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2518 Geoffrey Ct. Pinole, CA 94564

4 Beds 3 Baths 1,691 sqft Built 1962

$625,000

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $369.60
  • 5 Days on Market
  • MLS # : CC40933417
  • Updated Date : 01/08/2021 at 22:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,691 sqft
  • Baths : 3 full
Listing Agent

Windermere Diablo Realty

Listing Agent's Description

GREAT LOCATION! Distinctive well maintained home with nearly 1,700 square feet of living space tucked away in a private court in the city of Pinole. Recessed lighting throughout living room and kitchen area. Open concept kitchen with granite countertops and skylight. The bonus room allows for a private family room, office space or fourth bedroom accommodating an abundance of space for any family. Spacious enclosed carport for additional parking space and storage. New High School, shopping centers that include Target, Trader Joes, Sprouts and more, restaurants, Kaiser Hospital and Interstate 80 only a 3 minute drive from this central Appian Way location. Don't let this impressive home pass you by!

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PRICE & RENT TRENDS

Neighborhood: Summit

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1039k

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

Neighborhood: Summit

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14543193

* 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
Stewart Elementary School Primary Regular 474 21 3
Stewart Elementary School Middle Regular 474 21 3
Pinole Valley High School High Regular 1,205 54 4

Stewart Elementary School

  • Education Level: Primary
  • # of students: 474
  • # of teachers: 21
3
GreatSchools Rating

Stewart Elementary School

  • Education Level: Middle
  • # of students: 474
  • # of teachers: 21
3
GreatSchools Rating

Pinole Valley High School

  • Education Level: High
  • # of students: 1,205
  • # of teachers: 54
4
GreatSchools Rating
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$2,171
Property Tax -$767
Property Insurance -$68
Property Management Fees -$149
CASH FLOW
-$185

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.

$625,000

PROJECTED PRICE

$2,970

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$36,317

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,970

    LIST RENT
  • $1.76

    LIST RENT PER SQFT
  • $3,073

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,9503$2,9704$3,2505$3,250
$3,250
RENT COMPS ANALYSIS
  • 2518 Geoffrey Ct. Pinole, CA 3
    • 4 beds 3 baths ∙ 1,691 Sqft ∙ Built 1962 4 beds 3 baths ∙ 1,691 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $1.76
    •  
  • 2721 Sargent Ave San Pablo, CA 1
    • 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1962
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.89
    •  
  • 4612 Meadowbrook Dr Richmond, CA 2
    • 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1961
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.81
    •  
  • 2931 Cindy Ct Richmond, CA 4
    • 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1963
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.80
    •  
  • 2053 Rosedale Dr. San Pablo, CA 5
    • 4 beds 2 baths ∙ 1,837 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,837 Sqft ∙ Built 1968
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.77
    •  
PROPERTY LISTING DETAILS
Abigail Gonzalez
Windermere Diablo Realty
BESbswy