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7011 Corte Del Mar Pleasanton, CA 94566

4 Beds 3 Baths 2,518 sqft Built 1985

$1,435,000

List Price

$4,270

$4K - $4.5K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $569.90
  • 3 Days on Market
  • MLS # : BE40934469
  • Updated Date : 01/15/2021 at 21:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,518 sqft
  • Baths : 3 full
Listing Agent

Re/max Accord

Listing Agent's Description

An Updated and Expanded Stanton Model. 4 bedrooms plus a bonus room with a Formal Living Room, Formal Dining Room and Family Room. 1 Bedroom and Full Bathroom located downstairs. All bathrooms have been updated. The kitchen has been updated and has an expanded dining area. Home has been freshly painted and the "popcorn" ceilings have been removed. All new carpet has been installed. Sellers had can lighting installed and other light fixtures have been updated throughout the home. Newer dual pane windows. Large backyard with 2 tool sheds.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ponderosa

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $273k1296k

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

Neighborhood: Ponderosa

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714013

* 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
Walnut Grove Elementary School Primary Regular 724 27 9
Harvest Park Middle School Middle Regular 1,169 44 9
Amador Valley High School High Regular 2,612 100 9

Walnut Grove Elementary School

  • Education Level: Primary
  • # of students: 724
  • # of teachers: 27
9
GreatSchools Rating

Harvest Park Middle School

  • Education Level: Middle
  • # of students: 1,169
  • # of teachers: 44
9
GreatSchools Rating

Amador Valley High School

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

$1,291,500$1,578,500$1,435,000

PURCHASE PRICE

$3,843$4,697$4,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,270
EXPENSES Loan Payment -$4,984
Property Tax -$1,384
Property Insurance -$88
Property Management Fees -$209
CASH FLOW
-$2,395

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.

$1,435,000

PROJECTED PRICE

$4,270

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.8%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$386,025

INVESTMENT

$386,025

Down Payment
$358,750
Rehab Estimate
$5,750
Closing Costs
$21,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,984

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $358,750
Loan Amount $1,076,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$120

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,270

    LIST RENT
  • $1.7

    LIST RENT PER SQFT
  • $4,432

    COMP ESTIMATED VALUE
  • $1.76

    COMP AVG. RENT PER SQFT
Comps Range
$4,270
1$4,2702$4,5003$4,500
$4,500
RENT COMPS ANALYSIS
  • 7011 Corte Del Mar Pleasanton, CA 1
    • 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $4,270
    • $1.70
    •  
  • 7961 Spyglass Pleasanton, CA 2
    • 3 beds 3 baths ∙ 2,523 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,523 Sqft ∙ Built 1991
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.78
    •  
  • 1344 Oak Vista Way Pleasanton, CA 3
    • 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2003
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.74
    •  
PROPERTY LISTING DETAILS
John Rocha
Re/max Accord
BESbswy