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245 Ivy Pl Orinda, CA 94563

3 Beds 2 Baths 1,759 sqft Built 1968

$1,350,000

List Price

$4,260

$4K - $4.5K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $767.48
  • 3 Days on Market
  • MLS # : CC40929155
  • Updated Date : 11/13/2020 at 22:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,759 sqft
  • Baths : 2 full
Listing Agent

Dudum Real Estate Group

Listing Agent's Description

Situated at the end of a cul-de-sac in the highly desirable Ivy Drive neighborhood sits this wonderful single-level ranch home that offers gracious living indoors and out! This neighborhood is desirable not only for its scenic setting & flat streets, but for its close proximity to acclaimed Orinda schools and access to commute routes. The spacious kitchen has been updated with white cabinetry, stainless steel appliances and includes granite countertops, wood flooring, and new lighting. The eat-in kitchen is highlighted by a large corner window that looks directly over the front lawn and cul-de-sac play area. Just off the kitchen is the familyroom that overlooks the flat backyard via a large glass slider. The living room and dining area are highlighted by contemporary lighting and a wall of windows that floods the room with natural light and overlooks the park-like yard. This magnificent yard includes a large patio, flat lawn area, and a bridge to a redwood grove w/ a picnic table.

SEE MORE

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
 

$1,215,000$1,485,000$1,350,000

PURCHASE PRICE

$3,834$4,686$4,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,260
EXPENSES Loan Payment -$4,981
Property Tax -$1,445
Property Insurance -$70
Property Management Fees -$209
CASH FLOW
-$2,445

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.

$1,350,000

PROJECTED PRICE

$4,260

PROJECTED RENT

0.32%

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$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$363,500

INVESTMENT

$363,500

Down Payment
$337,500
Rehab Estimate
$5,750
Closing Costs
$20,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,981

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $337,500
Loan Amount $1,012,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$121

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
  • $3,949

    COMP ESTIMATED VALUE
  • $2.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8003$4,0004$4,3505$4,800
$4,800
RENT COMPS ANALYSIS
  • 245 Ivy Pl Orinda, CA 1
    • 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 1968
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 33 Miramonte Dr Moraga, CA 2
    • 4 beds 3 baths ∙ 1,762 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,762 Sqft ∙ Built 1980
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.16
    •  
  • 14 Donna Maria Way Orinda, CA 3
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1952
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.35
    •  
  • 19 Corliss Dr. Moraga, CA 4
    • 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 1961 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 1961
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $2.10
    •  
  • 102 Greenbriar Moraga, CA 5
    • 3 beds 2 baths ∙ 2,029 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,029 Sqft ∙ Built 1986
    property image
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $2.37
    •  
PROPERTY LISTING DETAILS
Matthew Mcleod
Dudum Real Estate Group
BESbswy