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217 Netherby Pl Pleasant Hill, CA 94523

4 Beds 2 Baths 2,135 sqft Built 1988

INVESTimate

$1,075,000

List Price

$3,870

$3,620 - $4,120

Rent Est.

$1,147,885  ( +6.78%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $503.51
  • 3 Days on Market
  • MLS # : CC40917556
  • Updated Date : 08/25/2020 at 11:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,135 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

This updated and meticulously maintained home is an entertainer's delight located in the private Madeira Heights community . The home features 4 bedrooms and 2 baths, formal living area w/fireplace; a fabulous remodeled kitchen which opens to the family room with hardwood floors and fireplace and overlooks the wonderful outdoor space. The primary bedroom suite has a fabulous spa like bathroom w/heated floors, custom tile & lighting. The hall bath is also completely updated. There are 3 additional cozy bedrooms, one with french doors to the yard. This home has fresh paint and custom lighting throughout. The backyard includes an amazing custom salt water pool with water features, beautiful landscape with lighting and outdoor kitchen perfect for indoor/outdoor living. This home has too many upgrades and features to list!

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
Valhalla Elementary School Primary Regular 542 21 9
Valley View Middle School Middle Regular 835 38 6
College Park High School High Regular 2,022 81 9

Valhalla Elementary School

  • Education Level: Primary
  • # of students: 542
  • # of teachers: 21
9
GreatSchools Rating

Valley View Middle School

  • Education Level: Middle
  • # of students: 835
  • # of teachers: 38
6
GreatSchools Rating

College Park High School

  • Education Level: High
  • # of students: 2,022
  • # of teachers: 81
9
GreatSchools Rating
 

$967,500$1,182,500$1,075,000

PURCHASE PRICE

$3,483$4,257$3,870

RENT

DOWN PAYMENT
FINANCING

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-$30k-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,870
EXPENSES Loan Payment -$3,966
Property Tax -$1,176
Property Insurance -$79
HOA -$100
Property Management Fees -$190
CASH FLOW
-$1,640

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.

$1,075,000

PROJECTED PRICE

$3,870

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.78%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$290,625

INVESTMENT

$290,625

Down Payment
$268,750
Rehab Estimate
$5,750
Closing Costs
$16,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,966

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $268,750
Loan Amount $806,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$581

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,870

    LIST RENT
  • $1.81

    LIST RENT PER SQFT
  • $3,854

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,4003$3,7004$3,8005$3,870
$3,870
RENT COMPS ANALYSIS
  • 217 Netherby Pl Pleasant Hill, 5
    • 4 beds 2 baths ∙ 2,135 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,135 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $3,870
    • $1.81
    •  
  • 85 Terra Ln Pacheco, 1
    • 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 1994
    LEASED 05/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.81
    •  
  • 111 Alhambra Hills Dr Martinez, 2
    • 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 1977
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.86
    •  
  • Augustine Drive Martinez, 3
    • 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 1988
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.84
    •  
  • 504 Isabel Dr Martinez, 4
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 1986
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.71
    •  
PROPERTY LISTING DETAILS
Desiree Bilich
Keller Williams Realty
BESbswy