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5540 Rathdrum Way Antioch, CA 94531

4 Beds 3 Baths 2,237 sqft Built 2013

INVESTimate

$599,000

List Price

$2,670

$2,420 - $2,920

Rent Est.

$659,619  ( +10.12%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $267.77
  • 8 Days on Market
  • MLS # : CC40916171
  • Updated Date : 08/25/2020 at 14:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,237 sqft
  • Baths : 3 full
Listing Agent

Brickhouse Real Estate Partner

Listing Agent's Description

Superb no steps to entry, single level spacious 4 bd, 3 ba, plus den/office. 2,237 sq ft. home located in BRENTWOOD SCHOOL DISTRICT! This is a perfect single story home featuring an outdoor entertaining space with fireplace, California room with TV included, pool and hot tub. An entertainers dream!!! Open concept kitchen with island. Brand new dishwasher and custom screens on front & back doors. Built in surround sound and plantation shutters throughout. No HOA fees or MELLO ROOS in this community. Turn key ready! Located within miles from the freeway and shopping. Don't miss out, this one won't last long!

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PRICE & RENT TRENDS

Zip Code: 94531

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $214k1015k

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

Zip Code: 94531

ZipNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $12473193

* 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
Pioneer Elementary School Primary Regular 879 34 6
Adams Middle School Middle Regular 1,106 40 8
Heritage High School High Regular 2,503 100 9

Pioneer Elementary School

  • Education Level: Primary
  • # of students: 879
  • # of teachers: 34
6
GreatSchools Rating

Adams Middle School

  • Education Level: Middle
  • # of students: 1,106
  • # of teachers: 40
8
GreatSchools Rating

Heritage High School

  • Education Level: High
  • # of students: 2,503
  • # of teachers: 100
9
GreatSchools Rating
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$2,210
Property Tax -$620
Property Insurance -$81
Property Management Fees -$149
CASH FLOW
-$390

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.

$599,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.12%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$24,749

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
  • $2,841

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$2,8504$2,9505$2,950
$2,950
RENT COMPS ANALYSIS
  • 5540 Rathdrum Way Antioch, 1
    • 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4900 Foxford Way Antioch, 2
    • 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 2005
    LEASED 03/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.26
    •  
  • 2312 Blue Ridge Ave Brentwood, 3
    • 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2011
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.22
    •  
  • 2078 Salice Way Brentwood, 4
    • 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2016
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.28
    •  
  • 4639 Glasgow Ct Antioch, 5
    • 4 beds 3 baths ∙ 2,236 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,236 Sqft ∙ Built 2012
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.32
    •  
PROPERTY LISTING DETAILS
Charles Araujo
Brickhouse Real Estate Partner
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