 Baths 1,680 sqft Built 1993

$525,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $312.50
  • 3 Days on Market
  • MLS # : EB40929212
  • Updated Date : 11/14/2020 at 11:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,680 sqft
  • Baths : 2 full , 1 half
Listing Agent

Cal Bay Realty

Listing Agent's Description

Freshly updated home! This home offers 4 bedrooms and 2.5 baths, New exterior and interior paint, laminate flooring, Baths, doors, WIFI enabled light switches, a spacious yard that's a canvas for your imagination. 2 Car garage with a long driveway Mt Diablo views from the balcony. Great location close to Freeway, Trader Joes, plenty of options for shopping and dining nearby.

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
Diablo Vista Elementary School Primary Regular 546 19 4
Dallas Ranch Middle School Middle Regular 1,238 46 3
Deer Valley High School High Regular 2,659 113 5

Diablo Vista Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 19
4
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
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,937
Property Tax -$513
Property Insurance -$68
Property Management Fees -$149
CASH FLOW
-$346

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.

$525,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.44%

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

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$23,195

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $2,453

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$2,320
1$2,3202$2,3503$2,3954$2,5005$2,575
$2,575
RENT COMPS ANALYSIS
  • 5144 Homestead Way Antioch, CA 1
    • 4 beds 3 baths ∙ 1,680 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,680 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $1.38
    •  
  • 4485 Parkview Ct Antioch, CA 2
    • 3 beds 3 baths ∙ 1,514 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,514 Sqft ∙ Built 1990
    property image
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.55
    •  
  • 4529 Silvercrest Way Antioch, CA 3
    • 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 1989
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.35
    •  
  • 4968 Ridgeview Dr Antioch, CA 4
    • 4 beds 3 baths ∙ 1,813 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,813 Sqft ∙ Built 1990
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.38
    •  
  • 4910 Timberbrook Way Antioch, CA 5
    • 4 beds 3 baths ∙ 1,652 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,652 Sqft ∙ Built 1994
    property image
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $1.56
    •  
PROPERTY LISTING DETAILS
Faisal Kakar
Cal Bay Realty
BESbswy