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1063 60th Street Oakland, CA 94608

3 Beds 3 Baths 1,786 sqft Built 1924

$1,100,000

List Price

$4,190

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1924
  • Price/Sqft : $615.90
  • 5 Days on Market
  • MLS # : EB40927582
  • Updated Date : 10/31/2020 at 19:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,786 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

This industrial-chic home on a flag lot is tucked behind its own secure gate and opens up to an inviting courtyard, elevated front porch and a thoroughly updated and modern residence with 3 large bedrooms, 2.5 bathrooms, a work loft, a sunny living/dining area and extra storage space. Spacious and open, this "Dwell" property offers gracious indoor/outdoor living and extraordinary natural light. On the Emeryville border, and blocks from Pixar Studios, the NOBE neighborhood is a bustling urban environment providing easy access to shops, restaurants and public transportation. 106360thstreet.com

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PRICE & RENT TRENDS

Neighborhood: Paradise Park

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $253k1078k

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

Neighborhood: Paradise Park

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800Rent in $14183863

* 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
Chabot Elementary School Primary Regular 573 22 10
Hillcrest Elementary School Middle Regular 359 15 10
Oakland High School High Regular 1,515 67 5

Chabot Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 22
10
GreatSchools Rating

Hillcrest Elementary School

  • Education Level: Middle
  • # of students: 359
  • # of teachers: 15
10
GreatSchools Rating

Oakland High School

  • Education Level: High
  • # of students: 1,515
  • # of teachers: 67
5
GreatSchools Rating
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,771$4,609$4,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,190
EXPENSES Loan Payment -$4,059
Property Tax -$1,426
Property Insurance -$70
Property Management Fees -$205
CASH FLOW
-$1,570

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.

$1,100,000

PROJECTED PRICE

$4,190

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.6%
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-$20k-$10k$0.0$10k

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$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$1,195

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
  • $4,260

    COMP ESTIMATED VALUE
  • $2.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3003$4,995
$4,995
RENT COMPS ANALYSIS
  • 1063 60th Street Oakland, CA 1
    • 3 beds 3 baths ∙ 1,786 Sqft ∙ Built 1924 3 beds 3 baths ∙ 1,786 Sqft ∙ Built 1924
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 702 30th Street Oakland, CA 2
    • 4 beds 2 baths ∙ 1,501 Sqft ∙ Built 1908 4 beds 2 baths ∙ 1,501 Sqft ∙ Built 1908
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.20
    •  
  • 2930 California Street Berkeley, CA 3
    • 4 beds 2 baths ∙ 1,946 Sqft ∙ Built 1914 4 beds 2 baths ∙ 1,946 Sqft ∙ Built 1914
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,995
    • $2.57
    •  
PROPERTY LISTING DETAILS
Julie Gardner
Compass
BESbswy