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118 Lorenzo Drive Pleasant Hill, CA 94523

3 Beds 2 Baths 1,198 sqft Built 1955

$775,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $646.91
  • 2 Days on Market
  • MLS # : CC40932429
  • Updated Date : 12/19/2020 at 20:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,198 sqft
  • Baths : 2 full
Listing Agent

Bhhs Drysdale Properties

Listing Agent's Description

Pleasant Hill Perfection! This beautiful single level rancher nestled on a tranquil neighbor offers character with modern upgrades. This open-concept, single-level floor plan features a renovated kitchen with a gas range with solid surface counters, soft closing cabinet drawers, stainless steel appliances, a breakfast bar, dual pane windows, and two impressive sliding doors that showcase the backyard views. A sunny master bedroom has an updated ensuite bath, and two spacious secondary bedrooms that have large closets and overlook the spacious back yard. The updated guest bathroom offers updated vanity and a shower over the bathtub--the two car garage has a new cement driveway with interior access. The freshly manicured front yard enhances the welcoming curb appeal. Enjoy the spacious landscaped backyard offering multiple patios, a large lush lawn, and a play area -- the perfect space to relax and enjoy or entertain friends and family. Move right in and start making memories!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Sherman Acres

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $242k1015k

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

Neighborhood: West Sherman Acres

NeighborhoodNIR 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
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$2,859
Property Tax -$843
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
-$1,017

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.

$775,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.9%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,828

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
  • $2,618

    COMP ESTIMATED VALUE
  • $2.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4503$2,8004$2,8005$3,200
$3,200
RENT COMPS ANALYSIS
  • 118 Lorenzo Drive Pleasant Hill, CA 1
    • 3 beds 2 baths ∙ 1,198 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,198 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $2.15
    •  
  • 2074 Hoover Ave Pleasant Hill, CA 3
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1972
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.06
    •  
  • 1520 Orange Concord, CA 4
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1950
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.22
    •  
  • 900 Woodmoor Dr Concord, CA 5
    • 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1972
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.31
    •  
PROPERTY LISTING DETAILS
Linda Landgraf
Bhhs Drysdale Properties
BESbswy