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418 Verbena Ct. Pleasant Hill, CA 94523

4 Beds 2 Baths 2,062 sqft Built 1988

$995,000

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $482.54
  • 4 Days on Market
  • MLS # : EB40927682
  • Updated Date : 11/02/2020 at 18:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,062 sqft
  • Baths : 2 full
Listing Agent

The Grubb Company

Listing Agent's Description

Located on a private court in Pleasant Hills Premier Valley High neighborhood, this all level 4 bdr, 2 bath updated home features gorgeous new European wide plank hardwood floors throughout. Anchored by a large center skylight you'll love the light filled flowing floor plan that offers directly accessibility from the two car garage as well as out to the sprawling level lawn area and entertaining patios off the back of this special home. Storage & space galore for today's sought after lifestyle. Easy access to trails, parks, shopping and transportation you won't want to miss this amazing opportunity! DISCLOSURES for: https://app.disclosures.io/link/418-Verbena-Court-6a00veqn

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PRICE & RENT TRENDS

Neighborhood: Valley High

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1098k

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

Neighborhood: Valley High

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
Valhalla Elementary School Primary Regular 542 21 9
Valley View Middle School Middle Regular 835 38 6
College Park High School High Regular 2,022 81 9

Valhalla Elementary School

  • Education Level: Primary
  • # of students: 542
  • # of teachers: 21
9
GreatSchools Rating

Valley View Middle School

  • Education Level: Middle
  • # of students: 835
  • # of teachers: 38
6
GreatSchools Rating

College Park High School

  • Education Level: High
  • # of students: 2,022
  • # of teachers: 81
9
GreatSchools Rating
 

$895,500$1,094,500$995,000

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$3,671
Property Tax -$1,082
Property Insurance -$77
Property Management Fees -$168
CASH FLOW
-$1,568

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.

$995,000

PROJECTED PRICE

$3,430

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$269,425

INVESTMENT

$269,425

Down Payment
$248,750
Rehab Estimate
$5,750
Closing Costs
$14,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,671

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $248,750
Loan Amount $746,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$280

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,430

    LIST RENT
  • $1.66

    LIST RENT PER SQFT
  • $3,676

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$3,150
1$3,1502$3,4003$3,4304$3,7005$3,800
$3,800
RENT COMPS ANALYSIS
  • 418 Verbena Ct. Pleasant Hill, CA 3
    • 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,430
    • $1.66
    •  
  • 4880 Shadowfalls Martinez, CA 1
    • 4 beds 3 baths ∙ 1,775 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,775 Sqft ∙ Built 1988
    property image
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.77
    •  
  • 85 Terra Ln Pacheco, CA 2
    • 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 1994
    property image
    LEASED 05/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.81
    •  
  • Augustine Drive Martinez, CA 4
    • 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 1988
    property image
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.84
    •  
  • 504 Isabel Dr Martinez, CA 5
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 1986
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.71
    •  
PROPERTY LISTING DETAILS
Jane Strauch
The Grubb Company
BESbswy