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140 Panoramic Way Berkeley, CA 94704

3 Beds 2 Baths 2,322 sqft Built 1976

INVESTimate

$1,395,000

List Price

$4,410

$4,160 - $4,660

Rent Est.

$1,445,360  ( +3.61%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $600.78
  • 6 Days on Market
  • MLS # : MR40917661
  • Updated Date : 08/21/2020 at 11:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,322 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Beautiful, tri-level home in prominent Southside neighborhood with 3 bedroom and 2 baths. Foyer entry leads downstairs to the second level containing 2 bedrooms and 1 full bathroom. Walk down the stairs to the first level to a bright, spacious living & dining combo. Through the large glass doors you will see an open deck with beautiful, sweeping views of Downtown SF and South Bay. A large kitchen, 1 bedroom and 1 bath complete this floor. There is a cellar & extra storage room. Privacy and serenity are the keys for this property.

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PRICE & RENT TRENDS

Neighborhood: Panoramic Hill

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1329k

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

Neighborhood: Panoramic Hill

NeighborhoodNIR Market*CityMarket2010Year20012019 Q214001600180020002200240026002800300032003400360038004000Rent in $13174198

* 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
Emerson Elementary School Primary Regular 295 14 7
Willard Middle School Middle Regular 561 28 7
Berkeley High School High Regular 3,182 166 8

Emerson Elementary School

  • Education Level: Primary
  • # of students: 295
  • # of teachers: 14
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
 

$1,255,500$1,534,500$1,395,000

PURCHASE PRICE

$3,969$4,851$4,410

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,410
EXPENSES Loan Payment -$5,147
Property Tax -$1,662
Property Insurance -$83
Property Management Fees -$216
CASH FLOW
-$2,698

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.

$1,395,000

PROJECTED PRICE

$4,410

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 3.61%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$375,425

INVESTMENT

$375,425

Down Payment
$348,750
Rehab Estimate
$5,750
Closing Costs
$20,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,147

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $348,750
Loan Amount $1,046,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$80

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
  • $5,596

    COMP ESTIMATED VALUE
  • $2.41

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$6,000
$6,000
RENT COMPS ANALYSIS
  • 140 Panoramic Way Berkeley, 1
    • 3 beds 2 baths ∙ 2,322 Sqft ∙ Built 1976 3 beds 2 baths ∙ 2,322 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3 Senior Ave Berkeley, 2
    • 3 beds 4 baths ∙ 2,488 Sqft ∙ Built 1969 3 beds 4 baths ∙ 2,488 Sqft ∙ Built 1969
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $2.41
    •  
PROPERTY LISTING DETAILS
Doris Wong
Compass
BESbswy