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1519 Carleton Berkeley, CA 94703

2 Beds 1 Baths 1,108 sqft Built 1922

INVESTimate

$750,089

List Price

$3,490

$3,240 - $3,740

Rent Est.

$838,975  ( +11.85%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
FACTS
  • Built In 1922
  • Price/Sqft : $676.98
  • 10 Days on Market
  • MLS # : MR40917137
  • Updated Date : 08/23/2020 at 14:14
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,108 sqft
  • Baths : 1 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

This classic bungalow in South Berkeley offers endless opportunities to create a beautiful home. Flexible floor plan, tons of natural light and a backyard with lovely vegetation including a lemon tree. 83 walk score, nearby parks, Berkeley's favorite restaurants and transit.

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PRICE & RENT TRENDS

Neighborhood: South Berkeley

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $273k1200k

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

Neighborhood: South Berkeley

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16644198

* 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
 

$675,080$825,098$750,089

PURCHASE PRICE

$3,141$3,839$3,490

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,490
EXPENSES Loan Payment -$2,768
Property Tax -$894
Property Insurance -$54
Property Management Fees -$171
CASH FLOW
-$396

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.

$750,089

PROJECTED PRICE

$3,490

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.85%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,524

INVESTMENT

$204,524

Down Payment
$187,522
Rehab Estimate
$5,750
Closing Costs
$11,251

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,768

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,522
Loan Amount $562,567
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$35,299

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
  • $3,258

    COMP ESTIMATED VALUE
  • $2.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$3,000
$3,000
RENT COMPS ANALYSIS
  • 1519 Carleton Berkeley, 1
    • 2 beds 1 baths ∙ 1,108 Sqft ∙ Built 1922 2 beds 1 baths ∙ 1,108 Sqft ∙ Built 1922
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 917 Virginia St Berkeley, 2
    • 2 beds 1 baths ∙ 870 Sqft ∙ Built 1913 2 beds 1 baths ∙ 870 Sqft ∙ Built 1913
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $3.22
    •  
  • 5447 Lawton Ave Oakland, 3
    • 2 beds 1 baths ∙ 1,127 Sqft ∙ Built 1912 2 beds 1 baths ∙ 1,127 Sqft ∙ Built 1912
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.66
    •  
PROPERTY LISTING DETAILS
Denise Villeneuve
Intero Real Estate Services
BESbswy