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1288 Holman Road Oakland, CA 94610

3 Beds 2 Baths 1,724 sqft Built 1922

INVESTimate

$1,048,000

List Price

$4,800

$4,550 - $5,050

Rent Est.

$1,177,009  ( +12.31%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1922
  • Price/Sqft : $607.89
  • 5 Days on Market
  • MLS # : EB40917820
  • Updated Date : 08/25/2020 at 22:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,724 sqft
  • Baths : 2 full
Listing Agent

The Grubb Company

Listing Agent's Description

Classic Colonial in Trestle Glen. 1920's vintage details meld seamlessly with the stylish updates. Bask in the morning sun in the living room while enjoying your cup of coffee. Three generously sized bedrooms upstairs with extra space for your home office or child's learning area. Off the remodeled kitchen is a peaceful deck to enjoy outside eating which overlooks a gardener's paradise. Great shopping and restaurants in nearby Glenview and Lakeshore, easy access to transit and highway 580. Less than half a mile to Crocker Highlands Elementary.

SEE MORE

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
 

$943,200$1,152,800$1,048,000

PURCHASE PRICE

$4,320$5,280$4,800

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,800
EXPENSES Loan Payment -$3,867
Property Tax -$1,275
Property Insurance -$69
HOA -$200
Property Management Fees -$235
CASH FLOW
-$846

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.

$1,048,000

PROJECTED PRICE

$4,800

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.31%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$283,470

INVESTMENT

$283,470

Down Payment
$262,000
Rehab Estimate
$5,750
Closing Costs
$15,720

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $262,000
Loan Amount $786,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$25,126

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
  • $4,816

    COMP ESTIMATED VALUE
  • $2.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,5003$4,9954$5,500
$5,500
RENT COMPS ANALYSIS
  • 1288 Holman Road Oakland, 1
    • 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1922 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1922
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Spruce Street Oakland, 2
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1922 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1922
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.84
    •  
  • 1048 Annerley Rd Oakland, 3
    • 4 beds 3 baths ∙ 1,781 Sqft ∙ Built 1930 4 beds 3 baths ∙ 1,781 Sqft ∙ Built 1930
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,995
    • $2.80
    •  
  • 3386 Kiwanis St Oakland, 4
    • 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 1939 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 1939
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.74
    •  
PROPERTY LISTING DETAILS
Jennifer Bauer
The Grubb Company
BESbswy