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5260 S Montecito Dr Concord, CA 94521

5 Beds 5 Baths 3,358 sqft Built 2003

$1,185,000

List Price

$4,210

$4K - $4.5K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $352.89
  • 7 Days on Market
  • MLS # : CC40927258
  • Updated Date : 10/28/2020 at 17:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,358 sqft
  • Baths : 4 full , 1 half
Listing Agent

Googain, Inc.

Listing Agent's Description

Dream home in gated community! Nestled in the foothills of Mt Diablo, this spacious home is perfect for your family to relax, work and play. Enjoy views of Limeridge Open Space and stroll along the hiking and biking trails in the great outdoors, yet only 30 miles east of San Francisco! Elegant and modern, the gourmet kitchen has granite countertops, stainless steel appliances and tons of storage. Beautiful views with lots of natural light. This 5 bedroom, 4.5 bath sanctuary includes a balcony off the master bedroom, marble master bath and extra room for an office or dream space for whatever your family needs. CAT-5 and cable throughout keep you easily connected online. Backs to open space and has gorgeous flagstone walkways. community pool.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94521

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1015k

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

Zip Code: 94521

ZipNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000Rent in $16323193

* 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
Highlands Elementary School Primary Regular 641 24 7
Pine Hollow Middle School Middle Regular 653 28 5
Clayton Valley Charter High School High Regular NA

Highlands Elementary School

  • Education Level: Primary
  • # of students: 641
  • # of teachers: 24
7
GreatSchools Rating

Pine Hollow Middle School

  • Education Level: Middle
  • # of students: 653
  • # of teachers: 28
5
GreatSchools Rating

Clayton Valley Charter High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$1,066,500$1,303,500$1,185,000

PURCHASE PRICE

$3,789$4,631$4,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,210
EXPENSES Loan Payment -$4,372
Property Tax -$1,164
Property Insurance -$108
HOA -$189
Property Management Fees -$206
CASH FLOW
-$1,830

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.

$1,185,000

PROJECTED PRICE

$4,210

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.0%
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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$319,775

INVESTMENT

$319,775

Down Payment
$296,250
Rehab Estimate
$5,750
Closing Costs
$17,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,372

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $296,250
Loan Amount $888,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$559

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
  • $3,291

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$6,000
$6,000
RENT COMPS ANALYSIS
  • 5260 S Montecito Dr Concord, CA 1
    • 5 beds 5 baths ∙ 3,358 Sqft ∙ Built 2003 5 beds 5 baths ∙ 3,358 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1054 Rolling Woods Concord, CA 2
    • 6 beds 4 baths ∙ 3,385 Sqft ∙ Built 1998 6 beds 4 baths ∙ 3,385 Sqft ∙ Built 1998
    LEASED 05/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.77
    •  
  • 3139 Deerpark Drive Walnut Creek, CA 3
    • 5 beds 4 baths ∙ 3,065 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,065 Sqft ∙ Built 2006
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.96
    •  
PROPERTY LISTING DETAILS
Ramtin Mahini
Googain, Inc.
BESbswy