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124 Mazie Dr Pleasant Hill, CA 94523

3 Beds 1 Baths 1,412 sqft Built 1950

$849,000

List Price

$2,810

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1950
  • Price/Sqft : $601.27
  • 4 Days on Market
  • MLS # : EB40927675
  • Updated Date : 10/31/2020 at 11:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,412 sqft
  • Baths : 1 full
Listing Agent

Corcoran Global Living

Listing Agent's Description

Beautiful Updated Gregory Gardens home in Pleasant Hill with a landscaped back yard with pool! Sellers did a lot of updating including painted inside and out, plus new carpets. French drain installed with sump pump Electrical upgrade Redid Back deck & fence Central heating and air Dual pane windows Ordaz Marble tub enclosure American Standard tub All new drainage plumbing put in by Advanced Trenchless technology in 2010 Travertine tile installed in bathroom and hallway. Hand painted Spanish tile installed in bathroom and tub enclosure. Spanish floor tile installed in kitchen, 1/2 bath and family room. Paradiso granite installed in kitchen. New Alderwood cabinet doors and drawer boxes in kitchen.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gregory Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $266k1078k

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

Neighborhood: Gregory Gardens

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16713863

* 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
 

$764,100$933,900$849,000

PURCHASE PRICE

$2,529$3,091$2,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,810
EXPENSES Loan Payment -$3,132
Property Tax -$923
Property Insurance -$61
Property Management Fees -$149
CASH FLOW
-$1,456

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.

$849,000

PROJECTED PRICE

$2,810

PROJECTED RENT

0.33%

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 5.09%
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-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,132

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$92

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
  • $2,871

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3953$2,4504$2,800
$2,800
RENT COMPS ANALYSIS
  • 124 Mazie Dr Pleasant Hill, CA 1
    • 3 beds 1 baths ∙ 1,412 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,412 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1786 Toyon Dr Concord, CA 2
    • 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1955
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.73
    •  
  • 2426 Pleasant Hill Rd 1 Pleasant Hill, CA 3
    • 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
    •  
  • 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
    •  
PROPERTY LISTING DETAILS
Michael Guzzardo
Corcoran Global Living
BESbswy