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

238 Bruno Avenue Pittsburg, CA 94565

3 Beds 1 Baths 1,202 sqft Built 1955

$415,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $345.26
  • 3 Days on Market
  • MLS # : CC40934406
  • Updated Date : 01/15/2021 at 11:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,202 sqft
  • Baths : 1 full
Listing Agent

Property Upsurge, Inc.

Listing Agent's Description

You will love this 1202 sq ft, 3 bedroom, 1 bathroom single family home which sits on a 5000 Sq Ft lot in Pittsburg! The home features updated counter tops and stainless steel appliances in the kitchen, updated features in the bathroom, and new flooring and paint throughout. Includes a manicured front yard and a fenced in backyard. Close to schools, shopping, and freeway access.

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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,441
Property Tax -$474
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
-$181

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.

$415,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.3%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$22,501

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $1.61

    LIST RENT PER SQFT
  • $1,751

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,9403$2,7004$2,900
$2,900
RENT COMPS ANALYSIS
  • 238 Bruno Avenue Pittsburg, CA 2
    • 3 beds 1 baths ∙ 1,202 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,202 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $1.61
    •  
  • 3 Orinda Circle Pittsburg, CA 1
    • 3 beds 2 baths ∙ 1,349 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,349 Sqft ∙ Built 1975
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.04
    •  
  • 4283 Hillview Dr Pittsburg, CA 3
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1963
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.87
    •  
  • 200 Calistoga Dr Pittsburg, CA 4
    • 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
Eric Huber
Property Upsurge, Inc.
BESbswy