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3825 Harbor St Pittsburg, CA 94565

3 Beds 2 Baths 1,370 sqft Built 1965

$480,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1965
  • Price/Sqft : $350.36
  • 6 Days on Market
  • MLS # : EB40927323
  • Updated Date : 10/30/2020 at 10:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,370 sqft
  • Baths : 2 full
Listing Agent

Bhg Real Estate Royal & Assoc.

Listing Agent's Description

Come see this perfectly situated single story home with fully fenced front and back yard. Check out the one of a kind spacious remodeled kitchen with separate breakfast bar. This location is just minutes away from shopping, schools, parks, Bart and Highway 4 access. Enjoy the roomy two car garage plus extra RV parking. Relax in the backyard on the inviting deck with overhang. For your convenience the seller has included the Washer, Dryer and Refrigerator.

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
Highlands Elementary School Primary Regular 555 22 3
Hillview Junior High School Middle Regular 874 37 3
Pittsburg High School High Regular 3,061 128 4

Highlands Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 22
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
 

$432,000$528,000$480,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,771
Property Tax -$560
Property Insurance -$60
Property Management Fees -$149
CASH FLOW
-$380

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.

$480,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.45%

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

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$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$16,131

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $1.58

    LIST RENT PER SQFT
  • $2,155

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1003$2,1604$2,200
$2,200
RENT COMPS ANALYSIS
  • 3825 Harbor St Pittsburg, CA 3
    • 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.58
    •  
  • 4404 Reimche Dr Antioch, CA 1
    • 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1965
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.62
    •  
  • 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
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.48
    •  
  • 3689 Enea Dr Pittsburg, CA 4
    • 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1968
    property image
    LEASED 07/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.62
    •  
PROPERTY LISTING DETAILS
Bernie Lachney
Bhg Real Estate Royal & Assoc.
BESbswy