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1285 Marlesta Rd Pinole, CA 94564

3 Beds 2 Baths 1,216 sqft Built 1958

$639,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $525.49
  • 5 Days on Market
  • MLS # : CC40932904
  • Updated Date : 01/07/2021 at 19:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,216 sqft
  • Baths : 2 full
Listing Agent

Security Pacific Real Estate

Listing Agent's Description

The search for your dream home is over! Just listed in highly sought after and conveniently located Pinole, this exquisitely remodeled mid-century modern home on almost 1/3 of an acre of land with high end finishes, original vaulted wood beam ceilings with beaming sky lights, original and refinished hardwood flooring, a large inviting pool and spectacular bay views from the upper part of multi-level lot is sure to dazzle you! Matterport: https://my.matterport.com/show/?m=WaKxwW1M5mw

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Nob Hill

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1035k

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

Neighborhood: Nob Hill

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14543193

* 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
Shannon Elementary School Primary Regular 343 16 6
Shannon Elementary School Middle Regular 343 16 6
Pinole Valley High School High Regular 1,205 54 4

Shannon Elementary School

  • Education Level: Primary
  • # of students: 343
  • # of teachers: 16
6
GreatSchools Rating

Shannon Elementary School

  • Education Level: Middle
  • # of students: 343
  • # of teachers: 16
6
GreatSchools Rating

Pinole Valley High School

  • Education Level: High
  • # of students: 1,205
  • # of teachers: 54
4
GreatSchools Rating
 

$575,100$702,900$639,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,219
Property Tax -$769
Property Insurance -$57
Property Management Fees -$149
CASH FLOW
-$594

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.

$639,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.0%
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

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$175,085

INVESTMENT

$175,085

Down Payment
$159,750
Rehab Estimate
$5,750
Closing Costs
$9,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,219

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $159,750
Loan Amount $479,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$8,713

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
  • $2,610

    COMP ESTIMATED VALUE
  • $2.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,6504$3,800
$3,800
RENT COMPS ANALYSIS
  • 1285 Marlesta Rd Pinole, CA 1
    • 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3136 Deseret Dr Richmond, CA 2
    • 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1957
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.01
    •  
  • 2721 Sargent Ave San Pablo, CA 3
    • 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1962
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.89
    •  
  • 120 Renfrew Court El Sobrante, CA 4
    • 4 beds 2 baths ∙ 1,495 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,495 Sqft ∙ Built 1957
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.54
    •  
PROPERTY LISTING DETAILS
Mariama Gebeyehou
Security Pacific Real Estate
BESbswy