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97 Monte Vista Ct Pleasant Hill, CA 94523

3 Beds 1 Baths 1,040 sqft Built 1953

INVESTimate

$875,000

List Price

$2,550

$2,300 - $2,800

Rent Est.

$934,325  ( +6.78%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1953
  • Price/Sqft : $841.35
  • 7 Days on Market
  • MLS # : BE40917534
  • Updated Date : 08/22/2020 at 09:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,040 sqft
  • Baths : 1 full
Listing Agent

Realty World Complete Srcvs

Listing Agent's Description

EAST FACING One story completely remodeled home located at the rear of a court on a flat like lot with mature landscaping and numerous fruit trees. Upgrades include dual panned windows, french door, hardwood flooring, granite counters, white faced cabinets & appliances, custom fireplace, plantation shutters, recessed lighting, 4" bbds ,remodeled bath, custom fixtures, paint and much more. There is a detached insulated shed/playhouse with electrical. Top rated schools, parks, shopping, the Iron Horse Trail, BART and Highway 680 are minutes away, N0T in a special flood zone unlike other homes in Poet's Corner

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
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
 

$787,500$962,500$875,000

PURCHASE PRICE

$2,295$2,805$2,550

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

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 $2,550
EXPENSES Loan Payment -$3,228
Property Tax -$957
Property Insurance -$52
Property Management Fees -$149
CASH FLOW
-$1,837

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.

$875,000

PROJECTED PRICE

$2,550

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.78%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$3,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$10

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $2.45

    LIST RENT PER SQFT
  • $2,392

    COMP ESTIMATED VALUE
  • $2.3

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,8003$3,0004$3,2005$3,300
$3,300
RENT COMPS ANALYSIS
  • 97 Monte Vista Ct Pleasant Hill, 1
    • 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $2.45
    •  
  • 2074 Hoover Ave Pleasant Hill, 2
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1972
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.06
    •  
  • 3240 Hudson Ave Walnut Creek, 3
    • 3 beds 1 baths ∙ 1,283 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,283 Sqft ∙ Built 1948
    LEASED 05/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.34
    •  
  • 3216 Rogers Ave Walnut Creek, 4
    • 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1948
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.39
    •  
  • 65 Valla Court Walnut Creek, 5
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1954
    LEASED 10/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.41
    •  
PROPERTY LISTING DETAILS
Bernard Laffer
Realty World Complete Srcvs
BESbswy