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997 Ruth Dr. Pleasant Hill, CA 94523

3 Beds 1 Baths 966 sqft Built 1960

$749,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $775.36
  • 7 Days on Market
  • MLS # : CC40933894
  • Updated Date : 01/15/2021 at 15:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 966 sqft
  • Baths : 1 full
Listing Agent

Dudum Real Estate Group

Listing Agent's Description

Exceptionally beautiful family home just steps from shopping & restaurants! Breathtaking gourmet kitchen w custom cabinetry, Quartz slab countertops, stainless appliances including gas range & refrigerator with water/ice dispenser. Open & airy floor plan with neutral hardwood floors, wood burning fireplace, dual-paned windows & central heat & air conditioning. Gorgeous bathroom features travertine tile flooring, tumbled tile in the shower/tub area, floating vanity & built-in glass storage shelving behind the door. Natural light abounds, and exquisite, high-end Walnut Creek Lighting Co light fixtures were recently installed throughout the home & illuminate it to perfection. Excellent flat backyard is ideal for entertaining & enjoying the outdoors...features covered patio, lawn & one of the most delicious mature navel orange trees you've experienced in your life! Attached 2 car garage with abundant storage space, washer/dryer included. Excellent commute location to 24 & I-680 freeway!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: College Park

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $243k1015k

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

Neighborhood: College Park

NeighborhoodNIR 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
Gregory Gardens Elementary School Primary Regular 373 13 5
Valley View Middle School Middle Regular 835 38 6
College Park High School High Regular 2,022 81 9

Gregory Gardens Elementary School

  • Education Level: Primary
  • # of students: 373
  • # of teachers: 13
5
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
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,602
Property Tax -$814
Property Insurance -$51
Property Management Fees -$149
CASH FLOW
-$1,015

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.

$749,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.6%
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$2.5M

PROJECTED ANNUAL CASH FLOW

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

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$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$939

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $2.69

    LIST RENT PER SQFT
  • $2,096

    COMP ESTIMATED VALUE
  • $2.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,4503$2,600
$2,600
RENT COMPS ANALYSIS
  • 997 Ruth Dr. Pleasant Hill, CA 3
    • 3 beds 1 baths ∙ 966 Sqft ∙ Built 1960 3 beds 1 baths ∙ 966 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $2.69
    •  
  • 979 Argenta Dr Martinez, CA 1
    • 3 beds 1 baths ∙ 1,026 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,026 Sqft ∙ Built 1960
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $2.19
    •  
  • 2426 Pleasant Hill Rd 1 Pleasant Hill, CA 2
    • 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1970
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $2.15
    •  
PROPERTY LISTING DETAILS
Marisa Cox
Dudum Real Estate Group
BESbswy