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650 W Hawthorne Dr Walnut Creek, CA 94596

4 Beds 2 Baths 2,408 sqft Built 1956

$1,125,000

List Price

$4,150

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $467.19
  • 2 Days on Market
  • MLS # : CC40928507
  • Updated Date : 11/07/2020 at 16:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,408 sqft
  • Baths : 2 full
Listing Agent

Dudum Real Estate Group

Listing Agent's Description

Coveted Walnut Heights neighborhood in South Walnut Creek. Mid century modern feel with indoor and outdoor living and entertaining. Bright and open floor plan with spacious rooms with hard wood flooring and plush carpeting. Beautiful manicured garden with multiple tranquil outdoor seating among majestic oak. Updated kitchen with skylight, white cabinets and granite slab counters and wonderful view of the rear yard. This home has an abundance of charm with optional two living quarters , ideal for office or In-Law. Mostly on level with exception of one room up. Lots of storage throughout. Outstanding Walnut Creek/Acalanes school district.... Do not miss this one!

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PRICE & RENT TRENDS

Neighborhood: Walnut Heights

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $273k1408k

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

Neighborhood: Walnut Heights

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800400042004400Rent in $16714477

* 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
Walnut Heights Elementary School Primary Regular 425 18 10
Walnutcreek Intermediate School Middle Regular 1,219 48 8
Las Lomas High School High Regular 1,541 75 9

Walnut Heights Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 18
10
GreatSchools Rating

Walnutcreek Intermediate School

  • Education Level: Middle
  • # of students: 1,219
  • # of teachers: 48
8
GreatSchools Rating

Las Lomas High School

  • Education Level: High
  • # of students: 1,541
  • # of teachers: 75
9
GreatSchools Rating
 

$1,012,500$1,237,500$1,125,000

PURCHASE PRICE

$3,735$4,565$4,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,150
EXPENSES Loan Payment -$4,151
Property Tax -$1,152
Property Insurance -$85
Property Management Fees -$203
CASH FLOW
-$1,441

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.

$1,125,000

PROJECTED PRICE

$4,150

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

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$303,875

INVESTMENT

$303,875

Down Payment
$281,250
Rehab Estimate
$5,750
Closing Costs
$16,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,151

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $281,250
Loan Amount $843,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,993

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
  • $4,346

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,3003$4,3504$4,5005$5,200
$5,200
RENT COMPS ANALYSIS
  • 650 W Hawthorne Dr Walnut Creek, CA 1
    • 4 beds 2 baths ∙ 2,408 Sqft ∙ Built 1956 4 beds 2 baths ∙ 2,408 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1020 Pontiac Ct Walnut Creek, CA 2
    • 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
    •  
  • 481 La Vista Rd Walnut Creek, CA 3
    • 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 1951 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 1951
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $1.58
    •  
  • 2402 Cutting St Walnut Creek, CA 4
    • 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 1971
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.77
    •  
  • 1942 Whitecliff Ct Walnut Creek, CA 5
    • 5 beds 3 baths ∙ 2,604 Sqft ∙ Built 1973 5 beds 3 baths ∙ 2,604 Sqft ∙ Built 1973
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,200
    • $2.00
    •  
PROPERTY LISTING DETAILS
Joe Dajani
Dudum Real Estate Group
BESbswy