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PROPERTY INFO
FACTS
- Single Family
- Built In 1958
- Price/Sqft : $596.98
- 3 Days on Market
- MLS # : CC40930219
- Updated Date : 11/27/2020 at 11:37
CONSTRUCTION
- Beds : 5
- Floor Size : 2,387 sqft
- Baths : 3 full
Listing Agent
Bay Area Modern Real Estate
Listing Agent's Description
Custom 2 story Eichler affords ample living space with 5BD/3BA and a total of 2,387 SF (per tax records). A majestic open living area is accentuated with a high-pitched post & beam ceiling that spans the entirety of the home. A superbly remodeled kitchen makes this home a true entertainer's delight & features double 20 ft islands w/Sub Zero fridge. The entire lower level of the home has been tiled complementing the radiant heating alongside additional mini-split AC/Heaters in every room. Floor-to-ceiling glass walls along with multiple skylights blur the lines between indoors/outdoors & flood the home with natural light. All baths are fully remodeled & 2nd bdrm doubles as family room. Other notable features include new double-paned windows, mahogany wood walls, globe lighting, Tesla EV charging port & warrantied roof. The large yard allows for private outdoor living with separate spa, sauna & shower cabana. Located in a quiet cul-de-sac, this home is also very centrally located.
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PRICE & RENT TRENDS
Neighborhood: Rancho San Miguel
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho San Miguel
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,360 |
| EXPENSES | Loan Payment | -$5,258 |
| Property Tax | -$1,483 | |
| Property Insurance | -$85 | |
| Property Management Fees | -$214 | |
|
CASH FLOW
-$2,679
|
||
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.
$1,425,000
PROJECTED PRICE
$4,360
PROJECTED RENT
0.31%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 8.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.09% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$383,375
LOAN DETAILS
$5,258
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $356,250 |
| Loan Amount | $1,068,750 |
0.08
YEARS SAVED
$97
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$4,686
COMP ESTIMATED VALUE -
$1.96
COMP AVG. RENT PER SQFT
Comps Range
-
61 Los Cerros Pl Walnut Creek, CA 1
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- Rent
- Rent Per SQFT
- $0
- $0.00
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350 Pickering Place Walnut Creek, CA 2
- 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
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1020 Pontiac Ct Walnut Creek, CA 3
- 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 1974
LEASED 02/20/20- Rent
- Rent Per SQFT
- $4,300
- $1.87
-
3374 Whitehaven Dr Walnut Creek, CA 4
- 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
Bay Area Modern Real Estate
