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3310 Moraga Blvd Lafayette, CA 94549

3 Beds 3 Baths 1,557 sqft Built 1949

INVESTimate

$1,500,000

List Price

$3,590

$3,340 - $3,840

Rent Est.

$1,617,600  ( +7.84%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1949
  • Price/Sqft : $963.39
  • 6 Days on Market
  • MLS # : CC40917796
  • Updated Date : 08/22/2020 at 09:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,557 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Located on a tree lined street with leaves that form a gentle canopy, this classic charmer is in the heart of the Trails! Expansive wide front yard adorns this cottage style home with its brick entryway, and rolling gate for added privacy. Over $350k improvements. Newly added 300 sf (approx) bonus room with radiant heat flooring. The hallmark of this home is the wonderful natural setting. The backyard is huge with its lush lawn, bbq area and a spacious newer deck with creek views. Woodsy and so private. Meander down the pathways to the 150 yards of private creek side trails. Read a book or meditate as you hear the trees rustle and the water flowing through the creek. Detached 2 bed/2 bath (approx 802 sf cottage with private deck. A block away from the Moraga Trail. Close to downtown and nearby freeway access. Less than 1 mi to top rated schools. A rare opportunity not to be missed to have your own private paradise!

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PRICE & RENT TRENDS

Neighborhood: Lafayette Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $273k1440k

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

Neighborhood: Lafayette Meadow

NeighborhoodNIR Market*CityMarket2010Year20012019 Q22000250030003500400045005000Rent in $16715037

* 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
Lafayette Elementary School Primary Regular 554 22 10
M. H. Stanley Middle School Middle Regular 1,178 52 10
Acalanes High School High Regular 1,396 69 10

Lafayette Elementary School

  • Education Level: Primary
  • # of students: 554
  • # of teachers: 22
10
GreatSchools Rating

M. H. Stanley Middle School

  • Education Level: Middle
  • # of students: 1,178
  • # of teachers: 52
10
GreatSchools Rating

Acalanes High School

  • Education Level: High
  • # of students: 1,396
  • # of teachers: 69
10
GreatSchools Rating
 

$1,350,000$1,650,000$1,500,000

PURCHASE PRICE

$3,231$3,949$3,590

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$60k-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,590
EXPENSES Loan Payment -$5,534
Property Tax -$1,574
Property Insurance -$65
Property Management Fees -$176
CASH FLOW
-$3,759

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.

$1,500,000

PROJECTED PRICE

$3,590

PROJECTED RENT

0.24%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.84%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$403,250

INVESTMENT

$403,250

Down Payment
$375,000
Rehab Estimate
$5,750
Closing Costs
$22,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$5,534

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $375,000
Loan Amount $1,125,000
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$164

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
  • $3,974

    COMP ESTIMATED VALUE
  • $2.55

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8003$4,2004$4,3505$4,450
$4,450
RENT COMPS ANALYSIS
  • 3310 Moraga Blvd Lafayette, 1
    • 3 beds 3 baths ∙ 1,557 Sqft ∙ Built 1949 3 beds 3 baths ∙ 1,557 Sqft ∙ Built 1949
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1028 Leland Dr Lafayette, 2
    • 4 beds 2 baths ∙ 1,582 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,582 Sqft ∙ Built 1962
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.40
    •  
  • 945 Oak View Cir Lafayette, 3
    • 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1955
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.60
    •  
  • 968 Carol Ln Lafayette, 4
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1951
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $2.69
    •  
  • 3359 Sweet Dr Lafayette, 5
    • 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1955
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,450
    • $2.52
    •  
PROPERTY LISTING DETAILS
Julianne Chan
Compass
BESbswy