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3783 Meadowbrook Ave Pittsburg, CA 94565

3 Beds 2 Baths 1,386 sqft Built 1977

$474,950

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $342.68
  • 5 Days on Market
  • MLS # : ML81823984
  • Updated Date : 12/23/2020 at 21:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,386 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Prepare to be Impressed! Modern Living at it's finest. Featuring 3 spacious Bedrooms, 2 Full Bathrooms with 1386 square feet of Living Space. Freshly Painted with Neutral Colors and Gorgeous Wainscoting. Recessed Lighting Really Makes the New Laminate Floors Shine. Eye Popping Fireplace to snuggle up to. Check out this Stunning Kitchen with Tile Counters, NEW Appliances and Crown Molding. Your Guests are sure to Love these updated Bathrooms. Retreat to the Master Bedroom with New Barn Door. Inside Laundry Room for your Convenience. Central Heating and Air. All NEW Windows. For you Car Enthusiast there is a 2nd Garage/Carport to Tinker with your toys. All of this located in a Family Friendly Neighborhood. Come check it out.

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
Stoneman Elementary School Primary Regular 648 28 3
Hillview Junior High School Middle Regular 874 37 3
Pittsburg High School High Regular 3,061 128 4

Stoneman Elementary School

  • Education Level: Primary
  • # of students: 648
  • # of teachers: 28
3
GreatSchools Rating

Hillview Junior High School

  • Education Level: Middle
  • # of students: 874
  • # of teachers: 37
3
GreatSchools Rating

Pittsburg High School

  • Education Level: High
  • # of students: 3,061
  • # of teachers: 128
4
GreatSchools Rating
 

$427,455$522,445$474,950

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,752
Property Tax -$554
Property Insurance -$61
Property Management Fees -$149
CASH FLOW
-$156

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.

$474,950

PROJECTED PRICE

$2,360

PROJECTED RENT

0.50%

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$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$131,612

INVESTMENT

$131,612

Down Payment
$118,738
Rehab Estimate
$5,750
Closing Costs
$7,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,752

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,738
Loan Amount $356,213
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$36,428

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
  • $2,093

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,2004$2,300
$2,300
RENT COMPS ANALYSIS
  • 3783 Meadowbrook Ave Pittsburg, CA 1
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4337 Palo Verde Dr Pittsburg, CA 2
    • 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1972
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.48
    •  
  • 3689 Enea Dr Pittsburg, CA 3
    • 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1968
    LEASED 07/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.62
    •  
  • 347 Jorgensen Dr Pittsburg, CA 4
    • 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
    •  
PROPERTY LISTING DETAILS
Diego Herra
Keller Williams Realty
BESbswy