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711 Citrus Ave Concord, CA 94518

3 Beds 2 Baths 1,924 sqft Built 1966

$799,000

List Price

$3,240

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1966
  • Price/Sqft : $415.28
  • 3 Days on Market
  • MLS # : BE40925736
  • Updated Date : 11/07/2020 at 08:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,924 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Single level living on a nice corner lot. Don't miss this opportunity to see this home close to the WC border.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ygnacio Woods

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $226k1118k

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

Neighborhood: Ygnacio Woods

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200Rent in $16323265

* 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
Woodside Elementary School Primary Regular 395 15 5
Oak Grove Middle School Middle Regular 695 40 1
Ygnacio Valley High School High Regular 1,134 53 4

Woodside Elementary School

  • Education Level: Primary
  • # of students: 395
  • # of teachers: 15
5
GreatSchools Rating

Oak Grove Middle School

  • Education Level: Middle
  • # of students: 695
  • # of teachers: 40
1
GreatSchools Rating

Ygnacio Valley High School

  • Education Level: High
  • # of students: 1,134
  • # of teachers: 53
4
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,240
EXPENSES Loan Payment -$2,948
Property Tax -$856
Property Insurance -$74
Property Management Fees -$159
CASH FLOW
-$796

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.

$799,000

PROJECTED PRICE

$3,240

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$12,225

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
  • $3,401

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1953$3,1954$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 711 Citrus Ave Concord, CA 1
    • 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1966
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2851 Saint Joseph Dr. Concord, CA 2
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1980
    property image
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.78
    •  
  • 894 Saint John Cir Concord, CA 3
    • 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1979
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.65
    •  
  • 4525 Shellflower Ct Concord, CA 4
    • 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 1981
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.67
    •  
  • 3330 Doral Ct Walnut Creek, CA 5
    • 4 beds 2 baths ∙ 1,779 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,779 Sqft ∙ Built 1968
    property image
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.97
    •  
PROPERTY LISTING DETAILS
Joe Frazzano
Compass
BESbswy