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215 Ivy Dr Orinda, CA 94563

3 Beds 2 Baths 1,281 sqft Built 1954

$1,249,000

List Price

$3,730

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1954
  • Price/Sqft : $975.02
  • 3 Days on Market
  • MLS # : CC40928271
  • Updated Date : 11/06/2020 at 12:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,281 sqft
  • Baths : 2 full
Listing Agent

Golden Gate Sotheby's Int'l Re

Listing Agent's Description

A spacious, flat back yard and walking-distance proximity to top Orinda schools make this 3 BR/2 BA home special. Approach the home on a winding stone walkway through new landscaping, and enter into a spacious living room with hardwood floors, beamed ceilings, and a wood-burning brick fireplace. The living room flows gracefully into the dining area and then to the kitchen, which is equipped with Frigidaire appliances and cabinetry with new fixtures. The kitchen window offers views of hummingbirds feeding, the shaded back yard lawn, and a sport court (which could be reconfigured to expand the lawn even further). New light fixtures adorn most rooms, and the master bathroom has been renovated. Young students needn't bother with the school bus; they can stroll to school, from kindergarten through high school, including just four-tenths of a mile to Orinda Intermediate and two-tenths to Miramonte High.

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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
 

$1,124,100$1,373,900$1,249,000

PURCHASE PRICE

$3,357$4,103$3,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,730
EXPENSES Loan Payment -$4,608
Property Tax -$1,336
Property Insurance -$58
Property Management Fees -$183
CASH FLOW
-$2,455

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.

$1,249,000

PROJECTED PRICE

$3,730

PROJECTED RENT

0.30%

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

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$336,735

INVESTMENT

$336,735

Down Payment
$312,250
Rehab Estimate
$5,750
Closing Costs
$18,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,608

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,250
Loan Amount $936,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$65

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
  • $3,062

    COMP ESTIMATED VALUE
  • $2.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$4,100
$4,100
RENT COMPS ANALYSIS
  • 215 Ivy Dr Orinda, CA 1
    • 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1461 Camino Peral Moraga, CA 2
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1973
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.22
    •  
  • 5 Thune Ave Moraga, CA 3
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1960
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.56
    •  
PROPERTY LISTING DETAILS
Ann Newton Cane
Golden Gate Sotheby's Int'l Re
BESbswy