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1263 Veranda Dr Pittsburg, CA 94565

4 Beds 3 Baths 2,402 sqft Built 2016

INVESTimate

$635,000

List Price

$3,300

$3,050 - $3,550

Rent Est.

$706,628  ( +11.28%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $264.36
  • 2 Days on Market
  • MLS # : CC40916156
  • Updated Date : 08/25/2020 at 18:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,402 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Welcome to the Toscana at San Marco! Built just 4 years ago by Discovery & Seeno Homes & consisting of over 2,400 SqFt of living space, this spacious, freshly painted home features tall ceilings, over sized rooms & natural light. The ground floor includes dining area, powder room, gourmet kitchen with walk-in pantry, stainless steel appliances, granite counters & island breakfast-bar. The open concept kitchen flows into living room with yard access; perfect for entertaining! The second level features a spacious living room, 3 bedrooms & a master suite with a luxurious soaking tub, shower, dual vanity sinks & walk-in closet! A second upstairs bathroom boasts dual vanity sinks. Laundry room includes sizable washer/dryer included with home! Beautiful low maintenance yard saves on water bill! Backyard is nicely landscaped & great for family. Commuter's dream! Minutes from Hwy 4/BART & 10-15 min to Concord or Walnut Creek. Just 25-35 mi to Oakland & SF. Short walk to park. NO HOA fees!

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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
Delta View Elementary School Primary Regular 654 23 5
Riverview Middle School Middle Regular 735 46 1
Mt. Diablo High School High Regular 1,352 77 4

Delta View Elementary School

  • Education Level: Primary
  • # of students: 654
  • # of teachers: 23
5
GreatSchools Rating

Riverview Middle School

  • Education Level: Middle
  • # of students: 735
  • # of teachers: 46
1
GreatSchools Rating

Mt. Diablo High School

  • Education Level: High
  • # of students: 1,352
  • # of teachers: 77
4
GreatSchools Rating
 

$571,500$698,500$635,000

PURCHASE PRICE

$2,970$3,630$3,300

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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 $3,300
EXPENSES Loan Payment -$2,343
Property Tax -$737
Property Insurance -$85
Property Management Fees -$162
CASH FLOW
-$26

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.

$635,000

PROJECTED PRICE

$3,300

PROJECTED RENT

0.52%

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$174,025

INVESTMENT

$174,025

Down Payment
$158,750
Rehab Estimate
$5,750
Closing Costs
$9,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,343

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $158,750
Loan Amount $476,250
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$65,624

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
  • $3,339

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,2004$3,500
$3,500
RENT COMPS ANALYSIS
  • 1263 Veranda Dr Pittsburg, 1
    • 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2210 Botany Bay Dr Pittsburg, 2
    • 5 beds 3 baths ∙ 2,515 Sqft ∙ Built 2011 5 beds 3 baths ∙ 2,515 Sqft ∙ Built 2011
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.27
    •  
  • 1120 Oakpoint Dr Bay Point, 3
    • 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
    •  
  • Roma Drive Pittsburg, 4
    • 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2013
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.47
    •  
PROPERTY LISTING DETAILS
Todd Goforth
Keller Williams Realty
BESbswy