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829 Deer Spring Circle Concord, CA 94521

4 Beds 3 Baths 2,958 sqft Built 2000

INVESTimate

$999,888

List Price

$4,130

$3,880 - $4,380

Rent Est.

$1,079,679  ( +7.98%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $338.03
  • 3 Days on Market
  • MLS # : CC40917349
  • Updated Date : 08/25/2020 at 08:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,958 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Drysdale Properties

Listing Agent's Description

Located in the sought-after Crystyl Ranch neighborhood, this desirable 2-story home offers upgrades throughout including new custom interior paint, newer carpet on the stairs & upper floor, & newer laminate flooring in the downstairs living spaces. Remodeled kitchen w/ white cabinets & quartz countertops, an island, SS appliances, blue subway tile back splash, under-cabinet lighting, recessed lights & dining area. Laundry room w/220V hook-ups next to the kitchen. Fireplaces in both the living room & family room. Generous master bedroom that opens to the remodeled master bath. The master bath has newer heated tile floors, tile surround tub & stall shower, dual vanity, bluetooth speakers in ceiling & a walk-in closet. Addit'l rooms include an office downstairs w/ a built-in desk & cabinets, formal dining room, the 3rd car garage converted to a bonus room & a loft upstairs. Private backyard w/covered patio, upper deck & views of hills. Near community pool, parks, trails & more! Must see!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94521

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1015k

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

Zip Code: 94521

ZipNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000Rent in $16323193

* 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
Highlands Elementary School Primary Regular 641 24 7
Pine Hollow Middle School Middle Regular 653 28 5
Northgate High School High Regular 1,671 67 10

Highlands Elementary School

  • Education Level: Primary
  • # of students: 641
  • # of teachers: 24
7
GreatSchools Rating

Pine Hollow Middle School

  • Education Level: Middle
  • # of students: 653
  • # of teachers: 28
5
GreatSchools Rating

Northgate High School

  • Education Level: High
  • # of students: 1,671
  • # of teachers: 67
10
GreatSchools Rating
 

$899,899$1,099,877$999,888

PURCHASE PRICE

$3,717$4,543$4,130

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,130
EXPENSES Loan Payment -$3,689
Property Tax -$983
Property Insurance -$94
HOA -$85
Property Management Fees -$202
CASH FLOW
-$923

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.

$999,888

PROJECTED PRICE

$4,130

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.98%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,720

INVESTMENT

$270,720

Down Payment
$249,972
Rehab Estimate
$5,750
Closing Costs
$14,998

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,689

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,972
Loan Amount $749,916
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$19,463

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,130

    LIST RENT
  • $1.5

    LIST RENT PER SQFT
  • $4,661

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$4,130
1$4,1302$4,900
$4,900
RENT COMPS ANALYSIS
  • 829 Deer Spring Circle Concord, 1
    • 4 beds 3 baths ∙ 2,758 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,758 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $4,130
    • $1.50
    •  
  • Rock Creek Way Concord, 2
    • 4 beds 3 baths ∙ 2,891 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,891 Sqft ∙ Built 1986
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $1.69
    •  
PROPERTY LISTING DETAILS
Amy Callahan
Bhhs Drysdale Properties
BESbswy