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505 Tannet Ct Pleasanton, CA 94566

4 Beds 2 Baths 1,699 sqft Built 1973

$1,179,000

List Price

$3,530

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $693.94
  • 3 Days on Market
  • MLS # : BE40928422
  • Updated Date : 11/07/2020 at 11:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,699 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Tri-valley

Listing Agent's Description

Welcome Home!! This gorgeous & charming North facing, corner lot is located in the lovely community of Vintage Hills. This 4 bed, 2 bath, 2 car garage, 1699 square foot fully upgraded home offers wood flooring, brand new paint, new carpet, dual pane windows, recessed lighting & much more. The stunning & gourmet kitchen offers upgraded granite countertops, upgraded cabinets, a new microwave, new dishwasher & a window view of the beautiful backyard. Separate living room and formal dining room enhances the beauty of this home. The roomy master bedroom, with upgraded bath & two large closets, has two elegant french doors that lead you to the backyard into a shaded area in the rear patio. A spacious backyard, with gorgeous pavers and landscaping, for you to relax & make you the best host for gatherings with your friends & family during the California summers & a fireplace to enjoy cozy winters. TOP RATED SCHOOLS. Easy access to shopping, 680/580 & a train station. Don't miss out GO & SEE!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vintage Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $273k1180k

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

Neighborhood: Vintage Hills

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16713983

* 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
Vintage Hills Elementary School Primary Regular 628 24 10
Pleasanton Middle School Middle Regular 1,258 50 8
Amador Valley High School High Regular 2,612 100 9

Vintage Hills Elementary School

  • Education Level: Primary
  • # of students: 628
  • # of teachers: 24
10
GreatSchools Rating

Pleasanton Middle School

  • Education Level: Middle
  • # of students: 1,258
  • # of teachers: 50
8
GreatSchools Rating

Amador Valley High School

  • Education Level: High
  • # of students: 2,612
  • # of teachers: 100
9
GreatSchools Rating
 

$1,061,100$1,296,900$1,179,000

PURCHASE PRICE

$3,177$3,883$3,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,530
EXPENSES Loan Payment -$4,350
Property Tax -$1,148
Property Insurance -$68
Property Management Fees -$173
CASH FLOW
-$2,209

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.

$1,179,000

PROJECTED PRICE

$3,530

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.8%
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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$318,185

INVESTMENT

$318,185

Down Payment
$294,750
Rehab Estimate
$5,750
Closing Costs
$17,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,350

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $294,750
Loan Amount $884,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$84

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,530

    LIST RENT
  • $2.08

    LIST RENT PER SQFT
  • $3,538

    COMP ESTIMATED VALUE
  • $2.08

    COMP AVG. RENT PER SQFT
Comps Range
$3,395
1$3,3952$3,3953$3,4954$3,5305$3,950
$3,950
RENT COMPS ANALYSIS
  • 505 Tannet Ct Pleasanton, CA 4
    • 4 beds 2 baths ∙ 1,699 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,699 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,530
    • $2.08
    •  
  • 3011 Badger Dr Pleasanton, CA 1
    • 4 beds 3 baths ∙ 1,610 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,610 Sqft ∙ Built 1989
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $2.11
    •  
  • 4232 Garibaldi Pl Pleasanton, CA 2
    • 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 1991
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $2.02
    •  
  • 4152 School St Pleasanton, CA 3
    • 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1957
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.21
    •  
  • 1188 Kottinger Dr Pleasanton, CA 5
    • 4 beds 3 baths ∙ 1,989 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,989 Sqft ∙ Built 1968
    property image
    LEASED 06/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.99
    •  
PROPERTY LISTING DETAILS
Alka Robby Bedi
Keller Williams Tri-valley
BESbswy