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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Lower Lakewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lower Lakewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$320,835
LOAN DETAILS
$4,387
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $297,250 |
| Loan Amount | $891,750 |
-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.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$4,241
COMP ESTIMATED VALUE -
$1.98
COMP AVG. RENT PER SQFT
Comps Range
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Van Cleave Ln Walnut Creek, CA 1
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- $0
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LEASED 01/17/20- Rent
- Rent Per SQFT
- $3,900
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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
Dudum Real Estate Group
