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

343 Egret Pl Pittsburg, CA 94565

3 Beds 3 Baths 1,919 sqft Built 1990

$509,000

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $265.24
  • 3 Days on Market
  • MLS # : BE40931808
  • Updated Date : 12/11/2020 at 20:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,919 sqft
  • Baths : 3 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Great Property, Great Location. Upgraded with Flooring, Counter Tops and Paint. A Must See. Located walking distance to Marina and Downtown. 5 min. drive to Bart and Freeways. Don't miss your Opportunity to become a Home Owner..

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Downtown Pittsburg

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $184k1015k

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

Neighborhood: Downtown Pittsburg

NeighborhoodNIR 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
Marina Vista Elementary School Primary Regular 682 27 4
Martin Luther King Junior Middle School Middle Unknown NA
Pittsburg High School High Regular 3,061 128 4

Marina Vista Elementary School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 27
4
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
 

$458,100$559,900$509,000

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$1,878
Property Tax -$581
Property Insurance -$73
Property Management Fees -$149
CASH FLOW
-$112

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.

$509,000

PROJECTED PRICE

$2,570

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.3%
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$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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,635

INVESTMENT

$140,635

Down Payment
$127,250
Rehab Estimate
$5,750
Closing Costs
$7,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,250
Loan Amount $381,750
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$44,261

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
  • $2,763

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,5504$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 343 Egret Pl Pittsburg, CA 1
    • 3 beds 3 baths ∙ 1,919 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,919 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 347 Jorgensen Dr Pittsburg, CA 2
    • 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1989
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.43
    •  
  • 193 Sandpiper Dr Pittsburg, CA 3
    • 3 beds 3 baths ∙ 1,919 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,919 Sqft ∙ Built 1991
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.33
    •  
  • 1005 Cape May Drive Pittsburg, CA 4
    • 4 beds 3 baths ∙ 1,865 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,865 Sqft ∙ Built 2001
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.50
    •  
  • 130 Pelican Loop Pittsburg, CA 5
    • 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 1990
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.50
    •  
PROPERTY LISTING DETAILS
Tony Martinez
Intero Real Estate Services
BESbswy