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2508 Dana St Berkeley, CA 94704

4 Beds 2 Baths 1,993 sqft Built 1910

INVESTimate

$849,000

List Price

$4,460

$4,210 - $4,710

Rent Est.

$949,607  ( +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 1910
  • Price/Sqft : $425.99
  • 2 Days on Market
  • MLS # : EB40917175
  • Updated Date : 08/25/2020 at 03:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,993 sqft
  • Baths : 2 full
Listing Agent

The Grubb Company

Listing Agent's Description

At the gateway to campus in Central Berkeley this stately traditional home has stood for the past 110 years. A grand presence reminiscent of a bygone era offers the potential to recapture greatness. Step onto the porch to rock away time with hours of conversation, an entry in which to linger, and brightly lit, generous living & dining rooms each with bay windows set the scene for a respite you'll want to call home. There is a great first floor room that could be an office, bedroom, or become part of your new dream kitchen. What happens next is up to you. Keep things authentic or reimagine it all. Two story traditional home 4 bedrooms - 1 with an additional sunroom 2 full baths Main level bonus room Fireplace in dining room Charming front porch

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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
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
 

$764,100$933,900$849,000

PURCHASE PRICE

$4,014$4,906$4,460

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$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,460
EXPENSES Loan Payment -$3,132
Property Tax -$1,012
Property Insurance -$75
Property Management Fees -$219
CASH FLOW
$22

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.

$849,000

PROJECTED PRICE

$4,460

PROJECTED RENT

0.53%

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$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$3,132

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$92,416

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
  • $6,218

    COMP ESTIMATED VALUE
  • $3.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,5003$7,500
$7,500
RENT COMPS ANALYSIS
  • 2508 Dana St Berkeley, 1
    • 4 beds 2 baths ∙ 1,993 Sqft ∙ Built 1910 4 beds 2 baths ∙ 1,993 Sqft ∙ Built 1910
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2930 California Street Berkeley, 2
    • 4 beds 2 baths ∙ 1,946 Sqft ∙ Built 1914 4 beds 2 baths ∙ 1,946 Sqft ∙ Built 1914
    property image
    LEASED 05/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.83
    •  
  • Dana St Berkeley, 3
    • 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1908 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1908
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,500
    • $3.41
    •  
PROPERTY LISTING DETAILS
John Wesley
The Grubb Company
BESbswy