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Lindley Dr Antioch, CA 94509

3 Beds 1 Baths 998 sqft Built 1965

$418,500

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1965
  • Price/Sqft : $419.34
  • 2 Days on Market
  • MLS # : CC40927007
  • Updated Date : 11/02/2020 at 09:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 998 sqft
  • Baths : 1 full
Listing Agent

J. Ryer Realtors

Listing Agent's Description

First time on the Market! This spacious home has 3 bedrooms, updated bathrooms, and lots of living space. Single story ranch style house. Big backyard, nice place to relax and enjoy the privacy of your yard. Fresh paint inside and nicely landscaped front and backyard. Welcome Home.

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
Belshaw Elementary School Primary Regular 540 21 2
Park Middle School Middle Regular 997 41 3
Antioch High School High Regular 1,774 76 3

Belshaw Elementary School

  • Education Level: Primary
  • # of students: 540
  • # of teachers: 21
2
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
 

$376,650$460,350$418,500

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,544
Property Tax -$458
Property Insurance -$51
Property Management Fees -$149
CASH FLOW
-$162

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.

$418,500

PROJECTED PRICE

$2,040

PROJECTED RENT

0.49%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,653

INVESTMENT

$116,653

Down Payment
$104,625
Rehab Estimate
$5,750
Closing Costs
$6,278

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,544

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,625
Loan Amount $313,875
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$30,930

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
  • $1,457

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$2,250
$2,250
RENT COMPS ANALYSIS
  • Lindley Dr Antioch, CA 1
    • 3 beds 1 baths ∙ 998 Sqft ∙ Built 1965 3 beds 1 baths ∙ 998 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2603 Carlton Ln Antioch, CA 2
    • 3 beds 2 baths ∙ 1,056 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,056 Sqft ∙ Built 1972
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.18
    •  
  • 3709 Dimaggio Way Antioch, CA 3
    • 3 beds 1 baths ∙ 1,291 Sqft ∙ Built 1978 3 beds 1 baths ∙ 1,291 Sqft ∙ Built 1978
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.74
    •  
PROPERTY LISTING DETAILS
Jason Ryer
J. Ryer Realtors
BESbswy