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8 Cherry Hills Court Lafayette, CA 94549

4 Beds 2 Baths 1,707 sqft Built 1963

$928,000

List Price

$3,530

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $543.64
  • 5 Days on Market
  • MLS # : CC40931467
  • Updated Date : 12/12/2020 at 12:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,707 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Newly remodeled home in the very desirable Walnut Hills Country Club Estates Neighborhood of Lafayette. Practically every surface has been touched. New Kitchen with Stainless Steel Suite of Appliances, New Bathrooms, Windows, Doors, Hardware, Flooring, Baseboards and Trim, Designer Paint inside and out...the list goes on. A very impressive renovation. RV Parking. Central to Briones open space, parks, trails, shopping, dining, top-rated schools and more! Easy to tour.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94549

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $273k1441k

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

Zip Code: 94549

ZipNIR Market*CityMarket2010Year20012019 Q22000250030003500400045005000Rent in $16715037

* 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
Valhalla Elementary School Primary Regular 542 21 9
Valley View Middle School Middle Regular 835 38 6
College Park High School High Regular 2,022 81 9

Valhalla Elementary School

  • Education Level: Primary
  • # of students: 542
  • # of teachers: 21
9
GreatSchools Rating

Valley View Middle School

  • Education Level: Middle
  • # of students: 835
  • # of teachers: 38
6
GreatSchools Rating

College Park High School

  • Education Level: High
  • # of students: 2,022
  • # of teachers: 81
9
GreatSchools Rating
 

$835,200$1,020,800$928,000

PURCHASE PRICE

$3,177$3,883$3,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,530
EXPENSES Loan Payment -$3,424
Property Tax -$932
Property Insurance -$68
Property Management Fees -$173
CASH FLOW
-$1,067

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.

$928,000

PROJECTED PRICE

$3,530

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.8%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$251,670

INVESTMENT

$251,670

Down Payment
$232,000
Rehab Estimate
$5,750
Closing Costs
$13,920

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,424

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $232,000
Loan Amount $696,000
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$7,251

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,530

    LIST RENT
  • $2.07

    LIST RENT PER SQFT
  • $3,504

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$3,1003$3,5004$3,5305$3,900
$3,900
RENT COMPS ANALYSIS
  • 8 Cherry Hills Court Lafayette, CA 4
    • 4 beds 2 baths ∙ 1,707 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,707 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $3,530
    • $2.07
    •  
  • 357 Ridgeview Dr Pleasant Hill, CA 1
    • 3 beds 3 baths ∙ 1,403 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,403 Sqft ∙ Built 1972
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.92
    •  
  • 124 Elderwood Drive Pleasant Hill, CA 2
    • 4 beds 3 baths ∙ 1,496 Sqft ∙ Built 1967 4 beds 3 baths ∙ 1,496 Sqft ∙ Built 1967
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.07
    •  
  • 9 Del Rio Ct Lafayette, CA 3
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1963
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.10
    •  
  • 437 Donegal Way Lafayette, CA 5
    • 4 beds 3 baths ∙ 1,836 Sqft ∙ Built 1967 4 beds 3 baths ∙ 1,836 Sqft ∙ Built 1967
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.12
    •  
PROPERTY LISTING DETAILS
Sharry Chimienti
Compass
BESbswy