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10921 Ettrick St Oakland, CA 94605

3 Beds 2 Baths 2,004 sqft Built 1953

$1,199,950

List Price

$3,610

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $598.78
  • 3 Days on Market
  • MLS # : CC40931695
  • Updated Date : 12/11/2020 at 21:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,004 sqft
  • Baths : 2 full
Listing Agent

Crh Group Inc.

Listing Agent's Description

Consider yourself warned: You are looking at a special house! I sold it twice; both times my buyer walked in and promptly fell in love. The great flow floor plan and flood of natural light including sunrise (Office) and sunset (back yard) helped. The impressive exposed beams in the tall ceiling of the living room, with the wall of glass to the rose garden and the brick fireplace complete with the ledge to sit down and feel toasty didn't hurt either. Custom master bath: stone sink framed by a 1000 year old redwood slab from a natural fire. As fabulous as the house is, the yard is better...In spring, sit in the swing encased in plum blossoms. In summer, reach up and pick one of those juicy large red plums, or an apple. Your friends will adore the parties under the gazebo, built in bbq and rotisserie, or how about those romantic evenings with a glass of wine in the hot tub with it's custom redwood deck! Extended garage with a workshop and huge driveway that can park 7 cars!

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PRICE & RENT TRENDS

Neighborhood: Chabot Park

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $253k1085k

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

Neighborhood: Chabot 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
 

$1,079,955$1,319,945$1,199,950

PURCHASE PRICE

$3,249$3,971$3,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,610
EXPENSES Loan Payment -$4,427
Property Tax -$1,460
Property Insurance -$75
Property Management Fees -$177
CASH FLOW
-$2,529

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.

$1,199,950

PROJECTED PRICE

$3,610

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.5%
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$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

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$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,737

INVESTMENT

$323,737

Down Payment
$299,988
Rehab Estimate
$5,750
Closing Costs
$17,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,988
Loan Amount $899,963
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$10

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
  • $3,417

    COMP ESTIMATED VALUE
  • $1.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,400
$3,400
RENT COMPS ANALYSIS
  • 10921 Ettrick St Oakland, CA 1
    • 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 1953 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Benedict Dr San Leandro, CA 2
    • 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 1939 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 1939
    LEASED 06/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.45
    •  
  • 1750 Benedict Dr San Leandro, CA 3
    • 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 1955
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.96
    •  
PROPERTY LISTING DETAILS
Ruty Magidish
Crh Group Inc.
BESbswy