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6918 Moeser Ln El Cerrito, CA 94530

4 Beds 2 Baths 1,622 sqft Built 1940

$865,000

List Price

$4,240

$4K - $4.5K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1940
  • Price/Sqft : $533.29
  • 3 Days on Market
  • MLS # : EB40929195
  • Updated Date : 11/13/2020 at 12:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,622 sqft
  • Baths : 2 full
Listing Agent

Red Oak Realty

Listing Agent's Description

If walls could talk.this spacious El Cerrito home's walls would sing with the joy of this family's children, grandchildren and great-grandkids running through the house. Lovingly lived in for over 60 years, this home is cosmetically ready for an update yet perfectly livable and set up for many people. With over 1,600 square feet, 4 bedrooms, 2 baths, attached 1-car garage, backyard with mature roses and fruit trees, large laundry room with space for an office, studio or play space and a large bonus shed, all waiting for you to make your own memories. In a prime El Cerrito location close to EC Plaza BART, Swim Center, Library, schools, shopping, public transportation, and more; your leisure, commute and shopping are easy as can be.

SEE MORE

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
Fairmont Elementary School Primary Regular 569 21 4
Fred T. Korematsu Middle School Middle Regular 539 23 5
El Cerrito High School High Regular 1,364 55 5

Fairmont Elementary School

  • Education Level: Primary
  • # of students: 569
  • # of teachers: 21
4
GreatSchools Rating

Fred T. Korematsu Middle School

  • Education Level: Middle
  • # of students: 539
  • # of teachers: 23
5
GreatSchools Rating

El Cerrito High School

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

$778,500$951,500$865,000

PURCHASE PRICE

$3,816$4,664$4,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,240
EXPENSES Loan Payment -$3,191
Property Tax -$1,018
Property Insurance -$66
Property Management Fees -$208
CASH FLOW
-$243

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.

$865,000

PROJECTED PRICE

$4,240

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$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$234,975

INVESTMENT

$234,975

Down Payment
$216,250
Rehab Estimate
$5,750
Closing Costs
$12,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,191

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $216,250
Loan Amount $648,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$62,832

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,240

    LIST RENT
  • $2.61

    LIST RENT PER SQFT
  • $4,550

    COMP ESTIMATED VALUE
  • $2.8

    COMP AVG. RENT PER SQFT
Comps Range
$3,950
1$3,9502$4,2403$4,950
$4,950
RENT COMPS ANALYSIS
  • 6918 Moeser Ln El Cerrito, CA 2
    • 4 beds 2 baths ∙ 1,622 Sqft ∙ Built 1940 4 beds 2 baths ∙ 1,622 Sqft ∙ Built 1940
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,240
    • $2.61
    •  
  • 7 Arlington Ave Kensington, CA 1
    • 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
    •  
  • 22 Sunset Dr Kensington, CA 3
    • 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1953
    property image
    LEASED 05/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $2.82
    •  
PROPERTY LISTING DETAILS
Marni Fischer
Red Oak Realty
BESbswy