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852 Gelston Place El Cerrito, CA 94530

4 Beds 2 Baths 2,030 sqft Built 1960

$998,000

List Price

$4,920

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
FACTS
  • Built In 1960
  • Price/Sqft : $491.63
  • 5 Days on Market
  • MLS # : EB40926784
  • Updated Date : 11/02/2020 at 13:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,030 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

First time on the market, this state of the art 60's home exudes a sweet sitcom vibe. Cosmetic fixer. We have done some fluffing, however the original details are in tact. Living room has floor to ceiling brick fireplace, rich wood floors and vaulted beamed ceilings. Split level to open dining room, spacious kitchen and adjoins oversized breakfast/family area with a slider leading to patio and lush garden. Main level has principal bedroom with bath and walk-in closet. Split level to two additional bedrooms, hall bath and laundry. Stairs up to expansive bedroom with tremendous possibilities (Master retreat?) with big bay views. Sited on a cul-de-sac. Minutes to Central Plaza and BART, 10 minutes to Cal. , Berkeley and 30 min. to the S.F. Perfect home to live in while making it your own. It has a long and happy history with the family who resided here for generations, ready for a new chapter!

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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
Kensington Elementary School Primary Regular 514 19 9
Kensington Elementary School Middle Regular 514 19 9
El Cerrito High School High Regular 1,364 55 5

Kensington Elementary School

  • Education Level: Primary
  • # of students: 514
  • # of teachers: 19
9
GreatSchools Rating

Kensington Elementary School

  • Education Level: Middle
  • # of students: 514
  • # of teachers: 19
9
GreatSchools Rating

El Cerrito High School

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

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

PURCHASE PRICE

$4,428$5,412$4,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,920
EXPENSES Loan Payment -$3,682
Property Tax -$1,174
Property Insurance -$76
Property Management Fees -$241
CASH FLOW
-$253

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

$4,920

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$3.5M

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$3.5M

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 50% 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

5.67

YEARS SAVED

$75,530

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
  • $5,725

    COMP ESTIMATED VALUE
  • $2.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,950
$4,950
RENT COMPS ANALYSIS
  • 852 Gelston Place El Cerrito, CA 1
    • 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1960 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 22 Sunset Dr Kensington, CA 2
    • 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1953
    LEASED 05/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $2.82
    •  
PROPERTY LISTING DETAILS
Ruth Frassetto
Compass
BESbswy