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922 Bancroft Rd Concord, CA 94518

3 Beds 2 Baths 1,385 sqft Built 1964

$675,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1964
  • Price/Sqft : $487.36
  • 6 Days on Market
  • MLS # : CC40927927
  • Updated Date : 11/06/2020 at 10:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,385 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Super charming & completely dialed in, this Colony Park rancher will surely delight you! Awesome light, bright, open floor plan. OWNED Tesla solar panels. Spacious main living room open to both the kitchen & dining area, this property has perfect flow & is so comfy, you'll never want to leave. Quiet on the inside due to several triple paned windows & extra insulation. Refreshed kitchen w/ new cabinet doors, new hardware & new fixtures. It also features double ovens, electric cooktop & has plenty of space to eat in. Updated hall bath w/ tons of storage; Spacious primary bedroom & bathroom w/walk-in closet. Other features: hardwood floors, recessed lighting, all new fixtures, new carpet & new paint inside & out; Sparkling blue pool, spacious yard, some new fencing, new gates; huge side yard w/ room to store your RV or boat, or plant a garden, install a play structure or ADU. Excellent location bordering both PH & WC. Close to BART, freeway access, shops, restaurants & amenities!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Colony Park

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1076k

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

Neighborhood: Colony Park

NeighborhoodNIR 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
Fair Oaks Elementary School Primary Regular 403 16 3
Pleasant Hill Middle School Middle Regular 972 39 6
Ygnacio Valley High School High Regular 1,134 53 4

Fair Oaks Elementary School

  • Education Level: Primary
  • # of students: 403
  • # of teachers: 16
3
GreatSchools Rating

Pleasant Hill Middle School

  • Education Level: Middle
  • # of students: 972
  • # of teachers: 39
6
GreatSchools Rating

Ygnacio Valley High School

  • Education Level: High
  • # of students: 1,134
  • # of teachers: 53
4
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,490
Property Tax -$768
Property Insurance -$61
Property Management Fees -$149
CASH FLOW
-$648

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.

$675,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.6%
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

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$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$12,030

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
  • $2,988

    COMP ESTIMATED VALUE
  • $2.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$2,8004$3,1005$3,750
$3,750
RENT COMPS ANALYSIS
  • 922 Bancroft Rd Concord, CA 1
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2716 Oak Road 97 Walnut Creek, CA 2
    • 3 beds 2 baths ∙ 1,181 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,181 Sqft ∙ Built 1972
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.29
    •  
  • 1520 Orange Concord, CA 3
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1950
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.22
    •  
  • 2360 La Salle Walnut Creek, CA 4
    • 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
    •  
  • 132 Calle Nogales Walnut Creek, CA 5
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1962
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.31
    •  
PROPERTY LISTING DETAILS
Kelly Gargiulo
Keller Williams Realty
BESbswy