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561 Palo Alto Place Pleasant Hill, CA 94523

3 Beds 3 Baths 1,686 sqft Built 1984

$699,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $414.59
  • 4 Days on Market
  • MLS # : CC40928969
  • Updated Date : 11/14/2020 at 17:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,686 sqft
  • Baths : 2 full , 1 half
Listing Agent

Abio Properties

Listing Agent's Description

Fabulous Fixer Opportunity in Pleasant Hill! Bring your contractor, your dreams, & your hammer to restore the shine to this fantastic home! Tesla Solar Panels, soaring vaulted ceilings, huge kitchen with beautiful cabinets and adjacent dining area, convenient downstairs guest 1/2 bath, and private backyard with wonderful playhouse are all waiting for your personal touches. Perfect for an Investor or a Buyer looking to purchase below market and make their own improvements. See more at www.561PaloAlto.com Note: There is significant deferred maintenance. You must read disclosure package on website BEFORE asking your Realtor to get you an appt. to see in person.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94523

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1015k

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

Zip Code: 94523

ZipNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000Rent in $16323193

* 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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$2,579
Property Tax -$765
Property Insurance -$68
Property Management Fees -$157
CASH FLOW
-$368

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.

$699,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.46%

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 4.60%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$34,801

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
  • $2,993

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$2,7004$2,8955$3,400
$3,400
RENT COMPS ANALYSIS
  • 561 Palo Alto Place Pleasant Hill, CA 1
    • 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 402 Camelback Road Pleasant Hill, CA 2
    • 3 beds 3 baths ∙ 1,583 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,583 Sqft ∙ Built 1981
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.67
    •  
  • 406 Ridgeview Dr Pleasant Hill, CA 3
    • 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 1972
    property image
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.79
    •  
  • 314 Scottsdale Rd. Pleasant Hill, CA 4
    • 3 beds 3 baths ∙ 1,583 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,583 Sqft ∙ Built 1981
    property image
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.83
    •  
  • 85 Terra Ln Pacheco, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Mariah Bradford
Abio Properties
BESbswy