Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10 Chelton Ct Orinda, CA 94563

3 Beds 3 Baths 1,874 sqft Built 1959

$1,079,000

List Price

$4,550

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1959
  • Price/Sqft : $575.77
  • 3 Days on Market
  • MLS # : CC40928348
  • Updated Date : 11/06/2020 at 13:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,874 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker

Listing Agent's Description

Located in the highly sought after Del Rey neighborhood in beautiful Orinda, this spacious 3 BR/2.5BA ranch-style home lives so much larger than its 1,874� square feet! With a huge backyard and nearly a half-acre of land on which to roam, this inviting single-level home offers a fantastic opportunity to re-fashion the property into the house of your dreams, or simply enjoy it as it is. With its comfortable floorplan and wonderful distinct living spaces, this is a fabulous family home. Abundant windows bring the outdoors in. The tree-studded, pastoral setting includes a sizable undeveloped portion that invites your imagination . . . Pool? Sport court? Chicken coop? Orchard? An ADU? The property enjoys a prime location within easy walking distance of 12 years of award-winning Orinda schools. Close to shopping, parks, restaurants and amenities in both Moraga and Orinda. BART and the freeway are just a few minutes away. You won't want to miss this!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ivy Drive

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $273k1476k

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

Neighborhood: Ivy Drive

NeighborhoodNIR Market*CityMarket2010Year20012019 Q22000250030003500400045005000Rent in $16715428

* 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
Del Rey Elementary School Primary Regular 399 20 9
Orinda Intermediate School Middle Regular 907 43 10
Miramonte High School High Regular 1,155 58 9

Del Rey Elementary School

  • Education Level: Primary
  • # of students: 399
  • # of teachers: 20
9
GreatSchools Rating

Orinda Intermediate School

  • Education Level: Middle
  • # of students: 907
  • # of teachers: 43
10
GreatSchools Rating

Miramonte High School

  • Education Level: High
  • # of students: 1,155
  • # of teachers: 58
9
GreatSchools Rating
 

$971,100$1,186,900$1,079,000

PURCHASE PRICE

$4,095$5,005$4,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,550
EXPENSES Loan Payment -$3,981
Property Tax -$1,154
Property Insurance -$72
Property Management Fees -$223
CASH FLOW
-$880

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.

$1,079,000

PROJECTED PRICE

$4,550

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.4%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$291,685

INVESTMENT

$291,685

Down Payment
$269,750
Rehab Estimate
$5,750
Closing Costs
$16,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,981

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $269,750
Loan Amount $809,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$26,759

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,550

    LIST RENT
  • $2.43

    LIST RENT PER SQFT
  • $4,198

    COMP ESTIMATED VALUE
  • $2.24

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,3503$4,5004$4,5005$4,550
$4,550
RENT COMPS ANALYSIS
  • 10 Chelton Ct Orinda, CA 5
    • 3 beds 3 baths ∙ 1,874 Sqft ∙ Built 1959 3 beds 3 baths ∙ 1,874 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,550
    • $2.43
    •  
  • 14 Donna Maria Way Orinda, CA 1
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1952
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.35
    •  
  • 19 Corliss Dr. Moraga, CA 2
    • 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 1961 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 1961
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $2.10
    •  
  • 44 Lynwood Pl Moraga, CA 3
    • 3 beds 2 baths ∙ 1,883 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,883 Sqft ∙ Built 1964
    property image
    LEASED 05/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.39
    •  
  • 10 Ivy Dr Orinda, CA 4
    • 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 1952 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 1952
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.12
    •  
PROPERTY LISTING DETAILS
Mary Beth Maclennan
Coldwell Banker
BESbswy