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884 Acalanes Rd Lafayette, CA 94549

3 Beds 2 Baths 1,922 sqft Built 1965

INVESTimate

$1,365,000

List Price

$4,580

$4,330 - $4,830

Rent Est.

$1,472,016  ( +7.84%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1965
  • Price/Sqft : $710.20
  • 8 Days on Market
  • MLS # : CC40917345
  • Updated Date : 08/22/2020 at 17:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,922 sqft
  • Baths : 2 full
Listing Agent

Village Associates Real Estate

Listing Agent's Description

Set way back and off Acalanes Road in a private cul de sac setting this home boasts a timeless mid-century modern design with a highly functional layout fit for any homeowner. Upon entering the foyer you immediately fall in love with this wonderful 1922 sq. ft. family home with an expansive main level floor plan including a spacious living room, formal dining room, gourmet kitchen, master bedroom and 2 additional bedrooms. The lower level of the home has a laundry room and mudroom with access to the two car garage. � The house offers a newly remodeled kitchen for all your cooking and entertaining needs with a great indoor-outdoor flow. Enjoy this fully fenced landscaped property with a lawn, level play area, terraced gardens, and patios for entertaining, relaxing and play! A backyard staircase leads to a gated second access to the property located off Glorietta Blvd, perfect for additional guest parking and entry to your backyard parties

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
Happy Valley Elementary School Primary Regular 535 22 10
M. H. Stanley Middle School Middle Regular 1,178 52 10
Acalanes High School High Regular 1,396 69 10

Happy Valley Elementary School

  • Education Level: Primary
  • # of students: 535
  • # of teachers: 22
10
GreatSchools Rating

M. H. Stanley Middle School

  • Education Level: Middle
  • # of students: 1,178
  • # of teachers: 52
10
GreatSchools Rating

Acalanes High School

  • Education Level: High
  • # of students: 1,396
  • # of teachers: 69
10
GreatSchools Rating
 

$1,228,500$1,501,500$1,365,000

PURCHASE PRICE

$4,122$5,038$4,580

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$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

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$4.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,580
EXPENSES Loan Payment -$5,036
Property Tax -$1,432
Property Insurance -$74
Property Management Fees -$224
CASH FLOW
-$2,187

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.

$1,365,000

PROJECTED PRICE

$4,580

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.84%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$367,475

INVESTMENT

$367,475

Down Payment
$341,250
Rehab Estimate
$5,750
Closing Costs
$20,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$5,036

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $341,250
Loan Amount $1,023,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$305

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,580

    LIST RENT
  • $2.38

    LIST RENT PER SQFT
  • $4,626

    COMP ESTIMATED VALUE
  • $2.41

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,5803$5,0004$5,700
$5,700
RENT COMPS ANALYSIS
  • 884 Acalanes Rd Lafayette, 2
    • 3 beds 2 baths ∙ 1,922 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,922 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $4,580
    • $2.38
    •  
  • 23 Hall Dr Orinda, 1
    • 4 beds 2 baths ∙ 1,806 Sqft ∙ Built 1952 4 beds 2 baths ∙ 1,806 Sqft ∙ Built 1952
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.21
    •  
  • 32 Diablo Cir Lafayette, 3
    • 4 beds 3 baths ∙ 2,081 Sqft ∙ Built 1956 4 beds 3 baths ∙ 2,081 Sqft ∙ Built 1956
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.40
    •  
  • 8 Fleetwood Court Orinda, 4
    • 4 beds 2 baths ∙ 2,186 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,186 Sqft ∙ Built 1973
    LEASED 03/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,700
    • $2.61
    •  
PROPERTY LISTING DETAILS
Ann Sharf
Village Associates Real Estate
BESbswy