Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

767 Brannan Pl Concord, CA 94518

3 Beds 2 Baths 1,755 sqft Built 1965

$848,000

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $483.19
  • 7 Days on Market
  • MLS # : CC40933142
  • Updated Date : 01/05/2021 at 11:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,755 sqft
  • Baths : 2 full
Listing Agent

Dudum Real Estate Group

Listing Agent's Description

This home has been loved by the same family since 1965! Situated in The Palms/Ygnacio Wood community, bordering Walnut Creek. Feels like WC with a Concord price! Turn-key home features: Beautifully remodeled hall-bath in 2020, remodeled kitchen & master bath, HVAC ducting replaced 3 years ago, roof only 7 yrs new, dual pane-windows throughout, plantation shutters. Spacious living room and separate family room w/ custom cabinetry & gas fireplace insert. Entertainer's yard: colored, stamped concrete, patio cover w/ceiling fan, Pro Tech slate BBQ island w/natural gas Lion BBQ & fire feature, refrigerator, & outdoor lighting. This is a wonderful, desirable community, close to the swim club, Iron Horse Trail, BART, freeway, 4 shopping centers including Whole Foods, Trader Joe's, several restaurants & shopping. Offer Date: 1/11/2021.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Palms

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $226k1224k

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

Neighborhood: The Palms

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200Rent in $16323336

* 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
 

$763,200$932,800$848,000

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$2,945
Property Tax -$908
Property Insurance -$69
Property Management Fees -$167
CASH FLOW
-$690

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.

$848,000

PROJECTED PRICE

$3,400

PROJECTED RENT

0.40%

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$25k

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$230,470

INVESTMENT

$230,470

Down Payment
$212,000
Rehab Estimate
$5,750
Closing Costs
$12,720

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,000
Loan Amount $636,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$15,820

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
  • $3,800

    COMP ESTIMATED VALUE
  • $2.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,7004$4,0005$4,150
$4,150
RENT COMPS ANALYSIS
  • 767 Brannan Pl Concord, CA 1
    • 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3215 Santa Paula Dr Concord, CA 2
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1962
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.17
    •  
  • 3205 San Gabriel Dr Concord, CA 3
    • 4 beds 3 baths ∙ 1,659 Sqft ∙ Built 1963 4 beds 3 baths ∙ 1,659 Sqft ∙ Built 1963
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.23
    •  
  • 932 Kane Cir Walnut Creek, CA 4
    • 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 1965
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.12
    •  
  • 2366 Parish Drive Walnut Creek, CA 5
    • 4 beds 3 baths ∙ 1,941 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,941 Sqft ∙ Built 1964
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $2.14
    •  
PROPERTY LISTING DETAILS
Veronica Hidalgo
Dudum Real Estate Group
BESbswy