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1204 Walnut Street Berkeley, CA 94709

4 Beds 2 Baths 1,722 sqft Built 1928

$1,295,000

List Price

$4,070

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

December 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1928
  • Price/Sqft : $752.03
  • 7 Days on Market
  • MLS # : EB40931290
  • Updated Date : 12/08/2020 at 12:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,722 sqft
  • Baths : 1 full , 1 half
Listing Agent

Golden Gate Sothebys International Realty

Listing Agent's Description

First time ever on the market since it was built in 1928. This home is located in a sought-after location in North Berkeley; close to Live Oak Park, Gourmet Ghetto, farmer's market, UC Berkeley, downtown Bart, express San Francisco bus, and more. Very light and bright, with a large living room, family room, formal dining room, and breakfast room. The Original Okeefe&Merritt stove adds to the old world charm of the kitchen; while the intimate adjacent breakfast room creates a warm and cozy environment. The large living room overlooks the lovely backyard. Beautiful hardwood floors, 3 bedrooms, 1 bath upstairs, 1 bedroom, partial bath and family room downstairs. The family room has access to the backyard. Public records show this property as a 5 bed/2 bath.

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PRICE & RENT TRENDS

Neighborhood: North Berkeley

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $273k1289k

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

Neighborhood: North Berkeley

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16224198

* 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
 

$1,165,500$1,424,500$1,295,000

PURCHASE PRICE

$3,663$4,477$4,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,070
EXPENSES Loan Payment -$4,778
Property Tax -$1,543
Property Insurance -$69
Property Management Fees -$199
CASH FLOW
-$2,519

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.

$1,295,000

PROJECTED PRICE

$4,070

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.3%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$348,925

INVESTMENT

$348,925

Down Payment
$323,750
Rehab Estimate
$5,750
Closing Costs
$19,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,778

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $323,750
Loan Amount $971,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$69

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,070

    LIST RENT
  • $2.36

    LIST RENT PER SQFT
  • $5,252

    COMP ESTIMATED VALUE
  • $3.05

    COMP AVG. RENT PER SQFT
Comps Range
$4,070
1$4,0702$4,2993$4,725
$4,725
RENT COMPS ANALYSIS
  • 1204 Walnut Street Berkeley, CA 1
    • 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 1928 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 1928
    • Rent
    • Rent Per SQFT
    •  
    • $4,070
    • $2.36
    •  
  • 1010 Cragmont 2 Berkeley, CA 2
    • 3 beds 1 baths ∙ 1,428 Sqft ∙ Built 1916 3 beds 1 baths ∙ 1,428 Sqft ∙ Built 1916
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,299
    • $3.01
    •  
  • 510 Evelyn Ave Albany, CA 3
    • 4 beds 3 baths ∙ 1,531 Sqft ∙ Built 1931 4 beds 3 baths ∙ 1,531 Sqft ∙ Built 1931
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,725
    • $3.09
    •  
PROPERTY LISTING DETAILS
Nahid Nassiri
Golden Gate Sothebys International Realty
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