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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chabot Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$230,735
LOAN DETAILS
$3,132
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $212,250 |
| Loan Amount | $636,750 |
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.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,277
COMP ESTIMATED VALUE -
$1.96
COMP AVG. RENT PER SQFT
Comps Range
-
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
Compass
