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1063 Rose Ave Oakland, CA 94611

3 Beds 3 Baths 2,305 sqft Built 1941

$1,490,000

List Price

$5,780

$5.5K - $6K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1941
  • Price/Sqft : $646.42
  • 8 Days on Market
  • MLS # : EB40927143
  • Updated Date : 11/02/2020 at 12:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,305 sqft
  • Baths : 3 full
Listing Agent

Red Oak Realty

Listing Agent's Description

Welcome to 1063 Rose Ave located on a gorgeous tree lined street that borders the city of Piedmont. Tastefully curated exterior has established drought tolerant landscaping - soaking up the southern sun. Inside is where the magic happens. Built in 1941, this rehabbed 2300 (+) SQF two level, 3 bed 3 bath home w/ oak floors has a vaulted ceiling in the west facing LR and a mahogany sun deck located on the main level. Dining room found off the kitchen is elevated by a few steps to gives a unique perspective. Large kitchen w/ eat-in table has been recently repainted. Primary bedroom has ensuite bath and is expansive to say the least - windows face west and east. Lower level showcases new high-end construction and is where the 3rd bedroom, new bath, family room and office with near floor to ceiling windows reside. Yard area gets great south/west sun and plenty of privacy. Attached garage has EV plug. Workroom found off side yard. Situated a few blocks from the always bustling Piedmont Ave.

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PRICE & RENT TRENDS

Neighborhood: Piedmont Avenue

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $253k1078k

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

Neighborhood: Piedmont Avenue

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $14184516

* 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
 

$1,341,000$1,639,000$1,490,000

PURCHASE PRICE

$5,202$6,358$5,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,780
EXPENSES Loan Payment -$5,497
Property Tax -$1,813
Property Insurance -$83
Property Management Fees -$283
CASH FLOW
-$1,896

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.

$1,490,000

PROJECTED PRICE

$5,780

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.8%
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$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

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$6.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$400,600

INVESTMENT

$400,600

Down Payment
$372,500
Rehab Estimate
$5,750
Closing Costs
$22,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,497

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $372,500
Loan Amount $1,117,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$5,239

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $5,780

    LIST RENT
  • $2.51

    LIST RENT PER SQFT
  • $7,733

    COMP ESTIMATED VALUE
  • $3.36

    COMP AVG. RENT PER SQFT
Comps Range
$5,780
1$5,7802$6,9503$7,7004$8,0005$8,100
$8,100
RENT COMPS ANALYSIS
  • 1063 Rose Ave Oakland, CA 1
    • 3 beds 4 baths ∙ 2,305 Sqft ∙ Built 1941 3 beds 4 baths ∙ 2,305 Sqft ∙ Built 1941
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $5,780
    • $2.51
    •  
  • 1624 Lower Grand Ave Piedmont, CA 2
    • 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 1923 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 1923
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,950
    • $3.23
    •  
  • 424 Pala Avenue Piedmont, CA 3
    • 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 1961 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 1961
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,700
    • $3.47
    •  
  • 341 Pacific Ave Piedmont, CA 4
    • 3 beds 4 baths ∙ 2,373 Sqft ∙ Built 1936 3 beds 4 baths ∙ 2,373 Sqft ∙ Built 1936
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $8,000
    • $3.37
    •  
  • 209 Ricardo Ave Piedmont, CA 5
    • 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 1927 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 1927
    property image
    LEASED 11/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $8,100
    • $3.35
    •  
PROPERTY LISTING DETAILS
Scott Ward
Red Oak Realty
BESbswy