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10951 Cliffland Ave Oakland, CA 94605

3 Beds 2 Baths 1,672 sqft Built 1957

$849,000

List Price

$3,390

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $507.78
  • 7 Days on Market
  • MLS # : EB40929426
  • Updated Date : 11/21/2020 at 08:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,672 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Welcome home to this hidden gem nested in the peaceful Chabot Park neighborhood. Surrounded by trees, this 1,672 Sq home sits on a hilltop and is located near Knowland Park, Oakland Zoo, Chabot Golf course, and many hiking trails. Minutes from freeway access, shopping, and restaurants. This spacious, single-level home sits on a large, 14,700 sqft lot, features 3 bedrooms 2 baths, a newly updated kitchen with dining & living room, gas stove, new countertops. Working fireplace, hardwood floors, double pane windows, a bright and spacious living room. The backyard offers space for farming, but it also allows for many other possibilities. 2-car garage with lots of street parking. Great opportunity to own this home for the holidays. . . For showing, contact the listing agent Abdi Sabet. By Appointments Only: calendly.com/abdisabet/10951cliffland

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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
 

$764,100$933,900$849,000

PURCHASE PRICE

$3,051$3,729$3,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,390
EXPENSES Loan Payment -$3,132
Property Tax -$1,033
Property Insurance -$67
Property Management Fees -$166
CASH FLOW
-$1,009

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.

$849,000

PROJECTED PRICE

$3,390

PROJECTED RENT

0.40%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,132

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$5,009

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
  • $3,277

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,400
$3,400
RENT COMPS ANALYSIS
  • 10951 Cliffland Ave Oakland, CA 1
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1750 Benedict Dr San Leandro, CA 2
    • 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
Abdolreza Niroumand-sabet
Compass
BESbswy