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1306 Mound St Alameda, CA 94501

2 Beds 1 Baths 1,008 sqft Built 1905

$799,000

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1905
  • Price/Sqft : $792.66
  • 7 Days on Market
  • MLS # : BE40932797
  • Updated Date : 01/07/2021 at 13:06
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,008 sqft
  • Baths : 1 full
Listing Agent

Compass

Listing Agent's Description

Charming 2 bed 1 bath bungalow located in highly desirable East End of Alameda. Features include: wood burning fireplace, engineered floors, cove ceiling, enclosed backyard and a storage shed. Conveniently located near to Encinal Market, Park Street, and top rated schools. This house is a must see to appreciate!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East End

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1081k

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

Neighborhood: East End

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16364030

* 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
Frank Otis Elementary School Primary Regular 588 23 7
Lincoln Middle School Middle Regular 900 41 9
Alameda High School High Regular 1,746 74 9

Frank Otis Elementary School

  • Education Level: Primary
  • # of students: 588
  • # of teachers: 23
7
GreatSchools Rating

Lincoln Middle School

  • Education Level: Middle
  • # of students: 900
  • # of teachers: 41
9
GreatSchools Rating

Alameda High School

  • Education Level: High
  • # of students: 1,746
  • # of teachers: 74
9
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$2,775
Property Tax -$930
Property Insurance -$52
Property Management Fees -$155
CASH FLOW
-$742

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.

$799,000

PROJECTED PRICE

$3,170

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.6%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,775

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$9,434

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
  • $3,054

    COMP ESTIMATED VALUE
  • $3.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,700
$2,700
RENT COMPS ANALYSIS
  • 1306 Mound St Alameda, CA 1
    • 2 beds 1 baths ∙ 1,008 Sqft ∙ Built 1905 2 beds 1 baths ∙ 1,008 Sqft ∙ Built 1905
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 855 Cedar St B Alameda, CA 2
    • 2 beds 1 baths ∙ 900 Sqft ∙ Built 1910 2 beds 1 baths ∙ 900 Sqft ∙ Built 1910
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.78
    •  
  • 1430 56th Ave A - Upstairs Oakland, CA 3
    • 2 beds 1 baths ∙ 822 Sqft ∙ Built 1923 2 beds 1 baths ∙ 822 Sqft ∙ Built 1923
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $3.28
    •  
PROPERTY LISTING DETAILS
Erik Schuler
Compass
BESbswy