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226 Warren Way Pittsburg, CA 94565

3 Beds 1 Baths 964 sqft Built 1953

INVESTimate

$400,000

List Price

$2,000

$1,800 - $2,200

Rent Est.

$445,120  ( +11.28%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1953
  • Price/Sqft : $414.94
  • 3 Days on Market
  • MLS # : EB40917138
  • Updated Date : 08/24/2020 at 03:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 964 sqft
  • Baths : 1 full
Listing Agent

Skaggs Realty Group

Listing Agent's Description

Beautifully maintained 3 Bedroom 1 Bath. Upgrades through out! Trendy laminate driftwood flooring, with spacious living room. Three good size bedrooms with premium carpet. Lots of natural lighting into the kitchen. HUGE front yard. Fresh grass just installed with automatic sprinklers. All trim/gutters freshly painted. Attached garage. Lots of space in backyard to enjoy. Bonus side yard. Close to freeways, schools, parks, restaurants, and BART. Lots of charm & super clean! Perfect for first time buyer or investor.

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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
Parkside Elementary School Primary Regular 682 28 3
Martin Luther King Junior Middle School Middle Unknown NA
Pittsburg High School High Regular 3,061 128 4

Parkside Elementary School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 28
3
GreatSchools Rating

Martin Luther King Junior Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Pittsburg High School

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

$360,000$440,000$400,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,476
Property Tax -$457
Property Insurance -$50
Property Management Fees -$149
CASH FLOW
-$132

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.

$400,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.50%

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$32,134

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
  • $2,159

    COMP ESTIMATED VALUE
  • $2.24

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,900
$2,900
RENT COMPS ANALYSIS
  • 226 Warren Way Pittsburg, 1
    • 3 beds 1 baths ∙ 964 Sqft ∙ Built 1953 3 beds 1 baths ∙ 964 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 305 W 13th St Pittsburg, 2
    • 3 beds 1 baths ∙ 1,110 Sqft ∙ Built 1965 3 beds 1 baths ∙ 1,110 Sqft ∙ Built 1965
    LEASED 03/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.98
    •  
  • 200 Calistoga Dr Pittsburg, 3
    • 4 beds 2 baths ∙ 1,158 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,158 Sqft ∙ Built 1956
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.50
    •  
PROPERTY LISTING DETAILS
Vincent Skaggs
Skaggs Realty Group
BESbswy