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88 Gold Crest. Ct. Pittsburg, CA 94565

4 Beds 3 Baths 2,193 sqft Built 1997

$575,000

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $262.20
  • 4 Days on Market
  • MLS # : EB40929785
  • Updated Date : 11/19/2020 at 17:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,193 sqft
  • Baths : 3 full
Listing Agent

Keller Williams

Listing Agent's Description

Great Commute Location! Open/Spacious 4-bedroom & 3-Full Baths. 1-Bd room & full bath downstairs. Kitchen has stainless steel appliances, island and laminate wood floors. Huge Owners Suite with fireplace and Juliet Balcony overlooking the living room. Formal Living/Dining room with vaulted ceilings. Nice size backyard with patio & lawn.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Heights - West Boulevard

ZipNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $184k1015k

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

Neighborhood: Heights - West Boulevard

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21200140016001800200022002400260028003000Rent in $11463193

* 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
Heights Elementary School Primary Regular 638 26 3
Hillview Junior High School Middle Regular 874 37 3
Pittsburg High School High Regular 3,061 128 4

Heights Elementary School

  • Education Level: Primary
  • # of students: 638
  • # of teachers: 26
3
GreatSchools Rating

Hillview Junior High School

  • Education Level: Middle
  • # of students: 874
  • # of teachers: 37
3
GreatSchools Rating

Pittsburg High School

  • Education Level: High
  • # of students: 3,061
  • # of teachers: 128
4
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$2,122
Property Tax -$657
Property Insurance -$80
Property Management Fees -$149
CASH FLOW
-$17

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.

$575,000

PROJECTED PRICE

$2,990

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.8%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$60,521

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
  • $3,279

    COMP ESTIMATED VALUE
  • $1.5

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8953$2,900
$2,900
RENT COMPS ANALYSIS
  • 88 Gold Crest. Ct. Pittsburg, CA 1
    • 4 beds 3 baths ∙ 2,193 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,193 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 241 Jupiter Ct Pittsburg, CA 2
    • 5 beds 3 baths ∙ 2,031 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,031 Sqft ∙ Built 2008
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.43
    •  
  • 1828 Chaparral Dr Pittsburg, CA 3
    • 4 beds 2 baths ∙ 1,859 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,859 Sqft ∙ Built 2000
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.56
    •  
PROPERTY LISTING DETAILS
Shelia Westfield
Keller Williams
BESbswy