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1236 King Dr El Cerrito, CA 94530

3 Beds 3 Baths 1,791 sqft Built 1940

$1,175,000

List Price

$4,500

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1940
  • Price/Sqft : $656.06
  • 3 Days on Market
  • MLS # : MR40930775
  • Updated Date : 12/05/2020 at 14:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,791 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Located in the El Cerrito hills, this single-level home features gorgeous design and panoramic views. A welcoming front entry opens to the living and dining rooms with vaulted ceilings, exposed beams, and picture windows that frame the breathtaking views of SF, Golden Gate and Bay Bridges, Berkeley, and Oakland. The spacious kitchen has updated appliances, quartz countertops, windows overlooking the expansive backyard, and a large pantry. Sliding doors along the dining lead to a sprawling outdoor space, with multiple entertaining and play areas. Three generously-sized bedrooms feature plenty of natural light, including a large primary that enjoys the Bay, bridge, and city views, along with a walk-in closet and sparkling en suite bath. A detached two-car garage allows for ample off-street parking. Close to parks, hiking trails, shopping, dining, BART, 80 & 580, this impressive home offers easy access to the best of the East Bay and beyond and is perfect for working from home.

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PRICE & RENT TRENDS

Neighborhood: El Cerrito

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: El Cerrito

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16713863

* 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
Madera Elementary School Primary Regular 519 18 7
Madera Elementary School Middle Regular 519 18 7
El Cerrito High School High Regular 1,364 55 5

Madera Elementary School

  • Education Level: Primary
  • # of students: 519
  • # of teachers: 18
7
GreatSchools Rating

Madera Elementary School

  • Education Level: Middle
  • # of students: 519
  • # of teachers: 18
7
GreatSchools Rating

El Cerrito High School

  • Education Level: High
  • # of students: 1,364
  • # of teachers: 55
5
GreatSchools Rating
 

$1,057,500$1,292,500$1,175,000

PURCHASE PRICE

$4,050$4,950$4,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,500
EXPENSES Loan Payment -$4,335
Property Tax -$1,382
Property Insurance -$70
Property Management Fees -$221
CASH FLOW
-$1,508

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.

$1,175,000

PROJECTED PRICE

$4,500

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.5%
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-$20k-$10k$0.0$10k$20k

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$317,125

INVESTMENT

$317,125

Down Payment
$293,750
Rehab Estimate
$5,750
Closing Costs
$17,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,335

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $293,750
Loan Amount $881,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,923

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,500

    LIST RENT
  • $2.51

    LIST RENT PER SQFT
  • $4,854

    COMP ESTIMATED VALUE
  • $2.71

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,5003$4,7254$6,250
$6,250
RENT COMPS ANALYSIS
  • 1236 King Dr El Cerrito, CA 2
    • 3 beds 3 baths ∙ 1,791 Sqft ∙ Built 1940 3 beds 3 baths ∙ 1,791 Sqft ∙ Built 1940
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.51
    •  
  • 5430 Zara El Cerrito, CA 1
    • 3 beds 2 baths ∙ 2,015 Sqft ∙ Built 1938 3 beds 2 baths ∙ 2,015 Sqft ∙ Built 1938
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.08
    •  
  • 510 Evelyn Ave Albany, CA 3
    • 4 beds 3 baths ∙ 1,531 Sqft ∙ Built 1931 4 beds 3 baths ∙ 1,531 Sqft ∙ Built 1931
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,725
    • $3.09
    •  
  • 434 Grizzly Peak Blvd Berkeley, CA 4
    • 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 1934 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 1934
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,250
    • $2.96
    •  
PROPERTY LISTING DETAILS
Linda Ngo
Coldwell Banker Realty
BESbswy