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9 Terranova Dr Antioch, CA 94509

3 Beds 2 Baths 1,782 sqft Built 1970

$518,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $290.68
  • 4 Days on Market
  • MLS # : ML81822853
  • Updated Date : 12/12/2020 at 13:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,782 sqft
  • Baths : 2 full
Listing Agent

Homestead Realty

Listing Agent's Description

3 bedrooms and 2 baths single story in a desirable neighborhood! Wonderful view's of Mt. Diablo. Well maintained . Walk to school's & shopping.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94509

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $190k1015k

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

Zip Code: 94509

ZipNIR Market*CityMarket2010Year20012019 Q21200140016001800200022002400260028003000Rent in $11393193

* 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
Sutter Elementary School Primary Regular 631 23 3
Park Middle School Middle Regular 997 41 3
Antioch High School High Regular 1,774 76 3

Sutter Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 23
3
GreatSchools Rating

Park Middle School

  • Education Level: Middle
  • # of students: 997
  • # of teachers: 41
3
GreatSchools Rating

Antioch High School

  • Education Level: High
  • # of students: 1,774
  • # of teachers: 76
3
GreatSchools Rating
 

$466,200$569,800$518,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,911
Property Tax -$567
Property Insurance -$70
Property Management Fees -$149
CASH FLOW
-$357

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.

$518,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,020

INVESTMENT

$143,020

Down Payment
$129,500
Rehab Estimate
$5,750
Closing Costs
$7,770

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,911

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $129,500
Loan Amount $388,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$21,039

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
  • $2,571

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3503$2,5004$2,5755$2,995
$2,995
RENT COMPS ANALYSIS
  • 9 Terranova Dr Antioch, CA 1
    • 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2925 Camby Rd Antioch, CA 2
    • 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1975
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.32
    •  
  • 301 Robert St Antioch, CA 3
    • 3 beds 1 baths ∙ 1,664 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,664 Sqft ∙ Built 1955
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.50
    •  
  • 808 Tremont Ct Antioch, CA 4
    • 4 beds 2 baths ∙ 1,857 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,857 Sqft ∙ Built 1977
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $1.39
    •  
  • 1035 San Carlos Dr Antioch, CA 5
    • 4 beds 3 baths ∙ 1,919 Sqft ∙ Built 1962 4 beds 3 baths ∙ 1,919 Sqft ∙ Built 1962
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.56
    •  
PROPERTY LISTING DETAILS
Maria Brooks
Homestead Realty
BESbswy