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22 Knickerbocker Ln Orinda, CA 94563

3 Beds 3 Baths 2,160 sqft Built 1987

INVESTimate

$1,099,000

List Price

$5,130

$4,880 - $5,380

Rent Est.

$1,151,203  ( +4.75%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $508.80
  • 7 Days on Market
  • MLS # : CC40917540
  • Updated Date : 08/20/2020 at 12:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,160 sqft
  • Baths : 2 full , 1 half
Listing Agent

Caldecott Properties

Listing Agent's Description

Cosmetic fixer home here in Orinda. Great views, low maintenance property, huge garage and shop area. Separate room/office off the garage not included in the sq. ft. Huge open bean ceiling combo area; kitchen, dinning area and living room with outside deck and covered patio area on the top floor! AC in the master bedroom. Washer/Dryer and Refrigerator to stay. Original owners, bought the land, built the house. Retired contractor. Oak Springs Pool a close walk away. AS-IS sale, sellers do not plan to make any repairs or give any credits.

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PRICE & RENT TRENDS

Neighborhood: Oak Springs

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700kPrice in $273k1738k

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

Neighborhood: Oak Springs

NeighborhoodNIR Market*CityMarket2010Year20012019 Q220002500300035004000450050005500Rent in $16715830

* 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
Wagner Ranch Elementary School Primary Regular 394 18 9
Orinda Intermediate School Middle Regular 907 43 10
Miramonte High School High Regular 1,155 58 9

Wagner Ranch Elementary School

  • Education Level: Primary
  • # of students: 394
  • # of teachers: 18
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
 

$989,100$1,208,900$1,099,000

PURCHASE PRICE

$4,617$5,643$5,130

RENT

DOWN PAYMENT
FINANCING

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-$10k$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,130
EXPENSES Loan Payment -$4,055
Property Tax -$1,142
Property Insurance -$79
Property Management Fees -$251
CASH FLOW
-$397

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.

$1,099,000

PROJECTED PRICE

$5,130

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 4.75%
Maintenance Year (1-5) 8.00%
Vacancy 5.22%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$296,985

INVESTMENT

$296,985

Down Payment
$274,750
Rehab Estimate
$5,750
Closing Costs
$16,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$4,055

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $274,750
Loan Amount $824,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$70,537

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,130

    LIST RENT
  • $2.38

    LIST RENT PER SQFT
  • $5,638

    COMP ESTIMATED VALUE
  • $2.61

    COMP AVG. RENT PER SQFT
Comps Range
$5,130
1$5,1302$5,700
$5,700
RENT COMPS ANALYSIS
  • 22 Knickerbocker Ln Orinda, 1
    • 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $5,130
    • $2.38
    •  
  • 8 Fleetwood Court Orinda, 2
    • 4 beds 2 baths ∙ 2,186 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,186 Sqft ∙ Built 1973
    property image
    LEASED 03/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,700
    • $2.61
    •  
PROPERTY LISTING DETAILS
Robert Jacobus
Caldecott Properties
BESbswy