Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1155 Steven Drive Pittsburg, CA 94565

4 Beds 2 Baths 1,968 sqft Built 1968

INVESTimate

$550,000

List Price

$2,600

$2,350 - $2,850

Rent Est.

$612,040  ( +11.28%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1968
  • Price/Sqft : $279.47
  • 2 Days on Market
  • MLS # : EB40918098
  • Updated Date : 08/25/2020 at 08:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,968 sqft
  • Baths : 2 full
Listing Agent

Rick Fuller Inc.

Listing Agent's Description

Beautifully updated single story home. Gourmet kitchen with stainless appliances, granite counter tops and updated cabinets.� Wide plank flooring and ceiling fans. Tons of space; formal living room, family room with fireplace and over sized bonus room with slider to back yard.� Spacious master bedroom with refreshed bath. Gorgeous backyard with stamped covered patio, raised flower beds, water fountain, storage shed and RV parking.� Fantastic location; close to restaurants, shopping and schools. Don't miss this one!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94565

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $184k1015k

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

Zip Code: 94565

ZipNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $12273193

* 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
Stoneman Elementary School Primary Regular 648 28 3
Hillview Junior High School Middle Regular 874 37 3
Pittsburg High School High Regular 3,061 128 4

Stoneman Elementary School

  • Education Level: Primary
  • # of students: 648
  • # of teachers: 28
3
GreatSchools Rating

Hillview Junior High School

  • Education Level: Middle
  • # of students: 874
  • # of teachers: 37
3
GreatSchools Rating

Pittsburg High School

  • Education Level: High
  • # of students: 3,061
  • # of teachers: 128
4
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,029
Property Tax -$641
Property Insurance -$75
Property Management Fees -$149
CASH FLOW
-$294

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.

$550,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.28%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$28,526

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
  • $2,716

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,795
$2,795
RENT COMPS ANALYSIS
  • 1155 Steven Drive Pittsburg, 1
    • 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2206 Westgate Dr Pittsburg, 2
    • 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 1980
    LEASED 07/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.36
    •  
  • 23 Barrie Ct Pittsburg, 3
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1961 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1961
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.40
    •  
PROPERTY LISTING DETAILS
Rick Fuller
Rick Fuller Inc.
BESbswy