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157 Belle Ave Pleasant Hill, CA 94523

3 Beds 2 Baths 1,575 sqft Built 1954

$975,000

List Price

$3,570

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1954
  • Price/Sqft : $619.05
  • 8 Days on Market
  • MLS # : CC40927084
  • Updated Date : 10/29/2020 at 17:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,575 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Incredibly charming mid-century home that has been well loved & cared for by only 2 families in 66 years! Nearly � acre gives plenty of room to expand, add a pool, casita or whatever! Natural light abounds w/a wall of windows in the main living space, coupled w/warm hardwood & tall ceilings, make this a delightful place to spend your time. Spacious kitchen has been refreshed w/painted wood cabinets, granite, newer appliances, inside laundry & a view of the front garden. Both bathrooms have been perfectly updated. In addition to the 3 bedrooms is a spacious & private office. Historical 'party house' w/ exposed wooden framing, metal corrugated roof & vintage bar. Other features: new HVAC, updated electrical, LED recessed lighting, custom window treatments, new interior & exterior paint, GIANT lot with storage barn, raised planter beds, cutting garden & fruit trees. Excellent location w/easy access to freeway & BART; Close to trails, parks, & amenities. Premier Pleasant Hill Schools!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94523

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1015k

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

Zip Code: 94523

ZipNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000Rent in $16323193

* 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
 

$877,500$1,072,500$975,000

PURCHASE PRICE

$3,213$3,927$3,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,570
EXPENSES Loan Payment -$3,597
Property Tax -$1,067
Property Insurance -$65
Property Management Fees -$175
CASH FLOW
-$1,334

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.

$975,000

PROJECTED PRICE

$3,570

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,597

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$2,156

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,570

    LIST RENT
  • $2.27

    LIST RENT PER SQFT
  • $3,579

    COMP ESTIMATED VALUE
  • $2.27

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,0003$3,2004$3,2005$3,570
$3,570
RENT COMPS ANALYSIS
  • 157 Belle Ave Pleasant Hill, CA 5
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $3,570
    • $2.27
    •  
  • 2074 Hoover Ave Pleasant Hill, CA 1
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1972
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.06
    •  
  • 3240 Hudson Ave Walnut Creek, CA 2
    • 3 beds 1 baths ∙ 1,283 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,283 Sqft ∙ Built 1948
    LEASED 05/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.34
    •  
  • 2671 Sandpiper Ct Walnut Creek, CA 3
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1973
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.30
    •  
  • 3216 Rogers Ave Walnut Creek, CA 4
    • 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1948
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.39
    •  
PROPERTY LISTING DETAILS
Kelly Gargiulo
Keller Williams Realty
BESbswy