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533 Masefield Drive Pleasant Hill, CA 94523

4 Beds 2 Baths 1,791 sqft Built 1948

INVESTimate

$899,900

List Price

$3,650

$3,400 - $3,900

Rent Est.

$942,285  ( +4.71%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1948
  • Price/Sqft : $502.46
  • 8 Days on Market
  • MLS # : CC40917246
  • Updated Date : 08/25/2020 at 09:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,791 sqft
  • Baths : 2 full
Listing Agent

Windermere Diablo Realty

Listing Agent's Description

Welcome Home to Sought After Poet's Corner. 4 Bedroom 2 Full Baths SINGLE STORY on Huge Lot with Room to expand. Spacious Living Area with Vaulted Ceilings, Cozy Brick Fireplace, Dual Pane Windows, Recessed Lighting, Newer Baseboards & Some Crown Molding, New Laminate Flooring throughout. Updated Kitchen with Corian Counter Tops, Gas Cooktop & Built in Oven. Central Heat & Air Conditioning. RV Side yard Access & Detached Workshop. Canal Water Available. MATTERPORT: https://my.matterport.com/show/?m=P9sTduzYkMS&mls=1

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Poets Corner

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Poets Corner

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
Pleasant Hill Elementary School Primary Regular 702 27 7
Pleasant Hill Middle School Middle Regular 972 39 6
College Park High School High Regular 2,022 81 9

Pleasant Hill Elementary School

  • Education Level: Primary
  • # of students: 702
  • # of teachers: 27
7
GreatSchools Rating

Pleasant Hill Middle School

  • Education Level: Middle
  • # of students: 972
  • # of teachers: 39
6
GreatSchools Rating

College Park High School

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

$809,910$989,890$899,900

PURCHASE PRICE

$3,285$4,015$3,650

RENT

DOWN PAYMENT
FINANCING

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-$15k-$10k-$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$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,650
EXPENSES Loan Payment -$3,320
Property Tax -$950
Property Insurance -$70
Property Management Fees -$179
CASH FLOW
-$869

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.

$899,900

PROJECTED PRICE

$3,650

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 4.71%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$244,224

INVESTMENT

$244,224

Down Payment
$224,975
Rehab Estimate
$5,750
Closing Costs
$13,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,320

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,975
Loan Amount $674,925
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$14,388

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,650

    LIST RENT
  • $2.04

    LIST RENT PER SQFT
  • $3,949

    COMP ESTIMATED VALUE
  • $2.21

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,6503$3,750
$3,750
RENT COMPS ANALYSIS
  • 533 Masefield Drive Pleasant Hill, 2
    • 4 beds 2 baths ∙ 1,791 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,791 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $2.04
    •  
  • 9 Del Rio Ct Lafayette, 1
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1963
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.10
    •  
  • 132 Calle Nogales Walnut Creek, 3
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1962
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $2.31
    •  
PROPERTY LISTING DETAILS
Lupe Kemper
Windermere Diablo Realty
BESbswy