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3908 Mount Rainier Ct Pleasanton, CA 94588

4 Beds 3 Baths 1,869 sqft Built 1970

INVESTimate

$1,250,000

List Price

$3,690

$3,440 - $3,940

Rent Est.

$1,358,750  ( +8.70%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1970
  • Price/Sqft : $668.81
  • 2 Days on Market
  • MLS # : BE40916601
  • Updated Date : 08/25/2020 at 14:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,869 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Tri-valley

Listing Agent's Description

Beautiful single family home in Pleasanton with an entertainer's dream yard plus permitted in-law unit!! Main home is 3 bedrooms & 2 bathrooms, fully updated with new hardwood floors and tons of charm! The main home welcomes you out to the backyard with a pergola, beautiful pool (with slide) and hot tub. There's side yard access for a boat or RV, a 2 car garage & the permitted in-law unit. In-law unit measures 325 Sq Ft is is completely remodeled! With a full kitchen, bathroom and stacking Washer/Dryer. Recently installed HVAC, top of the line appliances & much more!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Valley Trails

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $273k1180k

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

Neighborhood: Valley Trails

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16713863

* 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
Donlon Elementary School Primary Regular 778 30 10
Thomas S. Hart Middle School Middle Regular 1,164 46 9
Foothill High School High Regular 2,127 82 9

Donlon Elementary School

  • Education Level: Primary
  • # of students: 778
  • # of teachers: 30
10
GreatSchools Rating

Thomas S. Hart Middle School

  • Education Level: Middle
  • # of students: 1,164
  • # of teachers: 46
9
GreatSchools Rating

Foothill High School

  • Education Level: High
  • # of students: 2,127
  • # of teachers: 82
9
GreatSchools Rating
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,321$4,059$3,690

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,690
EXPENSES Loan Payment -$4,612
Property Tax -$1,214
Property Insurance -$72
Property Management Fees -$181
CASH FLOW
-$2,389

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.

$1,250,000

PROJECTED PRICE

$3,690

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.70%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$78

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,690

    LIST RENT
  • $1.97

    LIST RENT PER SQFT
  • $4,112

    COMP ESTIMATED VALUE
  • $2.2

    COMP AVG. RENT PER SQFT
Comps Range
$3,495
1$3,4952$3,6903$3,8004$3,9005$4,550
$4,550
RENT COMPS ANALYSIS
  • 3908 Mount Rainier Ct Pleasanton, 2
    • 4 beds 3 baths ∙ 1,869 Sqft ∙ Built 1970 4 beds 3 baths ∙ 1,869 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $1.97
    •  
  • 3422 Isle Royal Ct Pleasanton, 1
    • 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 1971
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.14
    •  
  • 4789 Herrin Way Pleasanton, 3
    • 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 1968
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.08
    •  
  • 3503 Kings Canyon Ct Pleasanton, 4
    • 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 1971
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.24
    •  
  • 7208 Tulipwood Cir Pleasanton, 5
    • 4 beds 3 baths ∙ 1,948 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,948 Sqft ∙ Built 1968
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,550
    • $2.34
    •  
PROPERTY LISTING DETAILS
Anthony Arsondi
Keller Williams Tri-valley
BESbswy