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3989 Alta Vista Circle Pittsburg, CA 94565

3 Beds 2 Baths 1,593 sqft Built 1985

$300,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $188.32
  • 5 Days on Market
  • MLS # : MR40927556
  • Updated Date : 11/02/2020 at 08:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,593 sqft
  • Baths : 2 full
Listing Agent

Princeton Pacific Properties

Listing Agent's Description

UNBELIEVABLE! Contractors/Investors/Handy people! Best value in all of Contra Costa! This home is not habitable BUT, priced for immediate sale. Mold, hoarder type home, in a fantastic neighborhood! These never come up and when they do, they go quickly. Run, don't walk to see your next renovation!

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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
Heights Elementary School Primary Regular 638 26 3
Hillview Junior High School Middle Regular 874 37 3
Pittsburg High School High Regular 3,061 128 4

Heights Elementary School

  • Education Level: Primary
  • # of students: 638
  • # of teachers: 26
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
 

$270,000$330,000$300,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,107
Property Tax -$350
Property Insurance -$66
Property Management Fees -$149
CASH FLOW
$709

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.

$300,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.79%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

16.92

YEARS SAVED

$98,120

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $2,509

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,3004$2,3805$2,600
$2,600
RENT COMPS ANALYSIS
  • 3989 Alta Vista Circle Pittsburg, CA 4
    • 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.49
    •  
  • 4337 Palo Verde Dr Pittsburg, CA 1
    • 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 2
    • 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
    •  
  • 2220 Golf Club Rd Pittsburg, CA 3
    • 3 beds 3 baths ∙ 1,438 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,438 Sqft ∙ Built 1993
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.60
    •  
  • 109 Salinas Ct Pittsburg, CA 5
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2000
    property image
    LEASED 01/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.60
    •  
PROPERTY LISTING DETAILS
Michael Young
Princeton Pacific Properties
BESbswy