Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1032 Doris Court Alameda, CA 94501

2 Beds 1 Baths 928 sqft Built 1922

$795,000

List Price

$2,810

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1922
  • Price/Sqft : $856.68
  • 3 Days on Market
  • MLS # : BE40933643
  • Updated Date : 01/08/2021 at 15:28
CONSTRUCTION
  • Beds : 2
  • Floor Size : 928 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Resting on a private cul-de-sac in the East End neighborhood of Alameda, 1032 Doris Court is a delightful, 2BD/1BA Art Deco bungalow boasting charming period details including a traditional covered front porch, coved ceilings, burnished hardwood floors, and original built-ins. This light-filled home features oversized picture windows and has been remodeled with an eye to modern comfort and convenience with an updated cook's kitchen and bath. The beautifully landscaped backyard is ideal for alfresco entertaining with pergola-covered patios and blooming flowers on the latticed fence. The detached garage has been finished and remodeled for use as an office or studio with a laundry area.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East End

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1081k

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

Neighborhood: East End

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16364030

* 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
Frank Otis Elementary School Primary Regular 588 23 7
Lincoln Middle School Middle Regular 900 41 9
Alameda High School High Regular 1,746 74 9

Frank Otis Elementary School

  • Education Level: Primary
  • # of students: 588
  • # of teachers: 23
7
GreatSchools Rating

Lincoln Middle School

  • Education Level: Middle
  • # of students: 900
  • # of teachers: 41
9
GreatSchools Rating

Alameda High School

  • Education Level: High
  • # of students: 1,746
  • # of teachers: 74
9
GreatSchools Rating
 

$715,500$874,500$795,000

PURCHASE PRICE

$2,529$3,091$2,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,810
EXPENSES Loan Payment -$2,761
Property Tax -$925
Property Insurance -$50
Property Management Fees -$149
CASH FLOW
-$1,075

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.

$795,000

PROJECTED PRICE

$2,810

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.6%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$216,425

INVESTMENT

$216,425

Down Payment
$198,750
Rehab Estimate
$5,750
Closing Costs
$11,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $198,750
Loan Amount $596,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$763

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
  • $2,580

    COMP ESTIMATED VALUE
  • $2.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,500
$2,500
RENT COMPS ANALYSIS
  • 1032 Doris Court Alameda, CA 1
    • 2 beds 1 baths ∙ 928 Sqft ∙ Built 1922 2 beds 1 baths ∙ 928 Sqft ∙ Built 1922
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 855 Cedar St B Alameda, CA 2
    • 2 beds 1 baths ∙ 900 Sqft ∙ Built 1910 2 beds 1 baths ∙ 900 Sqft ∙ Built 1910
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.78
    •  
PROPERTY LISTING DETAILS
David Gunderman
Keller Williams Realty
BESbswy