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90 Alamo Ave Berkeley, CA 94708

3 Beds 3 Baths 2,272 sqft Built 1940

$1,430,000

List Price

$5,820

$5.6K - $6.1K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1940
  • Price/Sqft : $629.40
  • 4 Days on Market
  • MLS # : EB40933471
  • Updated Date : 01/14/2021 at 03:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,272 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Almost level-in entrance leads into a sun-filled home with a unique flat, park-like yard on a sweet street in the North Berkeley Hills! Welcoming living room includes gleaming hardwood floors, recessed lights and fireplace. A few steps away find a formal dining room which overlooks the front yard and patio area. Adjacent to the dining room, a lovely kitchen with quartz counters and high-end suite of stainless appliances. All three bedrooms are located upstairs including a spacious primary suite with sitting area and several windows overlooking the rear yard. Large family/media room leads out to gorgeous yard with patio, grassy area and a majestic Redwood Tree. Do not miss the bonus room which would be ideal for a home office/Zoom room or creative art/makers space. A half bath services the downstairs space. Attached garage with internal access. All this and close to neighborhood parks, schools, Gourmet Ghetto and Solano Ave.

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PRICE & RENT TRENDS

Neighborhood: Southampton

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1374k

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

Neighborhood: Southampton

NeighborhoodNIR Market*CityMarket2010Year20012019 Q22000250030003500400045005000Rent in $16715114

* 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
Jefferson Elementary School Primary Regular 392 19 8
Martin Luther King Jr. Middle School Middle Regular 957 48 8
Berkeley High School High Regular 3,182 166 8

Jefferson Elementary School

  • Education Level: Primary
  • # of students: 392
  • # of teachers: 19
8
GreatSchools Rating

Martin Luther King Jr. Middle School

  • Education Level: Middle
  • # of students: 957
  • # of teachers: 48
8
GreatSchools Rating

Berkeley High School

  • Education Level: High
  • # of students: 3,182
  • # of teachers: 166
8
GreatSchools Rating
 

$1,287,000$1,573,000$1,430,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,820
EXPENSES Loan Payment -$4,967
Property Tax -$2,055
Property Insurance -$82
Property Management Fees -$285
CASH FLOW
-$1,569

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.

$1,430,000

PROJECTED PRICE

$5,820

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

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$4.0M

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$384,700

INVESTMENT

$384,700

Down Payment
$357,500
Rehab Estimate
$5,750
Closing Costs
$21,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,967

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $357,500
Loan Amount $1,072,500
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$7,263

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
  • $6,657

    COMP ESTIMATED VALUE
  • $2.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$6,2503$6,500
$6,500
RENT COMPS ANALYSIS
  • 90 Alamo Ave Berkeley, CA 1
    • 3 beds 3 baths ∙ 2,272 Sqft ∙ Built 1940 3 beds 3 baths ∙ 2,272 Sqft ∙ Built 1940
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 434 Grizzly Peak Blvd Berkeley, CA 2
    • 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 1934 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 1934
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,250
    • $2.96
    •  
  • 765 San Luis Rd Berkeley, CA 3
    • 3 beds 4 baths ∙ 2,240 Sqft ∙ Built 1924 3 beds 4 baths ∙ 2,240 Sqft ∙ Built 1924
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $2.90
    •  
PROPERTY LISTING DETAILS
Maria Cavallo-merrion
Compass
BESbswy