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11 Rae Drive Orinda, CA 94563

4 Beds 2 Baths 1,812 sqft Built 1962

$1,449,000

List Price

$4,560

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
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.

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
 

$1,304,100$1,593,900$1,449,000

PURCHASE PRICE

$4,104$5,016$4,560

RENT

DOWN PAYMENT
FINANCING

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

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$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$389,735

INVESTMENT

$389,735

Down Payment
$362,250
Rehab Estimate
$5,750
Closing Costs
$21,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$5,346

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $362,250
Loan Amount $1,086,750
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,955

    COMP ESTIMATED VALUE
  • $2.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8003$4,0004$4,3505$4,500
$4,500
RENT COMPS ANALYSIS
  • 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
Linda Van Drent
Coldwell Banker
BESbswy