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2731 Hillegass Ave Berkeley, CA 94705

5 Beds 2 Baths 2,550 sqft Built 1901

INVESTimate

$1,499,000

List Price

$5,820

$5,570 - $6,070

Rent Est.

$1,635,109  ( +9.08%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1901
  • Price/Sqft : $587.84
  • 3 Days on Market
  • MLS # : EB40918013
  • Updated Date : 08/25/2020 at 12:27
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,550 sqft
  • Baths : 1 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Fabulous large Brown Shingle home with incredible period charm located in the great Elmwood neighborhood. Perched off street level with western views of Willard Park. This gorgeous inviting spacious architecture home offers 5 bedrooms, 1.5 bathrooms with a huge open floor plan, formal living & dining room, high classic coved ceilings, wood floors, wainscoting wood staircase and dinning room, beautiful clinker styled brick fireplaces, very large basement, huge front and back yard with a long lasting copper roof. Don't miss this rare & unique opportunity for a large 7,400 sqft lot for potential ADU or to build on. This highly sought after location is just steps from UC Berkeley campus yet located in a peaceful quiet setting. Steps away from coffee shops/restaurants & all the iconic and hip urban lifestyle that makes Berkeley the place to be. Per- walk/bike score 94/95. A truly must see. Some photos are virtually staged.

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PRICE & RENT TRENDS

Neighborhood: Claremont Elmwood

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $273k1428k

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

Neighborhood: Claremont Elmwood

NeighborhoodNIR Market*CityMarket2010Year20012019 Q220002500300035004000450050005500Rent in $16715774

* 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
 

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

PURCHASE PRICE

$5,238$6,402$5,820

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$5.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,820
EXPENSES Loan Payment -$5,531
Property Tax -$1,786
Property Insurance -$89
Property Management Fees -$285
CASH FLOW
-$1,871

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

$5,820

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.08%
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 65% 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

0.83

YEARS SAVED

$6,216

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
  • $8,696

    COMP ESTIMATED VALUE
  • $3.41

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$7,500
$7,500
RENT COMPS ANALYSIS
  • 2731 Hillegass Ave Berkeley, 1
    • 5 beds 2 baths ∙ 2,550 Sqft ∙ Built 1901 5 beds 2 baths ∙ 2,550 Sqft ∙ Built 1901
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Dana St Berkeley, 2
    • 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1908 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1908
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,500
    • $3.41
    •  
PROPERTY LISTING DETAILS
Wayne Cory
Coldwell Banker Realty
BESbswy