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8 Margaret Dr Walnut Creek, CA 94596

3 Beds 3 Baths 1,334 sqft Built 1949

$1,100,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1949
  • Price/Sqft : $824.59
  • 3 Days on Market
  • MLS # : CC40927798
  • Updated Date : 11/13/2020 at 18:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,334 sqft
  • Baths : 2 full , 1 half
Listing Agent

Golden Gate Sotheby's Int'l Re

Listing Agent's Description

A contemporary farmhouse-style single-story in one of S. Walnut Creek's most coveted neighborhoods. The home greets you with an expanse of lawn, professional landscaping, welcoming front porch, interior shutters and an eye-catching Dutch door. Thoughtful updates throughout and an efficient floor-plan that offers 3- bedrooms and 2.5-baths. Beautiful period details such as crown molding & refinished hardwood floors are paired with new contemporary paint, updated fixtures & quartz stone counters. The entertaining value of this home leaves no box unchecked. Garage doubles as a home gym and office. Spacious exterior offers dining al fresco and entertaining space under a shady pergola with a built-in TV. The spa and newly refinished black-bottom pool (with solar heat for extended seasonal use) are positioned perfectly to allow for lounging in the summer or fireside chats in the winter. A basketball court, play area and pool half-bath offer myriad options for outdoor activities, year-round.

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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
Murwood Elementary School Primary Regular 415 20 7
Walnutcreek Intermediate School Middle Regular 1,219 48 8
Las Lomas High School High Regular 1,541 75 9

Murwood Elementary School

  • Education Level: Primary
  • # of students: 415
  • # of teachers: 20
7
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
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$4,059
Property Tax -$1,126
Property Insurance -$59
Property Management Fees -$149
CASH FLOW
-$2,673

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.

$1,100,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.25%

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-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$4,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$90

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $2.04

    LIST RENT PER SQFT
  • $2,001

    COMP ESTIMATED VALUE
  • $1.5

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,7203$4,500
$4,500
RENT COMPS ANALYSIS
  • 8 Margaret Dr Walnut Creek, CA 2
    • 3 beds 3 baths ∙ 1,334 Sqft ∙ Built 1949 3 beds 3 baths ∙ 1,334 Sqft ∙ Built 1949
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $2.04
    •  
  • 2413 Stirrup Ct Walnut Creek, CA 1
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1968
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.47
    •  
  • 2340 San Miguel Dr Walnut Creek, CA 3
    • 3 beds 2 baths ∙ 1,499 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,499 Sqft ∙ Built 1951
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $3.00
    •  
PROPERTY LISTING DETAILS
Rebecca Burns
Golden Gate Sotheby's Int'l Re
BESbswy