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2211 Zennia Ct Pittsburg, CA 94565

3 Beds 2 Baths 1,610 sqft Built 1984

INVESTimate

$535,000

List Price

$2,380

$2,142 - $2,618

Rent Est.

$595,348  ( +11.28%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $332.30
  • 3 Days on Market
  • MLS # : CC40916621
  • Updated Date : 08/25/2020 at 16:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,610 sqft
  • Baths : 2 full
Listing Agent

Windermere Diablo Realty

Listing Agent's Description

This is the perfect house for those that are commuting. Prime court location with a close distance to Pittsburg Bart Station, Highway 4, and stores. It is also next to a park, many fruit trees in backyard.

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PRICE & RENT TRENDS

Zip Code: 94565

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $184k1015k

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

Zip Code: 94565

ZipNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $12273193

* 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
Los Medanos Elementary School Primary Regular 747 30 6
Rancho Medanos Junior High School Middle Regular 873 45 3
Pittsburg High School High Regular 3,061 128 4

Los Medanos Elementary School

  • Education Level: Primary
  • # of students: 747
  • # of teachers: 30
6
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
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,974
Property Tax -$611
Property Insurance -$66
Property Management Fees -$149
CASH FLOW
-$420

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.

$535,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.28%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$17,212

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
  • $2,544

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,3004$2,6005$2,800
$2,800
RENT COMPS ANALYSIS
  • 2211 Zennia Ct Pittsburg, 1
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3689 Enea Dr Pittsburg, 2
    • 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, 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
    •  
  • 109 Salinas Ct Pittsburg, 4
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2000
    LEASED 01/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.60
    •  
  • 1005 Cape May Drive Pittsburg, 5
    • 4 beds 3 baths ∙ 1,865 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,865 Sqft ∙ Built 2001
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.50
    •  
PROPERTY LISTING DETAILS
Alexander Fuentes
Windermere Diablo Realty
BESbswy