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1885 Hanlon Way Pittsburg, CA 94565

4 Beds 2 Baths 1,340 sqft Built 1973

$419,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $312.69
  • 6 Days on Market
  • MLS # : CC40927189
  • Updated Date : 11/02/2020 at 08:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,340 sqft
  • Baths : 1 full , 1 half
Listing Agent

Elevate Real Estate

Listing Agent's Description

Welcome home to your new home at 1885 Hanlon Way! This 4 bedroom 1.5 bath home boasts beautiful custom touches throughout like the copper pipe towel racks, handmade wooden countertops in the bathrooms to the handmade cabinets in the amazingly huge kitchen with plenty of counter space. Aside from the cosmetic touches, you have energy saving features like Solar and a newer HVAC system. The home also has a Reverse osmosis system, and water softener. You'll love the freshly laid sod in the backyard and all your fruit trees which include a meyers lemon tree. The lot has RV/ boat access, gorgeous palm trees and a large front yard. Close to shops, restaurants, freeways and Willow cove elementary school is literally across the street.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Willow Cove

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $184k1015k

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

Neighborhood: Willow Cove

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21200140016001800200022002400260028003000Rent in $11443193

* 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
Willow Cove Elementary School Primary Regular 684 31 2
Rancho Medanos Junior High School Middle Regular 873 45 3
Pittsburg High School High Regular 3,061 128 4

Willow Cove Elementary School

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 31
2
GreatSchools Rating

Rancho Medanos Junior High School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 45
3
GreatSchools Rating

Pittsburg High School

  • Education Level: High
  • # of students: 3,061
  • # of teachers: 128
4
GreatSchools Rating
 

$377,100$460,900$419,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,546
Property Tax -$489
Property Insurance -$60
Property Management Fees -$149
CASH FLOW
$27

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.

$419,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.3%
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$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$52,110

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $1.69

    LIST RENT PER SQFT
  • $2,157

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2703$2,300
$2,300
RENT COMPS ANALYSIS
  • 1885 Hanlon Way Pittsburg, CA 2
    • 4 beds 2 baths ∙ 1,340 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,340 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $1.69
    •  
  • 3689 Enea Dr Pittsburg, CA 1
    • 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1968
    LEASED 07/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.62
    •  
  • 2220 Golf Club Rd Pittsburg, CA 3
    • 3 beds 3 baths ∙ 1,438 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,438 Sqft ∙ Built 1993
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.60
    •  
PROPERTY LISTING DETAILS
Khristian Avelar
Elevate Real Estate
BESbswy