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4032 Granada Drive Pittsburg, CA 94565

3 Beds 3 Baths 1,686 sqft Built 1968

$507,900

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $301.25
  • 3 Days on Market
  • MLS # : EB40931150
  • Updated Date : 12/05/2020 at 12:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,686 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Drysdale Properties

Listing Agent's Description

Exquisite well-maintained Highland Meadow home. Along with Pride of ownership move-in ready home. Featuring 3 Bed 2.5 bath Single story dwelling. 1686 Sq.Ft. Living space with 2 Car garage. Separate Living Room and Family Room with working Gas Fireplace. Laundry Room with 1/2 bath too!. Galley Kitchen with custom cabinets, tile countertops, Electric cooktop/built in oven. Newer HVAC, Berber carpet and paint. Built in Vacuum System, Dual Pane windows throughout. RV side yard/access. Situated on 7200 Sq.Ft. Lot (.17 acre) Beautifully maintained low maintenance front yard with the entertainers delight rear yard. Easy access to HWY 4, just minutes to Bart (transportation), shopping, Schools, parks. Near the Delta Waterways for the outdoor enthusiast. 1 Hr. to SF and Sacramento. View of foothills. THIS HOME IS WAITING FOR YOU!!

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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
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
 

$457,110$558,690$507,900

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,874
Property Tax -$592
Property Insurance -$68
Property Management Fees -$149
CASH FLOW
-$313

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.

$507,900

PROJECTED PRICE

$2,370

PROJECTED RENT

0.47%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,344

INVESTMENT

$140,344

Down Payment
$126,975
Rehab Estimate
$5,750
Closing Costs
$7,619

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $126,975
Loan Amount $380,925
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$23,578

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
  • $2,383

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,2004$2,795
$2,795
RENT COMPS ANALYSIS
  • 4032 Granada Drive Pittsburg, CA 1
    • 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 1968 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 1968
    property image
    • 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
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.48
    •  
  • 2206 Westgate Dr Pittsburg, CA 3
    • 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 1980
    property image
    LEASED 07/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.36
    •  
  • 23 Barrie Ct Pittsburg, CA 4
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1961 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1961
    property image
    LEASED 10/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.40
    •  
PROPERTY LISTING DETAILS
Elizabeth Mahoney
Bhhs Drysdale Properties
BESbswy