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129 Pioneer Ave Walnut Creek, CA 94597

2 Beds 1 Baths 957 sqft Built 1951

$699,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $730.41
  • 3 Days on Market
  • MLS # : BE40934363
  • Updated Date : 01/15/2021 at 11:47
CONSTRUCTION
  • Beds : 2
  • Floor Size : 957 sqft
  • Baths : 1 full
Listing Agent

Maxim Properties

Listing Agent's Description

Amazing opportunity for a spectacular diamond in the rough at a great price, and a perfect addition for your investor portfolio! This 2 bedroom 1 bathrooms home is on a spacious commercial residential 14,500 sq ft spacious lot, located near eateries and more! Home features a fireplace area for those chilly nights and a dining area with an exit nearby to the backyard. With your personal touch and TLC, imagine the possibilities! The back patio has a perfect layout for your own gardening or your over the top bbq get-together's, completed with an attached and detached garage. Make it yours today!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94597

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Zip Code: 94597

ZipNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714076

* 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
Pleasant Hill Elementary School Primary Regular 702 27 7
Pleasant Hill Middle School Middle Regular 972 39 6
College Park High School High Regular 2,022 81 9

Pleasant Hill Elementary School

  • Education Level: Primary
  • # of students: 702
  • # of teachers: 27
7
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
 

$629,100$768,900$699,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$2,428
Property Tax -$743
Property Insurance -$50
Property Management Fees -$149
CASH FLOW
-$1,160

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.

$699,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$65

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
  • $2,220

    COMP ESTIMATED VALUE
  • $2.32

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$2,6954$2,800
$2,800
RENT COMPS ANALYSIS
  • 129 Pioneer Ave Walnut Creek, CA 1
    • 2 beds 1 baths ∙ 957 Sqft ∙ Built 1951 2 beds 1 baths ∙ 957 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1865 Olmo Way Walnut Creek, CA 2
    • 2 beds 2 baths ∙ 1,169 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,169 Sqft ∙ Built 1971
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $2.22
    •  
  • 21 Weller Ct Pleasant Hill, CA 3
    • 2 beds 2 baths ∙ 1,100 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,100 Sqft ∙ Built 1960
    LEASED 12/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $2.45
    •  
  • 1481 Candelero Dr. Walnut Creek, CA 4
    • 2 beds 2 baths ∙ 1,222 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,222 Sqft ∙ Built 1971
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.29
    •  
PROPERTY LISTING DETAILS
Diana Fitzpatrick
Maxim Properties
BESbswy