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6716 Hagen Blvd El Cerrito, CA 94530

3 Beds 2 Baths 1,506 sqft Built 1956

$749,000

List Price

$3,660

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $497.34
  • 2 Days on Market
  • MLS # : EB40928427
  • Updated Date : 11/07/2020 at 21:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,506 sqft
  • Baths : 2 full
Listing Agent

Red Oak Realty

Listing Agent's Description

This charming and well-maintained home offers a lovely setback from the street. Through the front door, the open concept living space welcomes you with a warm fireplace, and looks onto the front garden - a peaceful space in which to relax. Just past the living room is the sunlit dining room, updated kitchen, and spacious family room. The kitchen is located in the center of the home and has new stainless steel appliances (2020), stone countertop, and custom finishes. The kitchen flows seamlessly into the dining room and a sunny family room. Down the hall are three full bedrooms and two full remodeled bathrooms (including an en-suite). The back garden has a deck and separate patio area for entertaining, and the garden is complete with fruiting fig tree, a lemon tree, and a persimmon tree. You'll find peekaboo views of the Bay from two bedrooms, the family room, and back garden. Zoned for top-performing Madera Elementary School*. //. *Any interested parties should verify school district

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PRICE & RENT TRENDS

Neighborhood: El Cerrito

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: El Cerrito

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16713863

* 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
Madera Elementary School Primary Regular 519 18 7
Madera Elementary School Middle Regular 519 18 7
El Cerrito High School High Regular 1,364 55 5

Madera Elementary School

  • Education Level: Primary
  • # of students: 519
  • # of teachers: 18
7
GreatSchools Rating

Madera Elementary School

  • Education Level: Middle
  • # of students: 519
  • # of teachers: 18
7
GreatSchools Rating

El Cerrito High School

  • Education Level: High
  • # of students: 1,364
  • # of teachers: 55
5
GreatSchools Rating
 

$674,100$823,900$749,000

PURCHASE PRICE

$3,294$4,026$3,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,660
EXPENSES Loan Payment -$2,763
Property Tax -$881
Property Insurance -$64
Property Management Fees -$179
CASH FLOW
-$227

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.

$749,000

PROJECTED PRICE

$3,660

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$52,394

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
  • $3,901

    COMP ESTIMATED VALUE
  • $2.59

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4753$3,5004$3,950
$3,950
RENT COMPS ANALYSIS
  • 6716 Hagen Blvd El Cerrito, CA 1
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1956
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3936 Potrero Ave Richmond, CA 2
    • 4 beds 2 baths ∙ 1,204 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,204 Sqft ∙ Built 1972
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,475
    • $2.89
    •  
  • 713 S 47th St Richmond, CA 3
    • 4 beds 2 baths ∙ 1,678 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,678 Sqft ∙ Built 1969
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.09
    •  
  • 7 Arlington Ave Kensington, CA 4
    • 3 beds 1 baths ∙ 1,416 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,416 Sqft ∙ Built 1949
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.79
    •  
PROPERTY LISTING DETAILS
Alissa Custer
Red Oak Realty
BESbswy