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5 Encina Pl Pittsburg, CA 94595

4 Beds 2 Baths 1,698 sqft Built 1976

$524,888

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $309.12
  • 2 Days on Market
  • MLS # : CC40930060
  • Updated Date : 11/21/2020 at 15:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,698 sqft
  • Baths : 2 full
Listing Agent

Windermere Rowland Realty

Listing Agent's Description

This eye catching single story 4 Bedroom 2 bath 1698 sq ft home sits on a 8960 sq ft lot in a quiet court and has tons of curb appeal. It features new paint throughout as well as updates in the bedrooms, bathrooms & the kitchen. This property has a great floor plan that benefits from tons of natural light as well as an eat in kitchen and a family room with a cozy fireplace. The 4 car driveway and the space for RV parking are definitely just a plus after seeing the spacious backyard where the potential for entertaining family and friends is endless. This property is only missing one thing & thats you..

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Heights - West Boulevard

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $186k1015k

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

Neighborhood: Heights - West Boulevard

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21200140016001800200022002400260028003000Rent in $11463193

* 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
 

$472,399$577,377$524,888

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$1,937
Property Tax -$612
Property Insurance -$68
Property Management Fees -$149
CASH FLOW
-$76

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.

$524,888

PROJECTED PRICE

$2,690

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.8%
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$2.5M

PROJECTED ANNUAL CASH FLOW

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

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$144,845

INVESTMENT

$144,845

Down Payment
$131,222
Rehab Estimate
$5,750
Closing Costs
$7,873

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,222
Loan Amount $393,666
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$49,619

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
  • $2,882

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,3004$2,3005$2,700
$2,700
RENT COMPS ANALYSIS
  • 5 Encina Pl Pittsburg, CA 1
    • 4 beds 2 baths ∙ 1,698 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,698 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3689 Enea Dr Pittsburg, CA 2
    • 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1968
    LEASED 07/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.62
    •  
  • 1030 Jensen Cir Pittsburg, CA 3
    • 3 beds 2 baths ∙ 1,351 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,351 Sqft ∙ Built 1971
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.70
    •  
  • 2220 Golf Club Rd Pittsburg, CA 4
    • 3 beds 3 baths ∙ 1,438 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,438 Sqft ∙ Built 1993
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.60
    •  
  • 4283 Hillview Dr Pittsburg, CA 5
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1963
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.87
    •  
PROPERTY LISTING DETAILS
Akel Hillany
Windermere Rowland Realty
BESbswy