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Van Cleave Ln Walnut Creek, CA 94596

3 Beds 2 Baths 2,142 sqft Built 1946

$1,189,000

List Price

$3,490

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $555.09
  • 6 Days on Market
  • MLS # : CC40931306
  • Updated Date : 12/10/2020 at 20:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,142 sqft
  • Baths : 2 full
Listing Agent

Dudum Real Estate Group

Listing Agent's Description

Tucked away on a private lane, this +/-2,140SF home is located in one of WC's most sought after neighborhoods, Walnut Heights. The light-filled 3BR/2BA + Office boasts a spacious living room with herringbone marble gas fireplace, an open dining room and French doors to the breezeway. The bright kitchen offers white cabinetry, stainless front appliances, stone counters & a pantry. A separate family room has French doors to the large entertaining patio, a comfortable & spacious area for dining, lounging & living outdoors is complete with a BBQ area, TV & a grassy yard all ensconced in privacy. The primary en-suite bedroom offers his & her closets, French doors to a stone patio & access to a separate office. Additionally there are 2 oversized bedrooms that share a bathroom. The majority of the windows are dual paned, fresh interior/exterior paint & hardwood floors throughout. Great location with close proximity to schools & desirable downtown Walnut Creek with endless shopping & dining.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lower Lakewood

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $178k1078k

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

Neighborhood: Lower Lakewood

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714076

* 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
Indian Valley Elementary School Primary Regular 489 20 9
Walnutcreek Intermediate School Middle Regular 1,219 48 8
Las Lomas High School High Regular 1,541 75 9

Indian Valley Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 20
9
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
 

$1,070,100$1,307,900$1,189,000

PURCHASE PRICE

$3,141$3,839$3,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,490
EXPENSES Loan Payment -$4,387
Property Tax -$1,318
Property Insurance -$79
Property Management Fees -$171
CASH FLOW
-$2,464

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.

$1,189,000

PROJECTED PRICE

$3,490

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$320,835

INVESTMENT

$320,835

Down Payment
$297,250
Rehab Estimate
$5,750
Closing Costs
$17,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,387

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $297,250
Loan Amount $891,750
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

$4

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
  • $4,241

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9003$4,250
$4,250
RENT COMPS ANALYSIS
  • Van Cleave Ln Walnut Creek, CA 1
    • 3 beds 2 baths ∙ 2,142 Sqft ∙ Built 1946 3 beds 2 baths ∙ 2,142 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 755 Autumn Dr Walnut Creek, CA 2
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1965
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.94
    •  
  • 350 Pickering Place Walnut Creek, CA 3
    • 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 1960 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 1960
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.02
    •  
PROPERTY LISTING DETAILS
Stacy Keller
Dudum Real Estate Group
BESbswy