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226 Overhill Rd Orinda, CA 94563

3 Beds 2 Baths 1,306 sqft Built 1950

$989,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $757.27
  • 3 Days on Market
  • MLS # : CC40933692
  • Updated Date : 01/09/2021 at 09:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,306 sqft
  • Baths : 1 full , 1 half
Listing Agent

Re/max Accord

Listing Agent's Description

Lovely Glorietta 3 bedroom/1.5 bath single story is waiting for your personal touches. Beautiful hardwood flooring, open floorplan, spacious country kitchen with vintage Wedgewood gas range, some dual paned windows, indoor laundry, detached garage, huge .79 acre lot (per County Assessor), built-in BBQ, walk to Glorietta Elementary, minutes from freeways, BART & downtown.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Glorietta

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $273k1490k

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

Neighborhood: Glorietta

NeighborhoodNIR Market*CityMarket2010Year20012019 Q220002500300035004000450050005500Rent in $16715541

* 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
Glorietta Elementary School Primary Regular 439 19 9
Orinda Intermediate School Middle Regular 907 43 10
Miramonte High School High Regular 1,155 58 9

Glorietta Elementary School

  • Education Level: Primary
  • # of students: 439
  • # of teachers: 19
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
 

$890,100$1,087,900$989,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$3,435
Property Tax -$1,027
Property Insurance -$59
Property Management Fees -$149
CASH FLOW
-$1,621

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.

$989,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$267,835

INVESTMENT

$267,835

Down Payment
$247,250
Rehab Estimate
$5,750
Closing Costs
$14,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,435

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $247,250
Loan Amount $741,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$84

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
  • $3,060

    COMP ESTIMATED VALUE
  • $2.34

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$4,1954$4,500
$4,500
RENT COMPS ANALYSIS
  • 226 Overhill Rd Orinda, CA 1
    • 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 37 Meadow View Rd Orinda, CA 2
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1951
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.50
    •  
  • 230 Hall Drive Orinda, CA 3
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1954
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,195
    • $2.74
    •  
  • 237 Overhill Rd Orinda, CA 4
    • 3 beds 3 baths ∙ 1,615 Sqft ∙ Built 1952 3 beds 3 baths ∙ 1,615 Sqft ∙ Built 1952
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.79
    •  
PROPERTY LISTING DETAILS
Mark Shaw
Re/max Accord
BESbswy