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5328 N Montecito Ct Concord, CA 94521

5 Beds 3 Baths 2,961 sqft Built 2003

INVESTimate

$1,049,000

List Price

$4,440

$4,190 - $4,690

Rent Est.

$1,132,710  ( +7.98%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $354.27
  • 2 Days on Market
  • MLS # : CC40918144
  • Updated Date : 08/25/2020 at 16:38
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,961 sqft
  • Baths : 3 full
Listing Agent

Re/max Accord

Listing Agent's Description

WOW! This quiet, private, immaculate home is everything you are looking for! Open and airy downstairs features a spacious living room and dining area, an open concept gourmet kitchen and family room, as well as a bedroom, full bathroom and an office space. Upstairs you will find the very large master suite, 3 additional bedrooms and another full bathroom. The upstairs laundry room means you won't have to constantly lug all that laundry up and down the stairs. The beautifully landscaped back yard features a spa and is perfect for entertaining. The 3 car garage has a tandem stall in which the seller set up a workshop. One of the longer driveways in the neighborhood, will meet all your parking needs! Situated near the end of the cul-de-sac with no homes across the street leaves you still more parking and little traffic. Close to the association pool and hiking trails! All this conveniently located close to schools and shopping with the safety of a gated community. Perfect for your family!

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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
 

$944,100$1,153,900$1,049,000

PURCHASE PRICE

$3,996$4,884$4,440

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,440
EXPENSES Loan Payment -$3,870
Property Tax -$1,031
Property Insurance -$99
HOA -$189
Property Management Fees -$218
CASH FLOW
-$966

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.

$1,049,000

PROJECTED PRICE

$4,440

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.98%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$283,735

INVESTMENT

$283,735

Down Payment
$262,250
Rehab Estimate
$5,750
Closing Costs
$15,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,870

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $262,250
Loan Amount $786,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$20,233

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,440

    LIST RENT
  • $1.5

    LIST RENT PER SQFT
  • $5,004

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$4,440
1$4,4402$4,900
$4,900
RENT COMPS ANALYSIS
  • 5328 N Montecito Ct Concord, 1
    • 5 beds 3 baths ∙ 2,961 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,961 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,440
    • $1.50
    •  
  • Rock Creek Way Concord, 2
    • 4 beds 3 baths ∙ 2,891 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,891 Sqft ∙ Built 1986
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $1.69
    •  
PROPERTY LISTING DETAILS
John Vander Meulen
Re/max Accord
BESbswy