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1044 Park Hills Rd Berkeley, CA 94708

3 Beds 2 Baths 1,632 sqft Built 1941

$1,200,000

List Price

$3,970

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1941
  • Price/Sqft : $735.29
  • 6 Days on Market
  • MLS # : ML81821878
  • Updated Date : 12/02/2020 at 08:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,632 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Wonderful Park Hills location in Berkeley Hills. This single story, three bedroom, two full bathroom home, with attached garage, is close to Tilden Park and Lake Anza. Orginal hardwood floors and a brick fireplace. Expansive living room with formal dining and eat in kitchen. Quiet, private location with close proximity to restaurants and amenities. Walking distance to Crescent Park which has picnic tables and a playground. This home is ready for you to apply your own personal touches.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cragmont

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1305k

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

Neighborhood: Cragmont

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2200025003000350040004500Rent in $16714912

* 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
Washington Elementary School Primary Regular 468 23 7
Martin Luther King Jr. Middle School Middle Regular 957 48 8
Berkeley High School High Regular 3,182 166 8

Washington Elementary School

  • Education Level: Primary
  • # of students: 468
  • # of teachers: 23
7
GreatSchools Rating

Martin Luther King Jr. Middle School

  • Education Level: Middle
  • # of students: 957
  • # of teachers: 48
8
GreatSchools Rating

Berkeley High School

  • Education Level: High
  • # of students: 3,182
  • # of teachers: 166
8
GreatSchools Rating
 

$1,080,000$1,320,000$1,200,000

PURCHASE PRICE

$3,573$4,367$3,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,970
EXPENSES Loan Payment -$4,427
Property Tax -$1,418
Property Insurance -$67
HOA -$375
Property Management Fees -$195
CASH FLOW
-$2,511

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.

$1,200,000

PROJECTED PRICE

$3,970

PROJECTED RENT

0.33%

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$323,750

INVESTMENT

$323,750

Down Payment
$300,000
Rehab Estimate
$5,750
Closing Costs
$18,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $300,000
Loan Amount $900,000
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$17

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,970

    LIST RENT
  • $2.43

    LIST RENT PER SQFT
  • $4,292

    COMP ESTIMATED VALUE
  • $2.63

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$3,970
$3,970
RENT COMPS ANALYSIS
  • 1044 Park Hills Rd Berkeley, CA 2
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1941 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1941
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,970
    • $2.43
    •  
  • 1419 Grizzly Peak Blvd Berkeley, CA 1
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1955
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.63
    •  
PROPERTY LISTING DETAILS
Susan Boerner
Compass
BESbswy