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960 Chandler Ct Concord, CA 94518

4 Beds 2 Baths 2,061 sqft Built 1962

$839,000

List Price

$3,300

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $407.08
  • 5 Days on Market
  • MLS # : CC40931230
  • Updated Date : 12/09/2020 at 13:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,061 sqft
  • Baths : 2 full
Listing Agent

Windermere Diablo Realty

Listing Agent's Description

Home Is Where The Heart Is! Inviting, open kitchen overlooks lush, manicured gardens, enjoy gaslit fireplace in FR. Elegant quartz countertops compliment new stainless-steel applncs. Recessed lights/dual pane windows. Big picture window in FrntRm radiates sunshine. Enjoy outdoor livin' all yr 'round under gazebo patio w/ fan/TV/speakers & BBQ to entertain. Watch sunset, cozy & comfy w/outdoor gas fire pit in huge, private bckyrd. Delight in bounty of 'mini orchard' fruit trees: plum, orange, lemon & 4 apple varieties irrigated w/own well water! Desirable home has room for everyone! Escape to privacy upstairs w/ 2 lrg bedrms/bath or be in the heart of it all, dwnstairs in office/4th bdrm, lounge in mstr bdrm w/slider to bckyrd. Extra storage loft in garage. Close to PH Bart, trails, shopping & fwy ** Cut & paste https://bit.ly/33Pl9ol on browser for MATTERPORT tour of this unique home ** Open House Sun Dec.13th 1-2pm w/strict CAR Covid-19 guidelines must bring preapproval letter **

SEE MORE

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
Fair Oaks Elementary School Primary Regular 403 16 3
Oak Grove Middle School Middle Regular 695 40 1
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

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
 

$755,100$922,900$839,000

PURCHASE PRICE

$2,970$3,630$3,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,300
EXPENSES Loan Payment -$3,096
Property Tax -$931
Property Insurance -$77
Property Management Fees -$162
CASH FLOW
-$965

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.

$839,000

PROJECTED PRICE

$3,300

PROJECTED RENT

0.39%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$228,085

INVESTMENT

$228,085

Down Payment
$209,750
Rehab Estimate
$5,750
Closing Costs
$12,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,096

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $209,750
Loan Amount $629,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$7,137

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,300

    LIST RENT
  • $1.6

    LIST RENT PER SQFT
  • $3,602

    COMP ESTIMATED VALUE
  • $1.75

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,1953$3,3004$3,5005$3,895
$3,895
RENT COMPS ANALYSIS
  • 960 Chandler Ct Concord, CA 3
    • 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 1962 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.60
    •  
  • 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
    •  
  • 2851 Saint Joseph Dr. Concord, CA 2
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1980
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.78
    •  
  • 2195 Smith Ln Concord, CA 4
    • 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1955 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1955
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.61
    •  
  • 1077 Bellamy Ct Walnut Creek, CA 5
    • 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 1978
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $1.79
    •  
PROPERTY LISTING DETAILS
Leticia Almaro Nicolini
Windermere Diablo Realty
BESbswy