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2356 Carquinez Ave El Cerrito, CA 94530

3 Beds 2 Baths 1,753 sqft Built 1960

$995,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $567.60
  • 3 Days on Market
  • MLS # : EB40931117
  • Updated Date : 12/04/2020 at 22:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,753 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

This truly special Mid-century modern home nestled in the El Cerrito Hills is for someone who appreciates style as much as they do function. With an open concept that flows and high-end updates throughout, it's been thoughtfully cared for. Natural light floods the main living area, where you can catch incredible sunsets and sweeping Bay views whether you're cozying up by the fireplace, enjoying an intimate dinner in the dining room, or sipping a cocktail at the island in your gourmet kitchen. (Which, by the way, features a double oven, induction stovetop, custom cabinetry & a huge pantry.) Upstairs are 3 bedrooms, 2 full baths & laundry. The terraced backyard has something for everyone: a covered patio, built-in BBQ, fruit trees, space to garden, a hot tub & more of those views you came for. Upgrades include owned solar, high-efficiency furnace, tankless water heater, newer roof & electric. Here, you're close to hiking and great schools. So, yes, it's the full package. Make your move!

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PRICE & RENT TRENDS

Neighborhood: Mira Vista Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Mira Vista Highlands

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16713930

* 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
 

$895,500$1,094,500$995,000

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 -$3,671
Property Tax -$1,171
Property Insurance -$69
Property Management Fees -$149
CASH FLOW
-$2,011

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.

$995,000

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) 7.9%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$269,425

INVESTMENT

$269,425

Down Payment
$248,750
Rehab Estimate
$5,750
Closing Costs
$14,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,671

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $248,750
Loan Amount $746,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$26

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $1.74

    LIST RENT PER SQFT
  • $2,331

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$3,050
$3,050
RENT COMPS ANALYSIS
  • 2356 Carquinez Ave El Cerrito, CA 2
    • 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.74
    •  
  • 814 Sonoma St Richmond, CA 1
    • 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1961 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1961
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.33
    •  
PROPERTY LISTING DETAILS
Kerri Naslund
Keller Williams Realty
BESbswy