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1230 66th St Berkeley, CA 94702

2 Beds 2 Baths 1,196 sqft Built 1926

INVESTimate

$898,000

List Price

$3,080

$2,830 - $3,330

Rent Est.

$998,396  ( +11.18%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1926
  • Price/Sqft : $750.84
  • 8 Days on Market
  • MLS # : EB40917388
  • Updated Date : 08/20/2020 at 10:46
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,196 sqft
  • Baths : 2 full
Listing Agent

Zip Code East Bay

Listing Agent's Description

Stunning 2BR/2BA Urban Farmhouse with period charm and modern amenities for today's lifestyle. The bright living areas have been expanded into an open floor plan accentuated by the original built-ins, fireplace & hardwood floors. The modern, eat-in kitchen features quartz countertops, built-in bench seating & new stainless-steel appliances. The primary bedroom accommodates a work/study area, plus an ensuite bathroom with custom wood counters & walk-in shower with dual heads. The second bedroom has a large walk-in closet and easy access to the updated hall bathroom with a deep tub & overhead shower for guests or kids. The sunny, south facing backyard is highlighted by mature fruit trees, a shed for storage or possible ADU, chicken coop & raised garden beds. The large basement includes a laundry area, copious storage, as well as the promise of expanding or lifting the house. Enjoy nearby access to Ashby BART, SF by Transbay F bus, Berkeley Bowl West, 4th Street, Emeryville & Temescal.

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PRICE & RENT TRENDS

Zip Code: 94702

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $273k1200k

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

Zip Code: 94702

ZipNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16134198

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$808,200$987,800$898,000

PURCHASE PRICE

$2,772$3,388$3,080

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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$3,313
Property Tax -$1,074
Property Insurance -$56
Property Management Fees -$151
CASH FLOW
-$1,514

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.

$898,000

PROJECTED PRICE

$3,080

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.18%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,720

INVESTMENT

$243,720

Down Payment
$224,500
Rehab Estimate
$5,750
Closing Costs
$13,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,313

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,500
Loan Amount $673,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$99

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,080

    LIST RENT
  • $2.58

    LIST RENT PER SQFT
  • $3,050

    COMP ESTIMATED VALUE
  • $2.55

    COMP AVG. RENT PER SQFT
Comps Range
$2,575
1$2,5752$2,6503$3,0004$3,080
$3,080
RENT COMPS ANALYSIS
  • 1230 66th St Berkeley, 4
    • 2 beds 2 baths ∙ 1,196 Sqft ∙ Built 1926 2 beds 2 baths ∙ 1,196 Sqft ∙ Built 1926
    • Rent
    • Rent Per SQFT
    •  
    • $3,080
    • $2.58
    •  
  • 1039 57th Street A Oakland, 1
    • 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1910 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1910
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $2.58
    •  
  • 1018 Stanford Ave C Oakland, 2
    • 2 beds 1 baths ∙ 1,100 Sqft ∙ Built 1946 2 beds 1 baths ∙ 1,100 Sqft ∙ Built 1946
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.41
    •  
  • 5447 Lawton Ave Oakland, 3
    • 2 beds 1 baths ∙ 1,127 Sqft ∙ Built 1912 2 beds 1 baths ∙ 1,127 Sqft ∙ Built 1912
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.66
    •  
PROPERTY LISTING DETAILS
Joshua Dickinson
Zip Code East Bay
BESbswy