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535 Banyan Cir Walnut Creek, CA 94598

3 Beds 3 Baths 2,183 sqft Built 1973

$1,189,000

List Price

$4,260

$4K - $4.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $544.66
  • 2 Days on Market
  • MLS # : CC40933299
  • Updated Date : 01/09/2021 at 19:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,183 sqft
  • Baths : 3 full
Listing Agent

Dudum Real Estate Group

Listing Agent's Description

Everything you need is in this updated 3 bedroom, 3 bath single-story in the Woodlands! The kitchen is a culinary dream with a subway tile backsplash, granite counters, Electrolux oven and refrigerator, gas stove, warming drawer and a wine fridge. The expansive casual eating area has ample room for a home office. The family room offers vaulted ceilings and space to fit your huge TV for cozy movie nights. French doors lead to the huge private backyard where you will love spending time with a sparkling solar-heated pool and ample space for leisure and play. Tesla car charging station, solar power covers part of electrical bill, updated pool pump, new carpet (Jan 2021), crown molding, indoor laundry room a well for irrigation and more! This property is a short distance to Valle Verde Elementary school and park, Whole Foods, Safeway, and restaurants. 360 Tour on virtual tour link.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Woodlands

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1331k

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

Neighborhood: Woodlands

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714076

* 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
Valle Verde Elementary School Primary Regular 482 16 6
Foothill Middle School Middle Regular 1,014 40 9
Northgate High School High Regular 1,671 67 10

Valle Verde Elementary School

  • Education Level: Primary
  • # of students: 482
  • # of teachers: 16
6
GreatSchools Rating

Foothill Middle School

  • Education Level: Middle
  • # of students: 1,014
  • # of teachers: 40
9
GreatSchools Rating

Northgate High School

  • Education Level: High
  • # of students: 1,671
  • # of teachers: 67
10
GreatSchools Rating
 

$1,070,100$1,307,900$1,189,000

PURCHASE PRICE

$3,834$4,686$4,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,260
EXPENSES Loan Payment -$4,130
Property Tax -$1,203
Property Insurance -$80
Property Management Fees -$209
CASH FLOW
-$1,361

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.

$1,189,000

PROJECTED PRICE

$4,260

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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-$20k-$10k$0.0$10k$20k

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$320,835

INVESTMENT

$320,835

Down Payment
$297,250
Rehab Estimate
$5,750
Closing Costs
$17,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,130

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $297,250
Loan Amount $891,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$5,267

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
  • $4,410

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9003$4,0004$4,2505$4,500
$4,500
RENT COMPS ANALYSIS
  • 535 Banyan Cir Walnut Creek, CA 1
    • 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 1973 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 755 Autumn Dr Walnut Creek, CA 2
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1965
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.94
    •  
  • 932 Kane Cir Walnut Creek, CA 3
    • 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 1965
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.12
    •  
  • 350 Pickering Place Walnut Creek, CA 4
    • 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 1960 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 1960
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.02
    •  
  • 3374 Whitehaven Dr Walnut Creek, CA 5
    • 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 1978
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.00
    •  
PROPERTY LISTING DETAILS
Meredith Kummell
Dudum Real Estate Group
BESbswy