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1293 Queens Rd Berkeley, CA 94708

3 Beds 2 Baths 1,508 sqft Built 1968

INVESTimate

$1,295,000

List Price

$4,060

$3,810 - $4,310

Rent Est.

$1,408,571  ( +8.77%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1968
  • Price/Sqft : $858.75
  • 8 Days on Market
  • MLS # : EB40917223
  • Updated Date : 08/25/2020 at 10:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,508 sqft
  • Baths : 2 full
Listing Agent

The Grubb Co. Inc.

Listing Agent's Description

Elevated style defines this special home offering a bright, open living area, sparkling Bay views and very private terrace with surrounding gardens. Attached two-car garage extends to a large storage area. This home offers one level living at its finest in a peaceful neighborhood close to parks, UCB and transportation. https://www.1293queens.com

SEE MORE

PRICE & RENT TRENDS

Neighborhood: La Loma Park

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $273k1287k

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

Neighborhood: La Loma Park

ZipNIR Market*CityMarket2010Year20012019 Q2200025003000350040004500Rent in $16714981

* 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
Willard Middle School Middle Regular 561 28 7
Berkeley High School High Regular 3,182 166 8

Washington Elementary School

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

Willard Middle School

  • Education Level: Middle
  • # of students: 561
  • # of teachers: 28
7
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

$3,654$4,466$4,060

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-$40k-$30k-$20k-$10k$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$4.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,060
EXPENSES Loan Payment -$4,778
Property Tax -$1,543
Property Insurance -$64
Property Management Fees -$199
CASH FLOW
-$2,524

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

$4,060

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.77%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

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

$68

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,060

    LIST RENT
  • $2.69

    LIST RENT PER SQFT
  • $4,026

    COMP ESTIMATED VALUE
  • $2.67

    COMP AVG. RENT PER SQFT
Comps Range
$3,850
1$3,8502$4,060
$4,060
RENT COMPS ANALYSIS
  • 1293 Queens Rd Berkeley, 2
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $4,060
    • $2.69
    •  
  • 1419 Grizzly Peak Blvd Berkeley, 1
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1955
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $2.67
    •  
PROPERTY LISTING DETAILS
Bebe Mcrae
The Grubb Co. Inc.
BESbswy