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26 Las Palomas Orinda, CA 94563

4 Beds 2 Baths 1,785 sqft Built 1954

$1,245,000

List Price

$4,170

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1954
  • Price/Sqft : $697.48
  • 5 Days on Market
  • MLS # : CC40928049
  • Updated Date : 11/04/2020 at 14:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,785 sqft
  • Baths : 2 full
Listing Agent

Village Associates Real Estate

Listing Agent's Description

Your Hidden Hideaway! Crisp & Clean in the Orinda Country Club! Light, bright, & impeccably maintained & an open floor plan promotes comfy everyday living w/plenty of space for entertaining. Formal living/dining areas w/two-way fireplace and sliders to the backyard, the kitchen offers Quartz counters, wood cabinets, a large pantry and is open to a den/great room with sliders to the outdoors. Spacious primary suite w/ fireplace, walk in closet & slider to the yard. The lush & private back yard is ready to enjoy w/beautiful views, brick patio & deck. The lower yard offers terrific level play/gardening space & a romantic gazebo. You will love the indoor/outdoor living here! Bonus room below the garage for future home office/gym/storage? Close to town, BART & Highway 24 & Orinda's great schools. Don't miss this one!

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PRICE & RENT TRENDS

Neighborhood: Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $273k1658k

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

Neighborhood: Country Club

NeighborhoodNIR Market*CityMarket2010Year20012019 Q220002500300035004000450050005500Rent in $16715760

* 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
Sleepy Hollow Elementary School Primary Regular 390 18 9
Orinda Intermediate School Middle Regular 907 43 10
Miramonte High School High Regular 1,155 58 9

Sleepy Hollow Elementary School

  • Education Level: Primary
  • # of students: 390
  • # 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
 

$1,120,500$1,369,500$1,245,000

PURCHASE PRICE

$3,753$4,587$4,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,170
EXPENSES Loan Payment -$4,593
Property Tax -$1,293
Property Insurance -$70
Property Management Fees -$204
CASH FLOW
-$1,991

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.

$1,245,000

PROJECTED PRICE

$4,170

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.2%
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-$30k-$20k-$10k$0.0$10k

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$335,675

INVESTMENT

$335,675

Down Payment
$311,250
Rehab Estimate
$5,750
Closing Costs
$18,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,593

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $311,250
Loan Amount $933,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$280

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,170

    LIST RENT
  • $2.34

    LIST RENT PER SQFT
  • $4,150

    COMP ESTIMATED VALUE
  • $2.33

    COMP AVG. RENT PER SQFT
Comps Range
$3,790
1$3,7902$4,1703$4,2004$4,9505$5,000
$5,000
RENT COMPS ANALYSIS
  • 26 Las Palomas Orinda, CA 2
    • 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $4,170
    • $2.34
    •  
  • 553 Miner Orinda, CA 1
    • 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1951
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,790
    • $2.15
    •  
  • 742 Miner Rd Orinda, CA 3
    • 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1958
    LEASED 10/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.00
    •  
  • 66 Via Floreado One Story Orinda, CA 4
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1961
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $2.75
    •  
  • 32 Diablo Cir Lafayette, CA 5
    • 4 beds 3 baths ∙ 2,081 Sqft ∙ Built 1956 4 beds 3 baths ∙ 2,081 Sqft ∙ Built 1956
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.40
    •  
PROPERTY LISTING DETAILS
April Matthews
Village Associates Real Estate
BESbswy