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1851 Clemens Rd Oakland, CA 94602

3 Beds 3 Baths 3,067 sqft Built 1940

$1,149,000

List Price

$5,220

$5K - $5.5K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1940
  • Price/Sqft : $374.63
  • 3 Days on Market
  • MLS # : EB40931760
  • Updated Date : 12/12/2020 at 11:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,067 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Grubb Company

Listing Agent's Description

New listing. This elegant Oakmore Traditional offers an easy and inviting floor plan. The formal living room is spacious, light and airy thanks to large windows and gently curved ceiling. The formal dining room, elegant in its simplicity, welcomes everyday meals as easily as celebration dinners. A recently remodeled eat-in kitchen has plenty of room for the chef to create. There is a convenient connection from the kitchen to the large deck and lower level patio, providing ideal outdoor entertaining spaces. Enjoy three spacious bedrooms all on the main level and a hall bathroom. The en-suite bedroom is generous, with a remodeled bathroom featuring a double sink vanity with oversized shower. The lower level welcomes you with a guest suite with half bath, large family room and an office neatly tucked away opposite the laundry room. There is interior access from the two-car garage and plenty of storage. Close to restaurants, shops, parks and transportation.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Oakmore

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $253k1114k

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

Neighborhood: Oakmore

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21600180020002200240026002800300032003400360038004000Rent in $14184174

* 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
 

$1,034,100$1,263,900$1,149,000

PURCHASE PRICE

$4,698$5,742$5,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,220
EXPENSES Loan Payment -$4,239
Property Tax -$1,398
Property Insurance -$101
Property Management Fees -$256
CASH FLOW
-$774

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.

$1,149,000

PROJECTED PRICE

$5,220

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.0%
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$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k$40k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$310,235

INVESTMENT

$310,235

Down Payment
$287,250
Rehab Estimate
$5,750
Closing Costs
$17,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,239

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $287,250
Loan Amount $861,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$39,657

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,220

    LIST RENT
  • $1.7

    LIST RENT PER SQFT
  • $6,216

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$5,220
1$5,2202$6,0003$6,0004$6,500
$6,500
RENT COMPS ANALYSIS
  • 1851 Clemens Rd Oakland, CA 1
    • 3 beds 3 baths ∙ 3,067 Sqft ∙ Built 1940 3 beds 3 baths ∙ 3,067 Sqft ∙ Built 1940
    • Rent
    • Rent Per SQFT
    •  
    • $5,220
    • $1.70
    •  
  • 1961 Gaspar Dr. Oakland, CA 2
    • 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 1937 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 1937
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $2.11
    •  
  • 91 Cambrian Ave Piedmont, CA 3
    • 3 beds 3 baths ∙ 3,087 Sqft ∙ Built 1956 3 beds 3 baths ∙ 3,087 Sqft ∙ Built 1956
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.94
    •  
  • 230 Sandringham Rd Piedmont, CA 4
    • 4 beds 4 baths ∙ 3,202 Sqft ∙ Built 1935 4 beds 4 baths ∙ 3,202 Sqft ∙ Built 1935
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $2.03
    •  
PROPERTY LISTING DETAILS
Regina Jacobs
The Grubb Company
BESbswy