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5507 Lowry Ct Concord, CA 94521

4 Beds 2 Baths 1,926 sqft Built 1976

INVESTimate

$779,000

List Price

$3,180

$2,930 - $3,430

Rent Est.

$841,164  ( +7.98%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $404.47
  • 3 Days on Market
  • MLS # : CC40918029
  • Updated Date : 08/25/2020 at 13:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,926 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Please visit this single story home in the desirable Kirkwood neighborhood on the Clayton boarder. It is at the end of a cul-de-sac with an over-sized driveway. This lot has a dog run and RV/ boat parking. The private backyard has a sparkling pool, large hot tub, and backs to open space. The freshly painted interior features an updated eat in kitchen with new flooring that opens up to the living area with an abundance of natural light. Both bathrooms have been recently remodeled and there is a complete indoor laundry room. The spacious master leads out to the beautiful backyard. Don't miss this opportunity to live in this sought after neighborhood with great schools!

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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
Ayers Elementary School Primary Regular 455 18 5
Diablo View Middle School Middle Regular 664 27 8
Clayton Valley Charter High School High Regular NA

Ayers Elementary School

  • Education Level: Primary
  • # of students: 455
  • # of teachers: 18
5
GreatSchools Rating

Diablo View Middle School

  • Education Level: Middle
  • # of students: 664
  • # of teachers: 27
8
GreatSchools Rating

Clayton Valley Charter High School

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

$701,100$856,900$779,000

PURCHASE PRICE

$2,862$3,498$3,180

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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$2,874
Property Tax -$884
Property Insurance -$74
Property Management Fees -$156
CASH FLOW
-$808

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.

$779,000

PROJECTED PRICE

$3,180

PROJECTED RENT

0.41%

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$212,185

INVESTMENT

$212,185

Down Payment
$194,750
Rehab Estimate
$5,750
Closing Costs
$11,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $194,750
Loan Amount $584,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$10,179

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,180

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $3,168

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,0003$3,1804$3,2005$3,595
$3,595
RENT COMPS ANALYSIS
  • 5507 Lowry Ct Concord, 3
    • 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $3,180
    • $1.65
    •  
  • 1284 New Hampshire Dr Concord, 1
    • 4 beds 3 baths ∙ 1,898 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,898 Sqft ∙ Built 1976
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.58
    •  
  • 5324 Myrtle Dr Concord, 2
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1975
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.75
    •  
  • 5569 Southbrook Drive Clayton, 4
    • 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 1965 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 1965
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.58
    •  
  • 30 Mt. Rainer Ct Clayton, 5
    • 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 1994
    LEASED 05/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,595
    • $1.67
    •  
PROPERTY LISTING DETAILS
Lynne French
Compass
BESbswy