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2233 Concord Dr Pittsburg, CA 94565

3 Beds 2 Baths 1,350 sqft Built 1985

$520,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $385.19
  • 5 Days on Market
  • MLS # : CC40932162
  • Updated Date : 12/17/2020 at 13:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,350 sqft
  • Baths : 2 full
Listing Agent

Y Morgan Realty

Listing Agent's Description

Beautiful one level Seeno Home in the Pittsburg hills . Located near bart , buses and close to hwy4 . This ranch style home was built in 1985 and features vaulted ceilings three bedrooms and two full bathrooms. Formal living room and family room with wood burning fire place with mantle. Kitchen has a breakfast bar . all granite counters updated cabinets . Low maintenance yard , with patio deck and yard area . Side fence access for small car or boat. Double car garage. Nice neighborhood. Long term residence's. .

SEE MORE

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
 

$468,000$572,000$520,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,919
Property Tax -$594
Property Insurance -$60
Property Management Fees -$149
CASH FLOW
-$551

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.

$520,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.3%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$8,125

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $1.61

    LIST RENT PER SQFT
  • $2,169

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$2,170
1$2,1702$2,2003$2,3004$2,600
$2,600
RENT COMPS ANALYSIS
  • 2233 Concord Dr Pittsburg, CA 1
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $1.61
    •  
  • 3689 Enea Dr Pittsburg, CA 2
    • 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1968
    property image
    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
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.60
    •  
  • 109 Salinas Ct Pittsburg, CA 4
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2000
    property image
    LEASED 01/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.60
    •  
PROPERTY LISTING DETAILS
Yvonne Morgan
Y Morgan Realty
BESbswy