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867 Grenola Dr Concord, CA 94518

4 Beds 2 Baths 1,704 sqft Built 1963

$740,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1963
  • Price/Sqft : $434.27
  • 4 Days on Market
  • MLS # : CC40927659
  • Updated Date : 11/01/2020 at 09:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,704 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

This single story, 4 bedroom, 2 bath home is just over 1700 sq ft and waiting just for you! Located on a large corner lot, this lovely home has a beautiful kitchen with granite counters and stainless steel appliances, spacious bedrooms, a formal dining room and separate living spaces! The large backyard has multiple sheds for storage and a sparkling pool to take advantage of these warm fall days! Close to shopping, schools, BART and minutes from Walnut Creek. Move in as-is or remodel to your heart's content. Just don't wait! At this price, this home will not last long!

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PRICE & RENT TRENDS

Zip Code: 94518

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1026k

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

Zip Code: 94518

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
Bancroft Elementary School Primary Regular 525 19 7
Oak Grove Middle School Middle Regular 695 40 1
Ygnacio Valley High School High Regular 1,134 53 4

Bancroft Elementary School

  • Education Level: Primary
  • # of students: 525
  • # of teachers: 19
7
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
 

$666,000$814,000$740,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$2,730
Property Tax -$792
Property Insurance -$68
Property Management Fees -$161
CASH FLOW
-$462

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.

$740,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$201,850

INVESTMENT

$201,850

Down Payment
$185,000
Rehab Estimate
$5,750
Closing Costs
$11,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $185,000
Loan Amount $555,000
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$30,530

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,290

    LIST RENT
  • $1.93

    LIST RENT PER SQFT
  • $3,540

    COMP ESTIMATED VALUE
  • $2.08

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2903$3,7004$3,8005$4,000
$4,000
RENT COMPS ANALYSIS
  • 867 Grenola Dr Concord, CA 2
    • 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $1.93
    •  
  • 2360 La Salle Walnut Creek, CA 1
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1974
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.81
    •  
  • 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
    •  
  • 1274 Claiborne Dr Walnut Creek, CA 4
    • 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 1964
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.15
    •  
  • 932 Kane Cir Walnut Creek, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Michele Demartini
Keller Williams Realty
BESbswy