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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
$402,985
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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Claremont Elmwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
| 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
INVESTMENT
$402,985
LOAN DETAILS
$5,531
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $374,750 |
| Loan Amount | $1,124,250 |
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
-
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
Coldwell Banker Realty
