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1313 Stannage Ave Berkeley, CA 94702

3 Beds 2 Baths 1,225 sqft Built 1957

INVESTimate

$1,018,000

List Price

$3,340

$3,090 - $3,590

Rent Est.

$1,144,436  ( +12.42%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1957
  • Price/Sqft : $831.02
  • 7 Days on Market
  • MLS # : CC40917602
  • Updated Date : 08/20/2020 at 16:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,225 sqft
  • Baths : 2 full
Listing Agent

Realty World Regency

Listing Agent's Description

Berkeley in "WESTBRAE" Community walking distance to all great retail off Gilman. Home built in 1957. This Charming and spacious two story updated home features 3 Full size bedrooms, 2 Updated baths, Laminate & Wood flooring, Spacious Living Room & Dining area. Fresh interior & exterior paint, window treatments. Updated Kitchen, Laundry in kitchen. Newer Windows, Wall furnace. Low maintenance landscaping. Attached 1 car garage w/driveway parking. Walk able neighborhood, near public transportation & CAL BERKELEY. Best of all it can be all yours.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westbrae

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $273k1200k

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

Neighborhood: Westbrae

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21600180020002200240026002800300032003400360038004000Rent in $16004198

* 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
Jefferson Elementary School Primary Regular 392 19 8
Martin Luther King Jr. Middle School Middle Regular 957 48 8
Berkeley High School High Regular 3,182 166 8

Jefferson Elementary School

  • Education Level: Primary
  • # of students: 392
  • # of teachers: 19
8
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
 

$916,200$1,119,800$1,018,000

PURCHASE PRICE

$3,006$3,674$3,340

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-$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$3.5M$4.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,340
EXPENSES Loan Payment -$3,756
Property Tax -$1,213
Property Insurance -$57
Property Management Fees -$164
CASH FLOW
-$1,849

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.

$1,018,000

PROJECTED PRICE

$3,340

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.42%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$275,520

INVESTMENT

$275,520

Down Payment
$254,500
Rehab Estimate
$5,750
Closing Costs
$15,270

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $254,500
Loan Amount $763,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$88

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,148

    COMP ESTIMATED VALUE
  • $2.57

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,800
$2,800
RENT COMPS ANALYSIS
  • 1313 Stannage Ave Berkeley, 1
    • 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 702 Solano Ave Albany, 2
    • 3 beds 1 baths ∙ 1,089 Sqft ∙ Built 1941 3 beds 1 baths ∙ 1,089 Sqft ∙ Built 1941
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.57
    •  
PROPERTY LISTING DETAILS
Viktor Manrique
Realty World Regency
BESbswy