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67 Buckingham Dr. Moraga, CA 94556

4 Beds 3 Baths 1,987 sqft Built 1968

INVESTimate

$1,325,000

List Price

$4,410

$4,160 - $4,660

Rent Est.

$1,398,538  ( +5.55%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1968
  • Price/Sqft : $666.83
  • 6 Days on Market
  • MLS # : CC40917711
  • Updated Date : 08/23/2020 at 16:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,987 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Fantastic 4BD/2.5BA Lamorinda home in a park-like setting! This corner lot home is situated on a .25 acre premium lot with hillside views and an abundance of space for outdoor entertainment and play. The living room and dining room are light and bright and open to the updated eat-in kitchen with stainless steel appliances and granite counter tops and access to the back yard. The family room features a fireplace, wet bar and a sliding door for indoor outdoor living. The spacious master suite has a large walk in closet with a custom closet system and gorgeous views of the back yard and Moraga hills. The three additional light and bright bedrooms have plantation shutters, custom closet systems and share an updated bathroom with double sinks. This ideal location is very close to shopping, trails and parks and Moraga's award winning schools.

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PRICE & RENT TRENDS

Neighborhood: Countrystone

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1307k

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

Neighborhood: Countrystone

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2200025003000350040004500Rent in $16714886

* 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
Donald L. Rheem Elementary School Primary Regular 410 18 9
Joaquin Moraga Intermediate School Middle Regular 684 36 10
Campolindo High School High Regular 1,253 60 10

Donald L. Rheem Elementary School

  • Education Level: Primary
  • # of students: 410
  • # of teachers: 18
9
GreatSchools Rating

Joaquin Moraga Intermediate School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 36
10
GreatSchools Rating

Campolindo High School

  • Education Level: High
  • # of students: 1,253
  • # of teachers: 60
10
GreatSchools Rating
 

$1,192,500$1,457,500$1,325,000

PURCHASE PRICE

$3,969$4,851$4,410

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,410
EXPENSES Loan Payment -$4,889
Property Tax -$1,431
Property Insurance -$75
Property Management Fees -$216
CASH FLOW
-$2,200

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.

$1,325,000

PROJECTED PRICE

$4,410

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.55%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$356,875

INVESTMENT

$356,875

Down Payment
$331,250
Rehab Estimate
$5,750
Closing Costs
$19,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,889

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $331,250
Loan Amount $993,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$188

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,410

    LIST RENT
  • $2.22

    LIST RENT PER SQFT
  • $4,814

    COMP ESTIMATED VALUE
  • $2.42

    COMP AVG. RENT PER SQFT
Comps Range
$4,410
1$4,4102$4,4503$4,5004$4,7505$5,000
$5,000
RENT COMPS ANALYSIS
  • 67 Buckingham Dr. Moraga, 1
    • 4 beds 3 baths ∙ 1,987 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,987 Sqft ∙ Built 1968
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,410
    • $2.22
    •  
  • 3359 Sweet Dr Lafayette, 2
    • 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1955
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,450
    • $2.52
    •  
  • 44 Lynwood Pl Moraga, 3
    • 3 beds 2 baths ∙ 1,883 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,883 Sqft ∙ Built 1964
    property image
    LEASED 05/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.39
    •  
  • 795 Camino Ricardo Moraga, 4
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1965
    property image
    LEASED 04/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $2.53
    •  
  • 3330 Helen Lane Lafayette, 5
    • 5 beds 3 baths ∙ 2,226 Sqft ∙ Built 1952 5 beds 3 baths ∙ 2,226 Sqft ∙ Built 1952
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.25
    •  
PROPERTY LISTING DETAILS
Meredith Peterson
Compass
BESbswy