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149 Strathmoor Dr Berkeley, CA 94705

3 Beds 2 Baths 1,951 sqft Built 1994

INVESTimate

$1,499,000

List Price

$4,690

$4,440 - $4,940

Rent Est.

$1,617,871  ( +7.93%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $768.32
  • 7 Days on Market
  • MLS # : EB40917082
  • Updated Date : 08/24/2020 at 15:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,951 sqft
  • Baths : 2 full
Listing Agent

The Grubb Co. Inc.

Listing Agent's Description

The ultimate view. Rarely do we find a smaller house with all the pizzazz and style of the larger homes surrounding it. Built at the very top of the hill is this pristine and immaculate home with a perfect view from nearly every room. Updated kitchen, modern and efficient with adjoining open dining room and living room, all of which feature this huge, stunning view. Most rooms open onto wrap-around decks. bedrooms are gracious and bright, an additional office provides the now seemingly essential work from home space. Loads and loads and loads of storage, two car garage. Probable build out possibilities below. Please review 3-D virtual tour at http://149strathmoor.com/unbranded

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PRICE & RENT TRENDS

Neighborhood: Claremont Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1323k

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

Neighborhood: Claremont Hills

NeighborhoodNIR Market*CityMarket2010Year20012019 Q220002500300035004000450050005500Rent in $16715804

* 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
Chabot Elementary School Primary Regular 573 22 10
Hillcrest Elementary School Middle Regular 359 15 10
Oakland High School High Regular 1,515 67 5

Chabot Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 22
10
GreatSchools Rating

Hillcrest Elementary School

  • Education Level: Middle
  • # of students: 359
  • # of teachers: 15
10
GreatSchools Rating

Oakland High School

  • Education Level: High
  • # of students: 1,515
  • # of teachers: 67
5
GreatSchools Rating
 

$1,349,100$1,648,900$1,499,000

PURCHASE PRICE

$4,221$5,159$4,690

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,690
EXPENSES Loan Payment -$5,531
Property Tax -$1,799
Property Insurance -$74
Property Management Fees -$230
CASH FLOW
-$2,944

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.

$1,499,000

PROJECTED PRICE

$4,690

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.93%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$402,985

INVESTMENT

$402,985

Down Payment
$374,750
Rehab Estimate
$5,750
Closing Costs
$22,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $374,750
Loan Amount $1,124,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$72

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,690

    LIST RENT
  • $2.4

    LIST RENT PER SQFT
  • $4,634

    COMP ESTIMATED VALUE
  • $2.38

    COMP AVG. RENT PER SQFT
Comps Range
$4,690
1$4,6902$4,7503$4,800
$4,800
RENT COMPS ANALYSIS
  • 149 Strathmoor Dr Berkeley, 1
    • 3 beds 2 baths ∙ 1,951 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,951 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,690
    • $2.40
    •  
  • 6445 Thornhill Dr Oakland, 2
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1979
    property image
    LEASED 02/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $2.55
    •  
  • 7727 Claremont Ave Berkeley, 3
    • 4 beds 4 baths ∙ 2,182 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,182 Sqft ∙ Built 1999
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $2.20
    •  
PROPERTY LISTING DETAILS
Carolyn Jones
The Grubb Co. Inc.
BESbswy