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1002 Santa Cruz Dr Pleasant Hill, CA 94523

3 Beds 2 Baths 1,131 sqft Built 1954

$710,000

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $627.76
  • 4 Days on Market
  • MLS # : CC40930977
  • Updated Date : 12/03/2020 at 17:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,131 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

This home gasconade signature Eichler features that add interest and space. An open floor plan boasts raised angled ceilings throughout the home with exposed beams. The kitchen is located at the home's center and connects easily with common spaces for continuous flow throughout the house and has plenty of storage. Both gable end walls are topped with glass, connecting the outdoors to the inside while preserving privacy. An addition of the back provides an extra bonus room. The room is light and bright and can be used as office, play room or storage. The backyard is a little paradise itself with a beautiful cement-mosaic table, benches and a gas fire pit to enjoy the evenings. Another enchanting place is the Hammock underneath a beautiful tree. I can see myself hanging in there and reading a book. And not to forget, there's enough space for RV/boat parking. This home is super cute and a must see!

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PRICE & RENT TRENDS

Zip Code: 94523

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1015k

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

Zip Code: 94523

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
Gregory Gardens Elementary School Primary Regular 373 13 5
Pleasant Hill Middle School Middle Regular 972 39 6
College Park High School High Regular 2,022 81 9

Gregory Gardens Elementary School

  • Education Level: Primary
  • # of students: 373
  • # of teachers: 13
5
GreatSchools Rating

Pleasant Hill Middle School

  • Education Level: Middle
  • # of students: 972
  • # of teachers: 39
6
GreatSchools Rating

College Park High School

  • Education Level: High
  • # of students: 2,022
  • # of teachers: 81
9
GreatSchools Rating
 

$639,000$781,000$710,000

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$2,620
Property Tax -$777
Property Insurance -$54
Property Management Fees -$149
CASH FLOW
-$720

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.

$710,000

PROJECTED PRICE

$2,880

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.8%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$193,900

INVESTMENT

$193,900

Down Payment
$177,500
Rehab Estimate
$5,750
Closing Costs
$10,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,620

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $177,500
Loan Amount $532,500
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$10,592

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,880

    LIST RENT
  • $2.55

    LIST RENT PER SQFT
  • $2,480

    COMP ESTIMATED VALUE
  • $2.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,4503$2,7504$2,8005$2,880
$2,880
RENT COMPS ANALYSIS
  • 1002 Santa Cruz Dr Pleasant Hill, CA 5
    • 3 beds 2 baths ∙ 1,131 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,131 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $2.55
    •  
  • 979 Argenta Dr Martinez, CA 1
    • 3 beds 1 baths ∙ 1,026 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,026 Sqft ∙ Built 1960
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $2.19
    •  
  • 2426 Pleasant Hill Rd 1 Pleasant Hill, CA 2
    • 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1970
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $2.15
    •  
  • 929 Notre Dame Ave Concord, CA 3
    • 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1957
    property image
    LEASED 06/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.21
    •  
  • 1520 Orange Concord, CA 4
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1950
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.22
    •  
PROPERTY LISTING DETAILS
Gabriele Orbell
Keller Williams Realty
BESbswy