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1221 Holman Rd Oakland, CA 94610

2 Beds 1 Baths 917 sqft Built 1923

$825,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1923
  • Price/Sqft : $899.67
  • 3 Days on Market
  • MLS # : EB40931718
  • Updated Date : 12/11/2020 at 17:07
CONSTRUCTION
  • Beds : 2
  • Floor Size : 917 sqft
  • Baths : 1 full
Listing Agent

Golden Gate Sothebys International Realty

Listing Agent's Description

"Love grows best in little houses like ours!" 1221 Holman Road is a sweet 2 bedroom 1 bath French Provincial Bungalow situated in the very sought after Crocker Highland's neighborhood.Built in 1923,every square foot is usable space.The bright "plus" sunroom perfect for an office/den/playroom. The exterior deck creates that much desired outdoor space for entertaining & is adjacent to the backyard garden rimmed with avocado, lemon, olive and apricot trees!The dining room,with it's original built-in's, lies just adjacent to the living room creating a comfortable flow.Picture windows flank both rooms.The kitchen extends from the dining room through to the back opening to the deck.Fresh paint,inside and out,refinished hardwood floors make this house sparkling clean!A big surprise is the large, garage/ basement space offering parking plus an amazing amount of storage! So close to Saturday Farmers Market, Lakeshore shopping/dining,and the B-bus with direct service to SF steps away!

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PRICE & RENT TRENDS

Neighborhood: Trestle Glen

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $253k1334k

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

Neighborhood: Trestle Glen

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21500200025003000350040004500Rent in $14184993

* 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
 

$742,500$907,500$825,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$3,044
Property Tax -$1,004
Property Insurance -$49
HOA -$209
Property Management Fees -$149
CASH FLOW
-$1,685

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.

$825,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.3%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$4

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $3.02

    LIST RENT PER SQFT
  • $2,354

    COMP ESTIMATED VALUE
  • $2.57

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,7503$2,7704$2,9505$3,350
$3,350
RENT COMPS ANALYSIS
  • 1221 Holman Rd Oakland, CA 3
    • 2 beds 1 baths ∙ 917 Sqft ∙ Built 1923 2 beds 1 baths ∙ 917 Sqft ∙ Built 1923
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $3.02
    •  
  • 1963 E 38th St Upper Oakland, CA 1
    • 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1920 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1920
    LEASED 11/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.19
    •  
  • 3227 School St Oakland, CA 2
    • 2 beds 1 baths ∙ 1,105 Sqft ∙ Built 1940 2 beds 1 baths ∙ 1,105 Sqft ∙ Built 1940
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.49
    •  
  • 2840 23rd Avenue Oakland, CA 4
    • 2 beds 1 baths ∙ 1,050 Sqft ∙ Built 1914 2 beds 1 baths ∙ 1,050 Sqft ∙ Built 1914
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.81
    •  
  • 2444 E 28th St Oakland, CA 5
    • 2 beds 1 baths ∙ 1,205 Sqft ∙ Built 1937 2 beds 1 baths ∙ 1,205 Sqft ∙ Built 1937
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.78
    •  
PROPERTY LISTING DETAILS
Katie Fanning
Golden Gate Sothebys International Realty
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