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5387 Aspenwood Ct Concord, CA 94521

4 Beds 4 Baths 3,161 sqft Built 1998

$1,149,000

List Price

$4,760

$4.5K - $5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $363.49
  • 3 Days on Market
  • MLS # : BE40933665
  • Updated Date : 01/09/2021 at 03:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,161 sqft
  • Baths : 3 full , 1 half
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Luxury at it's best...Spacious, Light & Airy Crystyl Ranch home with Great Floor Plan. Approx 3161 sq.ft entertaining home on 8075 sq ft LOT,4 bedrooms plus a large 5th bonus rm/loft/office, 3.5 bathrooms, 3 car garage.Soaring 2 Story high Ceilings in Living Rm/Family Rm/Kitchen. Master Suite Downstairs with huge walk-in closet, Custom wide plank hickory hardwood floor in Living rm, family rm, kitchen, stairs, loft and hallways,Yard with No rear neighbors, backs to open space, very private with views of hills, Quiet cul-de-sac street, Access to hiking trails, Custom Interior Paint, Drought resistant landscaping, low maintenance yards,Huge Windows with custom drapes, Gourmet Kitchen includes Granite tiles countertops, island w/Stainless sink & dishwasher, Double Oven, Pantry, Eat-in kitchen, Breakfast bar & Family Room w/fireplace, Galindo Creek in back.Views & privacy abound, lots of natural light. Pool & Club House, Tennis Courts. Web: www.5387Aspenwoodct.com

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
Northgate High School High Regular 1,671 67 10

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

Northgate High School

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

$1,034,100$1,263,900$1,149,000

PURCHASE PRICE

$4,284$5,236$4,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,760
EXPENSES Loan Payment -$3,991
Property Tax -$1,130
Property Insurance -$103
HOA -$85
Property Management Fees -$233
CASH FLOW
-$782

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.

$1,149,000

PROJECTED PRICE

$4,760

PROJECTED RENT

0.41%

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-$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$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$310,235

INVESTMENT

$310,235

Down Payment
$287,250
Rehab Estimate
$5,750
Closing Costs
$17,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,991

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $287,250
Loan Amount $861,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$31,105

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,760

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $5,342

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$4,760
1$4,7602$4,900
$4,900
RENT COMPS ANALYSIS
  • 5387 Aspenwood Ct Concord, CA 1
    • 4 beds 4 baths ∙ 3,161 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,161 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $4,760
    • $1.51
    •  
  • Rock Creek Way Concord, CA 2
    • 4 beds 3 baths ∙ 2,891 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,891 Sqft ∙ Built 1986
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $1.69
    •  
PROPERTY LISTING DETAILS
Sonya Johl
Intero Real Estate Services
BESbswy