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6730 Glen Mawr El Cerrito, CA 94530

3 Beds 3 Baths 1,867 sqft Built 1950

INVESTimate

$990,000

List Price

$3,630

$3,380 - $3,880

Rent Est.

$1,083,753  ( +9.47%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1950
  • Price/Sqft : $530.26
  • 2 Days on Market
  • MLS # : MR40918156
  • Updated Date : 08/25/2020 at 19:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,867 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Home Services California Realty

Listing Agent's Description

Talk about lovely & versatile! This beautiful home features partial bay views & tons of outdoor space, including a peaceful courtyard providing privacy from the street. For those working at home or home schooling, it offers plenty of separate spaces for home offices or distance learning. The main level has 3 bedrooms & 1 full bath. Also on that level, the majority of the garage has been converted to a lovely studio/office space with bath (there is still storage in the front of the garage & 2 parking spaces in the driveway). Downstairs, you will find a nice family room that comes complete with a built in bed and another bath, plus, a separate laundry room! The living/dining areas are spacious & look out to the view through wall to wall windows and a sliding glass door which leads to a huge deck. The kitchen is well laid out and very functional. The entire house is light and bright with windows galore. And, it has a brand new roof!! Walking distance to Bart & Shopping!

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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
 

$891,000$1,089,000$990,000

PURCHASE PRICE

$3,267$3,993$3,630

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,630
EXPENSES Loan Payment -$3,653
Property Tax -$1,165
Property Insurance -$67
Property Management Fees -$178
CASH FLOW
-$1,432

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.

$990,000

PROJECTED PRICE

$3,630

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.47%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$268,100

INVESTMENT

$268,100

Down Payment
$247,500
Rehab Estimate
$5,750
Closing Costs
$14,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,653

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $247,500
Loan Amount $742,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$947

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,630

    LIST RENT
  • $2.22

    LIST RENT PER SQFT
  • $2,832

    COMP ESTIMATED VALUE
  • $1.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$3,3503$3,630
$3,630
RENT COMPS ANALYSIS
  • 6730 Glen Mawr El Cerrito, 3
    • 3 beds 3 baths ∙ 1,637 Sqft ∙ Built 1950 3 beds 3 baths ∙ 1,637 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $3,630
    • $2.22
    •  
  • 814 Sonoma St Richmond, 1
    • 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1961 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1961
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.33
    •  
  • 812 Liberty St El Cerrito, 2
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1939 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1939
    LEASED 04/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.13
    •  
PROPERTY LISTING DETAILS
Kathy Wall
Berkshire Hathaway Home Services California Realty
BESbswy