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61 Los Cerros Pl Walnut Creek, CA 94598

5 Beds 3 Baths 2,387 sqft Built 1958

$1,425,000

List Price

$4,360

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $596.98
  • 3 Days on Market
  • MLS # : CC40930219
  • Updated Date : 11/27/2020 at 11:37
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,387 sqft
  • Baths : 3 full
Listing Agent

Bay Area Modern Real Estate

Listing Agent's Description

Custom 2 story Eichler affords ample living space with 5BD/3BA and a total of 2,387 SF (per tax records). A majestic open living area is accentuated with a high-pitched post & beam ceiling that spans the entirety of the home. A superbly remodeled kitchen makes this home a true entertainer's delight & features double 20 ft islands w/Sub Zero fridge. The entire lower level of the home has been tiled complementing the radiant heating alongside additional mini-split AC/Heaters in every room. Floor-to-ceiling glass walls along with multiple skylights blur the lines between indoors/outdoors & flood the home with natural light. All baths are fully remodeled & 2nd bdrm doubles as family room. Other notable features include new double-paned windows, mahogany wood walls, globe lighting, Tesla EV charging port & warrantied roof. The large yard allows for private outdoor living with separate spa, sauna & shower cabana. Located in a quiet cul-de-sac, this home is also very centrally located.

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PRICE & RENT TRENDS

Neighborhood: Rancho San Miguel

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1090k

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

Neighborhood: Rancho San Miguel

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714076

* 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
Walnut Acres Elementary School Primary Regular 625 23 9
Foothill Middle School Middle Regular 1,014 40 9
Northgate High School High Regular 1,671 67 10

Walnut Acres Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 23
9
GreatSchools Rating

Foothill Middle School

  • Education Level: Middle
  • # of students: 1,014
  • # of teachers: 40
9
GreatSchools Rating

Northgate High School

  • Education Level: High
  • # of students: 1,671
  • # of teachers: 67
10
GreatSchools Rating
 

$1,282,500$1,567,500$1,425,000

PURCHASE PRICE

$3,924$4,796$4,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,360
EXPENSES Loan Payment -$5,258
Property Tax -$1,483
Property Insurance -$85
Property Management Fees -$214
CASH FLOW
-$2,679

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.

$1,425,000

PROJECTED PRICE

$4,360

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.2%
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$1.0M$2.0M$3.0M$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$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$383,375

INVESTMENT

$383,375

Down Payment
$356,250
Rehab Estimate
$5,750
Closing Costs
$21,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,258

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $356,250
Loan Amount $1,068,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$97

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
  • $4,686

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,2503$4,3004$4,500
$4,500
RENT COMPS ANALYSIS
  • 61 Los Cerros Pl Walnut Creek, CA 1
    • 5 beds 3 baths ∙ 2,387 Sqft ∙ Built 1958 5 beds 3 baths ∙ 2,387 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 350 Pickering Place Walnut Creek, CA 2
    • 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 1960 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 1960
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.02
    •  
  • 1020 Pontiac Ct Walnut Creek, CA 3
    • 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 1974
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.87
    •  
  • 3374 Whitehaven Dr Walnut Creek, CA 4
    • 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 1978
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.00
    •  
PROPERTY LISTING DETAILS
Ary Assadi
Bay Area Modern Real Estate
BESbswy