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1182 Red Leaf Way Pittsburg, CA 94565

4 Beds 3 Baths 2,025 sqft Built 1993

$565,000

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $279.01
  • 2 Days on Market
  • MLS # : EB40931186
  • Updated Date : 12/05/2020 at 12:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,025 sqft
  • Baths : 3 full
Listing Agent

Blackstone Signature Prop&inv

Listing Agent's Description

2-story with 4 Bd/ 3 Full Bths, 1 Bd/ 1 Bth downstairs. Spacious Living Room With Soaring Ceilings And Designer Chandeliers. Formal Dining & Sunny Eat-in Kitchen. Gazebo In Backyard Perfect For Entertaining. Largest of the Seasons Floorplans. Close to bart and freeway.

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
Willow Cove Elementary School Primary Regular 684 31 2
Rancho Medanos Junior High School Middle Regular 873 45 3
Pittsburg High School High Regular 3,061 128 4

Willow Cove Elementary School

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 31
2
GreatSchools Rating

Rancho Medanos Junior High School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 45
3
GreatSchools Rating

Pittsburg High School

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

$508,500$621,500$565,000

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$2,085
Property Tax -$654
Property Insurance -$76
Property Management Fees -$149
CASH FLOW
-$394

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.

$565,000

PROJECTED PRICE

$2,570

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.3%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
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-$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$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,085

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$21,128

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
  • $2,781

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$2,8004$3,200
$3,200
RENT COMPS ANALYSIS
  • 1182 Red Leaf Way Pittsburg, CA 1
    • 4 beds 3 baths ∙ 2,025 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,025 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2427 Woodhill Dr Pittsburg, CA 2
    • 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 1998
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.19
    •  
  • 1005 Cape May Drive Pittsburg, CA 3
    • 4 beds 3 baths ∙ 1,865 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,865 Sqft ∙ Built 2001
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.50
    •  
  • 1120 Oakpoint Dr Bay Point, CA 4
    • 5 beds 3 baths ∙ 2,234 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,234 Sqft ∙ Built 2002
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.43
    •  
PROPERTY LISTING DETAILS
Saleh Gharibyar
Blackstone Signature Prop&inv
BESbswy