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7349 Joshua Cir Pleasanton, CA 94588

3 Beds 3 Baths 1,667 sqft Built 1986

INVESTimate

$998,000

List Price

$3,440

$3,190 - $3,690

Rent Est.

$1,082,032  ( +8.42%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $598.68
  • 6 Days on Market
  • MLS # : BE40917710
  • Updated Date : 08/25/2020 at 19:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,667 sqft
  • Baths : 2 full , 1 half
Listing Agent

Elation Real Estate

Listing Agent's Description

Beautiful and tastefully updated Muirwood Meadows home with an open and bright floor plan perfect for entertaining friends and family alike. The kitchen overlooks the cozy family room and features granite counters, stainless appliances, tile floors, custom backsplash, an island with seating and more. The spacious master bedroom suite includes a large walk in closet and a luxurious master bathroom with custom tile shower enclosure and jacuzzi soaking tub. Lushly landscaped backyard with fountain and putting green. The convenient location is within walking distance to Foothill High School and provides commuters quick access to BART and highways 580&680.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94588

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $273k1180k

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

Zip Code: 94588

ZipNIR 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
Lydiksen Elementary School Primary Regular 679 28 9
Thomas S. Hart Middle School Middle Regular 1,164 46 9
Foothill High School High Regular 2,127 82 9

Lydiksen Elementary School

  • Education Level: Primary
  • # of students: 679
  • # of teachers: 28
9
GreatSchools Rating

Thomas S. Hart Middle School

  • Education Level: Middle
  • # of students: 1,164
  • # of teachers: 46
9
GreatSchools Rating

Foothill High School

  • Education Level: High
  • # of students: 2,127
  • # of teachers: 82
9
GreatSchools Rating
 

$898,200$1,097,800$998,000

PURCHASE PRICE

$3,096$3,784$3,440

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$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,440
EXPENSES Loan Payment -$3,682
Property Tax -$970
Property Insurance -$67
Property Management Fees -$169
CASH FLOW
-$1,448

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.

$998,000

PROJECTED PRICE

$3,440

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.42%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,220

INVESTMENT

$270,220

Down Payment
$249,500
Rehab Estimate
$5,750
Closing Costs
$14,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,682

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,500
Loan Amount $748,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$1,041

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,440

    LIST RENT
  • $2.06

    LIST RENT PER SQFT
  • $3,659

    COMP ESTIMATED VALUE
  • $2.2

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,4403$3,4954$3,9005$4,550
$4,550
RENT COMPS ANALYSIS
  • 7349 Joshua Cir Pleasanton, 2
    • 3 beds 3 baths ∙ 1,667 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,667 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $3,440
    • $2.06
    •  
  • 6241 Robin Ct Pleasanton, 1
    • 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 1969
    LEASED 02/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.06
    •  
  • 3422 Isle Royal Ct Pleasanton, 3
    • 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 1971
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.14
    •  
  • 3503 Kings Canyon Ct Pleasanton, 4
    • 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 1971
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.24
    •  
  • 7208 Tulipwood Cir Pleasanton, 5
    • 4 beds 3 baths ∙ 1,948 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,948 Sqft ∙ Built 1968
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,550
    • $2.34
    •  
PROPERTY LISTING DETAILS
Gina Piper
Elation Real Estate
BESbswy