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386 Turnstone Cir Pittsburg, CA 94565

4 Beds 3 Baths 2,031 sqft Built 2005

$528,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $259.97
  • 5 Days on Market
  • MLS # : BE40926847
  • Updated Date : 10/30/2020 at 12:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,031 sqft
  • Baths : 3 full
Listing Agent

Redfin

Listing Agent's Description

Beautiful home, meticulously maintained and pristinely kept. Check out the open and spacious floor plan, complete with plenty of natural light, a gourmet kitchen with newer appliances and eat in option. Laminate flooring flows through the lower level, and once upstairs enjoy the bright, wonderful arrangement of the loft and bedrooms. Plenty of room for all to enjoy, including a large primary bedroom and equally appealing primary bathroom. The patio is great for relaxing in, and the home is close to shopping and transportation. Don't miss this one. Welcome Home.

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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
 

$475,200$580,800$528,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$1,948
Property Tax -$603
Property Insurance -$76
HOA -$230
Property Management Fees -$149
CASH FLOW
-$246

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.

$528,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.52%

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$500k$1.0M$1.5M$2.0M

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$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$145,670

INVESTMENT

$145,670

Down Payment
$132,000
Rehab Estimate
$5,750
Closing Costs
$7,920

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,000
Loan Amount $396,000
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$28,823

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $2,925

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,7603$2,8954$2,900
$2,900
RENT COMPS ANALYSIS
  • 386 Turnstone Cir Pittsburg, CA 2
    • 4 beds 3 baths ∙ 2,031 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,031 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $1.36
    •  
  • 193 Sandpiper Dr Pittsburg, CA 1
    • 3 beds 3 baths ∙ 1,919 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,919 Sqft ∙ Built 1991
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.33
    •  
  • 241 Jupiter Ct Pittsburg, CA 3
    • 5 beds 3 baths ∙ 2,031 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,031 Sqft ∙ Built 2008
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.43
    •  
  • 1828 Chaparral Dr Pittsburg, CA 4
    • 4 beds 2 baths ∙ 1,859 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,859 Sqft ∙ Built 2000
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.56
    •  
PROPERTY LISTING DETAILS
Amin Arikat
Redfin
BESbswy