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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $799.67
- 3 Days on Market
- MLS # : CC40931077
- Updated Date : 12/04/2020 at 13:05
CONSTRUCTION
- Beds : 4
- Floor Size : 1,812 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker
Listing Agent's Description
11 RAE DRIVE, ORINDA ... THE BEST OF BOTH WORLDS This remarkable property is located at the end of a cul de sac in one of Orinda's most sought-after neighborhoods, close to 12 years of award-winning schools. It offers the best of both worlds, the perfect blend of privacy and access. This thoughtfully curated residence seamlessly combines distinctive design elements and detail. There is a serene neutral palette, large windows, subtle Elm floors, contemporary finishes & accents, resulting in a unique yet livable home. This modern single-story residence featuring 4 bedrooms and 2 bathrooms is pure heaven. Situated in the hills' privacy yet this home is not far from the amenities of Orinda Village, vibrant downtown Lafayette, miles of trails, parks and BART.
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PRICE & RENT TRENDS
Neighborhood: Ivy Drive
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ivy Drive
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,560 |
| EXPENSES | Loan Payment | -$5,346 |
| Property Tax | -$1,550 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$223 | |
|
CASH FLOW
-$2,630
|
||
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.
$1,449,000
PROJECTED PRICE
$4,560
PROJECTED RENT
0.31%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$389,735
LOAN DETAILS
$5,346
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $362,250 |
| Loan Amount | $1,086,750 |
0.08
YEARS SAVED
$124
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,955
COMP ESTIMATED VALUE -
$2.18
COMP AVG. RENT PER SQFT
Comps Range
-
11 Rae Drive Orinda, CA 1
- 4 beds 2 baths ∙ 1,812 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,812 Sqft ∙ Built 1962
- Rent
- Rent Per SQFT
- $0
- $0.00
-
33 Miramonte Dr Moraga, CA 2
- 4 beds 3 baths ∙ 1,762 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,762 Sqft ∙ Built 1980
LEASED 10/31/20- Rent
- Rent Per SQFT
- $3,800
- $2.16
-
14 Donna Maria Way Orinda, CA 3
- 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1952
LEASED 07/08/20- Rent
- Rent Per SQFT
- $4,000
- $2.35
-
19 Corliss Dr. Moraga, CA 4
- 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 1961 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 1961
LEASED 06/22/20- Rent
- Rent Per SQFT
- $4,350
- $2.10
-
10 Ivy Dr Orinda, CA 5
- 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 1952 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 1952
LEASED 02/01/20- Rent
- Rent Per SQFT
- $4,500
- $2.12
PROPERTY LISTING DETAILS
Coldwell Banker
