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940 Keniworth Court Walnut Creek, CA 94596

4 Beds 3 Baths 2,284 sqft Built 1972

INVESTimate

$1,285,000

List Price

$4,290

$4,040 - $4,540

Rent Est.

$1,358,374  ( +5.71%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $562.61
  • 6 Days on Market
  • MLS # : EB40917677
  • Updated Date : 08/24/2020 at 11:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,284 sqft
  • Baths : 2 full , 1 half
Listing Agent

Wr Properties

Listing Agent's Description

Rudgear Estates jewel with all the upgrades and amenities! Coming through the front door you are greeted with beautiful engineered hardwood covering throughout. Vaulted ceilings allow the light to come pouring into the formal living and dining rooms. This impeccably remodeled kitchen features, Thermador gas range and oven and a beautifully designed indoor/outdoor island perfect for all weather entertaining. This chef's kitchen also opens up to the family room which features wet bar and built-in wine fridge. The beautiful tile stairs lead you up to the second floor where you will find the spacious master bedroom along with three other bedrooms. Master bathroom features a wet room style shower and tub. As if all of this wasn't enough, the backyard oasis features a gorgeous custom pool, spa, built-in barbecue and plenty of room for entertaining. Just minutes to parks, trails, open space, community pool, freeways, BART, shops, restaurants, and top-rated Walnut Creek schools.

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PRICE & RENT TRENDS

Neighborhood: Rudgear Estates

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1338k

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

Neighborhood: Rudgear Estates

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000320034003600380040004200Rent in $16714326

* 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
 

$1,156,500$1,413,500$1,285,000

PURCHASE PRICE

$3,861$4,719$4,290

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$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,290
EXPENSES Loan Payment -$4,741
Property Tax -$1,376
Property Insurance -$82
HOA -$1,148
Property Management Fees -$210
CASH FLOW
-$3,268

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.

$1,285,000

PROJECTED PRICE

$4,290

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.71%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$346,275

INVESTMENT

$346,275

Down Payment
$321,250
Rehab Estimate
$5,750
Closing Costs
$19,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,741

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $321,250
Loan Amount $963,750
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$196

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
  • $4,465

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,5003$4,5004$4,8005$5,200
$5,200
RENT COMPS ANALYSIS
  • 940 Keniworth Court Walnut Creek, 1
    • 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2607 Bridle Ln Walnut Creek, 2
    • 4 beds 2 baths ∙ 2,312 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,312 Sqft ∙ Built 1978
    property image
    LEASED 02/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.95
    •  
  • 2402 Cutting St Walnut Creek, 3
    • 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 1971
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.77
    •  
  • 1958 Amesbury Ct. Walnut Creek, 4
    • 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 1974
    property image
    LEASED 03/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $2.10
    •  
  • 1942 Whitecliff Ct Walnut Creek, 5
    • 5 beds 3 baths ∙ 2,604 Sqft ∙ Built 1973 5 beds 3 baths ∙ 2,604 Sqft ∙ Built 1973
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,200
    • $2.00
    •  
PROPERTY LISTING DETAILS
Wes Olson
Wr Properties
BESbswy