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703 Moraga Rd Moraga, CA 94556

3 Beds 2 Baths 1,381 sqft Built 1958

$1,250,000

List Price

$3,440

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $905.14
  • 4 Days on Market
  • MLS # : CC40934037
  • Updated Date : 01/14/2021 at 13:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,381 sqft
  • Baths : 2 full
Listing Agent

Redfin

Listing Agent's Description

Incredible opportunity for prestigious Acalanes Schools in desirable Moraga! Located on a street of multiple millions dollar homes, this one provides a great opportunity and sits on nearly 1/3 of an acre lot with endless possibilities, including a second unit. Very private backyard setting with mature trees and privacy. Newly roofed in 2018 as well as new double panel milgard windows, new furnace, new insulation-blow-in wall insulation & attic, new vanity at master bathroom & water saving toilets, and upgraded durable luxury vinyl flooring in kitchen. Three spacious bedrooms and two bathrooms, cozy fireplace in the large living room and original hardwood floors. Three spacious bedrooms and a lot that could accommodate an ADU. Attached two-car garage with additional storage and gated area for RV or other drive in storage.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94556

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1307k

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

Zip Code: 94556

ZipNIR 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
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,096$3,784$3,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,440
EXPENSES Loan Payment -$4,342
Property Tax -$1,350
Property Insurance -$60
Property Management Fees -$169
CASH FLOW
-$2,480

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.

$1,250,000

PROJECTED PRICE

$3,440

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.6%
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$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,342

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$9

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
  • $3,443

    COMP ESTIMATED VALUE
  • $2.49

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,7003$4,0004$4,100
$4,100
RENT COMPS ANALYSIS
  • 703 Moraga Rd Moraga, CA 1
    • 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1501 Camino Peral Moraga, CA 2
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1973
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.57
    •  
  • 14 Donna Maria Way Orinda, CA 3
    • 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, CA 4
    • 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
Kelley Krock
Redfin
BESbswy