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81 Los Cerros Pl Walnut Creek, CA 94598

3 Beds 2 Baths 1,450 sqft Built 1956

$1,150,000

List Price

$3,150

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $793.10
  • 3 Days on Market
  • MLS # : CC40931702
  • Updated Date : 12/11/2020 at 13:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,450 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Come and see this amazing Eichler style home in the sought after neighborhood of San Miguel in Walnut Creek! Updated kitchen featuring stainless steel appliances, generous counter top space, fine cabinetry & a built bar top. Open concept design that flows from living room to the dining room. Glass slider & large windows to the backyard. Additional room in the front can be used for distance learning, work from home, play. Updated Fujitsu AC units operated by remote control in all 3 bedrooms & in the main living area. Rich laminate flooring shines throughout the home. Radiant heat in floors. Lots of natural light in the home through skylights & windows. Beautiful plantation shutters on multiple windows! Laundry units in hallway. One car garage with workshop area. This home is perfect for entertaining guests. Patio areas in both the front & back of the property. Large deck for relaxation and lawn area for play. Close to great schools, shopping center, parks, playgrounds, and restaurants!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho San Miguel

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1090k

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

Neighborhood: Rancho San Miguel

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714076

* 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
Walnut Acres Elementary School Primary Regular 625 23 9
Foothill Middle School Middle Regular 1,014 40 9
Northgate High School High Regular 1,671 67 10

Walnut Acres Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 23
9
GreatSchools Rating

Foothill Middle School

  • Education Level: Middle
  • # of students: 1,014
  • # of teachers: 40
9
GreatSchools Rating

Northgate High School

  • Education Level: High
  • # of students: 1,671
  • # of teachers: 67
10
GreatSchools Rating
 

$1,035,000$1,265,000$1,150,000

PURCHASE PRICE

$2,835$3,465$3,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,150
EXPENSES Loan Payment -$4,243
Property Tax -$1,197
Property Insurance -$62
Property Management Fees -$154
CASH FLOW
-$2,507

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.

$1,150,000

PROJECTED PRICE

$3,150

PROJECTED RENT

0.27%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.2%
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$310,500

INVESTMENT

$310,500

Down Payment
$287,500
Rehab Estimate
$5,750
Closing Costs
$17,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,243

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $287,500
Loan Amount $862,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$22

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
  • $3,150

    COMP ESTIMATED VALUE
  • $2.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,1004$3,7005$3,800
$3,800
RENT COMPS ANALYSIS
  • 81 Los Cerros Pl Walnut Creek, CA 1
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1956
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14 Sierra Ln Walnut Creek, CA 2
    • 3 beds 3 baths ∙ 1,312 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,312 Sqft ∙ Built 1973
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.29
    •  
  • 1537 Siskiyou Dr Walnut Creek, CA 3
    • 3 beds 3 baths ∙ 1,578 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,578 Sqft ∙ Built 1972
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.96
    •  
  • 112 Marchbanks Ct Walnut Creek, CA 4
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1972
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.29
    •  
  • 1274 Claiborne Dr Walnut Creek, CA 5
    • 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 1964
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.15
    •  
PROPERTY LISTING DETAILS
Jason Moon
Keller Williams Realty
BESbswy