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17032 Broadway Ter Oakland, CA 94611

2 Beds 2 Baths 1,185 sqft Built 1993

$895,000

List Price

$3,590

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $755.27
  • 4 Days on Market
  • MLS # : EB40930923
  • Updated Date : 12/03/2020 at 12:01
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,185 sqft
  • Baths : 2 full
Listing Agent

Perspective Real Estate

Listing Agent's Description

Welcome to an oasis in the sky! Here you'll find privacy, a front patio with room to spread out, beautiful hardwood floors, tasteful finishes, and stunning panoramic views! The floor-plan has an easy and comfortable flow connecting all of the spaces, indoor and out. The great room features living and dining spaces with access to a large deck where you can soak in the sweeping views. The kitchen has plenty of cabinetry, new appliances and modern touches. Both bedrooms have generous closets and are ensuite. The two car garage makes parking and storage a breeze. The location is excellent with easy proximity to Montclair Village, highways, and recreational parks, but is higher up from the hustle and bustle below. There is significant expansion potential below the home and easy access to the East Bay Regional Park system. Social distance in style!

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
 

$805,500$984,500$895,000

PURCHASE PRICE

$3,231$3,949$3,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,590
EXPENSES Loan Payment -$3,302
Property Tax -$1,084
Property Insurance -$56
Property Management Fees -$176
CASH FLOW
-$1,028

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.

$895,000

PROJECTED PRICE

$3,590

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.9%
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-$20k-$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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$242,925

INVESTMENT

$242,925

Down Payment
$223,750
Rehab Estimate
$5,750
Closing Costs
$13,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,302

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $223,750
Loan Amount $671,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$6,665

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
  • $4,207

    COMP ESTIMATED VALUE
  • $3.55

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,950
$4,950
RENT COMPS ANALYSIS
  • 17032 Broadway Ter Oakland, CA 1
    • 2 beds 2 baths ∙ 1,185 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,185 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 23 Gravatt Dr Berkeley, CA 2
    • 2 beds 2 baths ∙ 1,394 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,394 Sqft ∙ Built 1994
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $3.55
    •  
PROPERTY LISTING DETAILS
Aaron Brown
Perspective Real Estate
BESbswy