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13063 Broadway Ter Oakland, CA 94611

5 Beds 3 Baths 2,265 sqft Built 1957

INVESTimate

$1,195,000

List Price

$5,200

$4,950 - $5,450

Rent Est.

$1,324,777  ( +10.86%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1957
  • Price/Sqft : $527.59
  • 8 Days on Market
  • MLS # : MR40917411
  • Updated Date : 08/23/2020 at 10:55
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,265 sqft
  • Baths : 3 full
Listing Agent

Golden Gate Sotheby's International Realty

Listing Agent's Description

Absolutely Fabulous Montclair home with all modern amenities! Level-in access to the main living area, kitchen, three bedrooms,and 2 bathrooms from the street and the spacious two-car garage! The level below has two spacious bedrooms, a full bath, a large family/media room, an oversized laundry/storage room, and a large- covered deck. Vast bonus-multi use areas below the main living floors. Enjoy serene hillside living with views on a 12000+ sqft lot, with expansive decks, privacy, and spaciousness. In close proximity to the many amenities of Montclair Village, major highways, parks,recreation areas,and more Features: 5 bd's 3 ba's 2 car garage with an e-vehicle charger Two large decks (1185sqft) & the floors below (1600sqft) are a part of a significant 2015 remodel-done with permits The remodel includes two floors of shop/storage space and 2 floors of decks. The over-engineered addition uses 6-inch insulated stud double shear walls New Roof New Paint New Carpets

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Merriewood

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $253k1186k

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

Neighborhood: Merriewood

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $14184448

* 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
 

$1,075,500$1,314,500$1,195,000

PURCHASE PRICE

$4,680$5,720$5,200

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$4.5M

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 $5,200
EXPENSES Loan Payment -$4,409
Property Tax -$1,447
Property Insurance -$82
Property Management Fees -$255
CASH FLOW
-$992

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.

$1,195,000

PROJECTED PRICE

$5,200

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.86%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$322,425

INVESTMENT

$322,425

Down Payment
$298,750
Rehab Estimate
$5,750
Closing Costs
$17,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,409

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $298,750
Loan Amount $896,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$27,962

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
  • $6,636

    COMP ESTIMATED VALUE
  • $2.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,9953$7,700
$7,700
RENT COMPS ANALYSIS
  • 13063 Broadway Ter Oakland, 1
    • 5 beds 3 baths ∙ 2,265 Sqft ∙ Built 1957 5 beds 3 baths ∙ 2,265 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2535 Chelsea Drive Oakland, 2
    • 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 1972
    property image
    LEASED 08/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,995
    • $2.39
    •  
  • 424 Pala Avenue Piedmont, 3
    • 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 1961 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 1961
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,700
    • $3.47
    •  
PROPERTY LISTING DETAILS
Dev Parikh
Golden Gate Sotheby's International Realty
BESbswy