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70 Coral Dr Orinda, CA 94563

3 Beds 2 Baths 1,419 sqft Built 1958

INVESTimate

$998,000

List Price

$3,930

$3,680 - $4,180

Rent Est.

$1,061,772  ( +6.39%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1958
  • Price/Sqft : $703.31
  • 6 Days on Market
  • MLS # : CC40917703
  • Updated Date : 08/21/2020 at 20:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,419 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker

Listing Agent's Description

CHARMING FAIRY TALE SETTING. This beautiful single level 3bed /2baths home with a flat yard has it all. The welcoming front porch overlooks lush yard. The family room w/ embracing brick fireplace is open to the private backyard. The kitchen looks out on the front yard and is equipped with gourmet stainless steel appliances and opens to the formal dining room which also has sliding doors to the backyard dining and entertaining areas. The floor plan has a perfect flow fostering the joy of living. The 3 large bedrooms include a master suite a second room with its own private deck and gorgeous views and the third bedroom has double doors. Corner lot provides more privacy. The landscaping aims for minimal maintenance with maximum utility and is perfect for entertaining, resting and relaxing, and appreciating the garden. Stone's throw from k-12 award winning schools, walking trails, tennis courts, local pool, shopping areas and easy commute access.

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PRICE & RENT TRENDS

Neighborhood: Ivy Drive

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $273k1476k

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

Neighborhood: Ivy Drive

NeighborhoodNIR Market*CityMarket2010Year20012019 Q22000250030003500400045005000Rent in $16715428

* 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
Del Rey Elementary School Primary Regular 399 20 9
Orinda Intermediate School Middle Regular 907 43 10
Miramonte High School High Regular 1,155 58 9

Del Rey Elementary School

  • Education Level: Primary
  • # of students: 399
  • # of teachers: 20
9
GreatSchools Rating

Orinda Intermediate School

  • Education Level: Middle
  • # of students: 907
  • # of teachers: 43
10
GreatSchools Rating

Miramonte High School

  • Education Level: High
  • # of students: 1,155
  • # of teachers: 58
9
GreatSchools Rating
 

$898,200$1,097,800$998,000

PURCHASE PRICE

$3,537$4,323$3,930

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-$20k-$10k$0.0$10k$20k

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 $3,930
EXPENSES Loan Payment -$3,682
Property Tax -$1,067
Property Insurance -$61
Property Management Fees -$193
CASH FLOW
-$1,074

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.

$998,000

PROJECTED PRICE

$3,930

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.39%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,220

INVESTMENT

$270,220

Down Payment
$249,500
Rehab Estimate
$5,750
Closing Costs
$14,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,682

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,500
Loan Amount $748,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$10,666

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,930

    LIST RENT
  • $2.77

    LIST RENT PER SQFT
  • $3,349

    COMP ESTIMATED VALUE
  • $2.36

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,9303$4,0004$4,0005$4,100
$4,100
RENT COMPS ANALYSIS
  • 70 Coral Dr Orinda, 2
    • 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,419 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $3,930
    • $2.77
    •  
  • 1461 Camino Peral Moraga, 1
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1973
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.22
    •  
  • 1103 Larch Ave Moraga, 3
    • 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 1960
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.31
    •  
  • 14 Donna Maria Way Orinda, 4
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1952
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.35
    •  
  • 5 Thune Ave Moraga, 5
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1960
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.56
    •  
PROPERTY LISTING DETAILS
Vlatka Bathgate
Coldwell Banker
BESbswy