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3216 Pierce Ct Antioch, CA 94509

4 Beds 3 Baths 2,128 sqft Built 1980

$615,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $289.00
  • 7 Days on Market
  • MLS # : EB40928677
  • Updated Date : 11/13/2020 at 15:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,128 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams

Listing Agent's Description

Welcome home to his completely remodeled home with modern touches throughout!� Nothing has been untouched.� Brand new windows and coverings.� Gorgeous wood floors, updated kitchen with SS appliances and views into the huge 1/2+ acre backyard!� Speaking of views...go upstairs and look out your bedroom window to million dollar views all the way to the Delta!� Enjoy a relaxing fire in the spacious family room.� Indoor laundry.� Situated at the back of a court with extra parking for guests!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94509

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $190k1015k

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

Zip Code: 94509

ZipNIR Market*CityMarket2010Year20012019 Q21200140016001800200022002400260028003000Rent in $11393193

* 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
Sutter Elementary School Primary Regular 631 23 3
Park Middle School Middle Regular 997 41 3
Antioch High School High Regular 1,774 76 3

Sutter Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 23
3
GreatSchools Rating

Park Middle School

  • Education Level: Middle
  • # of students: 997
  • # of teachers: 41
3
GreatSchools Rating

Antioch High School

  • Education Level: High
  • # of students: 1,774
  • # of teachers: 76
3
GreatSchools Rating
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$2,269
Property Tax -$673
Property Insurance -$78
Property Management Fees -$149
CASH FLOW
-$669

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.

$615,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.4%
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-$10k-$5.0k$0.0$5.0k$10k$15k

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$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,714

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
  • $2,623

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3503$2,4254$2,5005$2,695
$2,695
RENT COMPS ANALYSIS
  • 3216 Pierce Ct Antioch, CA 1
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2925 Camby Rd Antioch, CA 2
    • 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1975
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.32
    •  
  • 4103 Castle Canyon Ct Antioch, CA 3
    • 3 beds 3 baths ∙ 1,997 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,997 Sqft ∙ Built 2000
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $1.21
    •  
  • 4012 Rocky Point Dr Antioch, CA 4
    • 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 1986
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.31
    •  
  • 4937 Cougar Peak Ct Antioch, CA 5
    • 5 beds 3 baths ∙ 2,465 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,465 Sqft ∙ Built 1995
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.09
    •  
PROPERTY LISTING DETAILS
Laura Nelson
Keller Williams
BESbswy