Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

233 Rolfe Drive Pittsburg, CA 94565

3 Beds 2 Baths 1,252 sqft Built 1990

INVESTimate

$435,000

List Price

$2,040

$1,836 - $2,244

Rent Est.

$484,068  ( +11.28%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $347.44
  • 2 Days on Market
  • MLS # : MR40918170
  • Updated Date : 08/25/2020 at 17:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,252 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway

Listing Agent's Description

Nice River Run Gated Community! Single Story 3bd/2ba w/Fireplace, Formal Dining & Breakfast Nook, Granite Slab Counters, Microwave, Central Heat & Air. Has Fireplace in the Living Room; Vaulted ceilings at L/R, D/R, Brkfast Nook, Master Bedrm; Tile Floors at Entry Hall, L/R, D/R, Brkfast Nook, Kitchen & Baths. Brand New Master Bathroom; New Carpet @ 1 bdrm and Master & 3rd Bdrm w/Bamboo floors. Easy Access to Hi-Way 4; Few minutes to BART station, Schools, Community Parks nearby and the Marina.

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
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
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,836$2,244$2,040

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,605
Property Tax -$512
Property Insurance -$57
HOA -$78
Property Management Fees -$149
CASH FLOW
-$361

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.

$435,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.47%

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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$13,686

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
  • $2,053

    COMP ESTIMATED VALUE
  • $1.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,600
$2,600
RENT COMPS ANALYSIS
  • 233 Rolfe Drive Pittsburg, 1
    • 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2220 Golf Club Rd Pittsburg, 2
    • 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
    •  
  • 24 Kingswood Dr Pittsburg, 3
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1976
    LEASED 04/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.68
    •  
PROPERTY LISTING DETAILS
Resty Castro
Berkshire Hathaway
BESbswy