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1411 Acroft Court Berkeley, CA 94702

2 Beds 1 Baths 1,290 sqft Built 1945

INVESTimate

$1,050,000

List Price

$3,380

$3,130 - $3,630

Rent Est.

$284,000

Investment Est.

$1,152,795 ( +9.79%) 1 YR EST. FORECAST

AVAILABLE

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AVAILABLE

1 YEAR
Gross Yield	3.86%
NOI	$17,924

15 YEAR
Yield	-1.65%
Appreciation	4.87%
TOTAL RETURN	21.86%

PROPERTY INFO

August 26, 2020 RECENTLY ADDED

FACTS

Built In 1945
Price/Sqft : $813.95
2 Days on Market
MLS # : EB40918206
Updated Date : 08/25/2020 at 22:25

CONSTRUCTION

Beds : 2
Floor Size : 1,290 sqft
Baths : 1 full

Listing Agent

Compass

Listing Agent's Description

2+bedrooms in this adorable 40s bungalow on coveted Acroft Court. Many recent upgrades: full remodeled chef's kitchen plus island; stainless appliances and newer washer/dryer included. Newer electrical; interior access to garage; dual paned windows; dark stained floors; additional middle room with closet connects with primary bedroom and is ideal for home office, TV space, guest room Rear bedrooms are large, one with double door closet and door to back garden; mature trees; great paver brick patio and a veranda! underground drainage system installed; this is a one level home with minimal steps up at front and back on a cul-de-sac; Raised bed tomatoes flourishing! Near lawn bowling club!

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1411 Acroft Ct

Berkeley, California

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Neighborhood: Poet's Corner

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

Neighborhood: Poet's Corner

* 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

GreatSchools Rating

Martin Luther King Jr. Middle School

Education Level: Middle
# of students: 957
# of teachers: 48

GreatSchools Rating

Berkeley High School

Education Level: High
# of students: 3,182
# of teachers: 166

GreatSchools Rating

FINANCIALS

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$945,000$1,155,00000$1,050,000

PURCHASE PRICE

$3,042$3,71800$3,380

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$3,380
EXPENSES	Loan Payment	-$3,874
	Property Tax	-$1,251
	Property Insurance	-$58
	Property Management Fees	-$166




CASH FLOW -$1,969

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.

$1,050,000

PROJECTED PRICE

$3,380

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	5.00%
Appreciation Year (1-5)	9.79%
Maintenance Year (1-5)	8.00%
Vacancy	5.09%
Length of Stay Years	2

TOTAL CASH OUT OF POCKET

INVESTMENT

$284,000

Down Payment	$262,500
Rehab Estimate	$5,750
Closing Costs	$15,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,874

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$262,500
Loan Amount	$787,500

See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$70

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

$3,109
COMP ESTIMATED VALUE
$2.41
COMP AVG. RENT PER SQFT

Comps Range

1$02$2,650

$2,650

RENT COMPS ANALYSIS

1,290
PROPERTY SQFT
$2.41
AVG RENT PER SQFT
$3,109
ESTIMATED VALUE
$0
LIST RENT

1411 Acroft Court Berkeley, 5

2 beds 1 baths ∙ 1,290 Sqft ∙ Built 1945 2 beds 1 baths ∙ 1,290 Sqft ∙ Built 1945
Price

Price Per SQFT

$1,050,000

$813.95
1715 Sacramento St Berkeley, 1

2 beds 1 baths ∙ 1,181 Sqft ∙ Built 1924 2 beds 1 baths ∙ 1,181 Sqft ∙ Built 1924
SOLD 07/27/20
Price

Price Per SQFT

$1,007,350

$852.96
1290 Bancroft Way Berkeley, 2

2 beds 1 baths ∙ 1,195 Sqft ∙ Built 1929 2 beds 1 baths ∙ 1,195 Sqft ∙ Built 1929
SOLD 11/27/19
Price

Price Per SQFT

$1,015,000

$849.37
1734 Lincoln St Berkeley, 3

2 beds 1 baths ∙ 1,145 Sqft ∙ Built 1920 2 beds 1 baths ∙ 1,145 Sqft ∙ Built 1920
SOLD 07/13/20
Price

Price Per SQFT

$1,050,000

$917.03
28 Hopkins Ct Berkeley, 4

2 beds 2 baths ∙ 1,369 Sqft ∙ Built 1928 2 beds 2 baths ∙ 1,369 Sqft ∙ Built 1928
SOLD 08/07/20
Price

Price Per SQFT

$1,050,000

$766.98

1411 Acroft Court Berkeley, 1

2 beds 1 baths ∙ 1,290 Sqft ∙ Built 1945 2 beds 1 baths ∙ 1,290 Sqft ∙ Built 1945
Rent

Rent Per SQFT

$0

$0.00
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

PROPERTY LISTING DETAILS

Ira Serkes
Compass

1411 Acroft Court Berkeley, CA 94702

INVESTimate

$1,050,000

$3,380

$284,000

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

PRICE & RENT TRENDS

SCHOOLS

Washington Elementary School

Martin Luther King Jr. Middle School

Berkeley High School

FINANCIALS

$945,000$1,155,00000$1,050,000

$3,042$3,71800$3,380

Acquisition Concierge

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$1,050,000

$3,380

0.32%

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$3,874

0.08

$70

$1,050,000

$813.95

$1,092,095

$846.59

COMPS RANGE

PRICE COMPS ANALYSIS

$0

$0

$3,109

$2.41

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS