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1121 E 22nd St Oakland, CA 94606

3 Beds 3 Baths 2,075 sqft Built 1923

$849,000

List Price

$3,700

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1923
  • Price/Sqft : $409.16
  • 3 Days on Market
  • MLS # : EB40928365
  • Updated Date : 11/06/2020 at 15:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,075 sqft
  • Baths : 3 full
Listing Agent

The Grubb Company

Listing Agent's Description

New listing. This beautifully renovated bungalow is the definition of urban chic. An exciting open floor plan with natural light sets the stage as elegant hardwood floors flow seamlessly from the living to the dining room. The tastefully appointed chef's kitchen is simply stunning. Two delightful bedrooms & adjacent bathroom complete the main level. Upstairs is a comfortable family room with adjoined deck that creates a perfect space for entertaining & relaxing. This room is sure to be the hub of the home's activity. The laundry is conveniently located off the family room as well as a full bath. The lower level features a spectacular en-suite bedroom with a large luxury bathroom and a serene sitting room. Sliding doors provide easy access to the rear gardens. The backyard is a magical urban oasis, lovingly layered with a patio for entertaining, lush level lawn, and surrounding verdant foliage. Completing this jewel box is a basement with room for storage and possible workshop.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Clinton

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1026k

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

Neighborhood: Clinton

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2120014001600180020002200240026002800300032003400Rent in $11033517

* 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

$3,330$4,070$3,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,700
EXPENSES Loan Payment -$3,132
Property Tax -$1,033
Property Insurance -$77
Property Management Fees -$181
CASH FLOW
-$724

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

$3,700

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.8%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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

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 60% 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

2.5

YEARS SAVED

$19,528

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
  • $4,254

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$5,275
$5,275
RENT COMPS ANALYSIS
  • 1121 E 22nd St Oakland, CA 1
    • 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 1923 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 1923
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3030 Bona Oakland, CA 2
    • 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 1906 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 1906
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.66
    •  
  • 296 Jayne Avenue Oakland, CA 3
    • 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1911 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1911
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,275
    • $2.44
    •  
PROPERTY LISTING DETAILS
Regina Jacobs
The Grubb Company
BESbswy