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161 Luella Dr Pleasant Hill, CA 94523

3 Beds 2 Baths 1,683 sqft Built 1950

$829,000

List Price

$3,500

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1950
  • Price/Sqft : $492.57
  • 4 Days on Market
  • MLS # : EB40927715
  • Updated Date : 10/31/2020 at 18:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,683 sqft
  • Baths : 2 full
Listing Agent

Red Oak Realty

Listing Agent's Description

Gorgeous updated Gregory Gardens home. Interior features include: modern open floor plan, upgraded kitchen with breakfast bar, stainless steel appliances, granite counters, designer lighting, great room with vaulted ceiling, living room with fireplace, hardwood floors, new carpets, modern dual pane windows, and 2 car garage. Updated Master Bathroom includes: Calacatta marble shower and counters, double shower heads, and custom vanity. Exterior features include: large landscaped backyard with mature oak tree, front yard with mature ash tree and ample storage shed in the back yard.

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
 

$746,100$911,900$829,000

PURCHASE PRICE

$3,150$3,850$3,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,500
EXPENSES Loan Payment -$3,059
Property Tax -$901
Property Insurance -$68
Property Management Fees -$172
CASH FLOW
-$699

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.

$829,000

PROJECTED PRICE

$3,500

PROJECTED RENT

0.42%

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

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$225,435

INVESTMENT

$225,435

Down Payment
$207,250
Rehab Estimate
$5,750
Closing Costs
$12,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $207,250
Loan Amount $621,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$19,028

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
  • $3,955

    COMP ESTIMATED VALUE
  • $2.35

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,750
$3,750
RENT COMPS ANALYSIS
  • 161 Luella Dr Pleasant Hill, CA 1
    • 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3216 Rogers Ave Walnut Creek, CA 2
    • 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
    •  
  • 132 Calle Nogales Walnut Creek, CA 3
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1962
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.31
    •  
PROPERTY LISTING DETAILS
Mark Lederer
Red Oak Realty
BESbswy