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621 Wimbledon Rd Walnut Creek, CA 94598

4 Beds 3 Baths 2,418 sqft Built 1970

$1,325,000

List Price

$4,060

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1970
  • Price/Sqft : $547.97
  • 8 Days on Market
  • MLS # : CC40927081
  • Updated Date : 10/27/2020 at 17:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,418 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Accord

Listing Agent's Description

Lovely home in a sought after neighborhood*Solar for home is owned*Sunken living room w/a wall of glass which opens to the pool retreat in the backyard, w/vaulted ceiling, stone gas FP*Open kitchen, newer SS appliances,breakfast bar,silestone counters, abundance of cabinets,travertine backsplash, eat in kitchen w/garden window*Formal Dining*Family room w/hardwood flrs, wood FP,built in speakers, Italian spun glass cabinets to stay*Beautifully updated bathrooms, Master has updated vanity, porcelain tile floors, shower has onyx floor & travertine walls *Dreamy backyard with a pool & spa heated by solar, decking and pergola's, tile patio

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estate of Walnut Creek

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $273k1526k

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

Neighborhood: Estate of Walnut Creek

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000420044004600Rent in $16714752

* 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
Bancroft Elementary School Primary Regular 525 19 7
Foothill Middle School Middle Regular 1,014 40 9
Northgate High School High Regular 1,671 67 10

Bancroft Elementary School

  • Education Level: Primary
  • # of students: 525
  • # of teachers: 19
7
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
 

$1,192,500$1,457,500$1,325,000

PURCHASE PRICE

$3,654$4,466$4,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,060
EXPENSES Loan Payment -$4,889
Property Tax -$1,341
Property Insurance -$85
Property Management Fees -$199
CASH FLOW
-$2,454

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.

$1,325,000

PROJECTED PRICE

$4,060

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.6%
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$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$356,875

INVESTMENT

$356,875

Down Payment
$331,250
Rehab Estimate
$5,750
Closing Costs
$19,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,889

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $331,250
Loan Amount $993,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$105

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,060

    LIST RENT
  • $1.68

    LIST RENT PER SQFT
  • $4,080

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$3,495
1$3,4952$3,5003$4,0604$4,3005$4,350
$4,350
RENT COMPS ANALYSIS
  • 621 Wimbledon Rd Walnut Creek, CA 3
    • 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $4,060
    • $1.68
    •  
  • 2010 Gill Port Ln Walnut Creek, CA 1
    • 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 1969
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.54
    •  
  • 2195 Smith Ln Concord, CA 2
    • 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1955 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1955
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.61
    •  
  • 1020 Pontiac Ct Walnut Creek, CA 4
    • 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
    •  
  • 131 Camrose Pl Walnut Creek, CA 5
    • 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 1982
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $1.73
    •  
PROPERTY LISTING DETAILS
Tina Van Arsdale
Re/max Accord
BESbswy