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1919 48th Ave Oakland, CA 94601

4 Beds 1 Baths 2,042 sqft Built 1909

$790,000

List Price

$3,320

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1909
  • Price/Sqft : $386.88
  • 2 Days on Market
  • MLS # : EB40929611
  • Updated Date : 11/28/2020 at 14:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,042 sqft
  • Baths : 1 full
Listing Agent

Golden Gate Sothebys International Realty

Listing Agent's Description

Maxwell Park Grandiose 4 brm 1+ bath home in need of a family that desires room to move around. Good size yard and enclosed for kids. This home has the making of being a home sweet home for a good size family. Walking distance to public schools. Minutes from SF. The bedrooms are good size. And there's second stair case leading to the kitchen area. This home has been off the market for 30 yrs. If you require a roomy house HERE IT IS.

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PRICE & RENT TRENDS

Neighborhood: Fremont

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $191k1015k

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

Neighborhood: Fremont

NeighborhoodNIR Market*CityMarket2010Year20012019 Q214001600180020002200240026002800300032003400Rent in $12343490

* 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
 

$711,000$869,000$790,000

PURCHASE PRICE

$2,988$3,652$3,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,320
EXPENSES Loan Payment -$2,915
Property Tax -$961
Property Insurance -$76
Property Management Fees -$163
CASH FLOW
-$795

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.

$790,000

PROJECTED PRICE

$3,320

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.8%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
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-$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$215,100

INVESTMENT

$215,100

Down Payment
$197,500
Rehab Estimate
$5,750
Closing Costs
$11,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,915

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $197,500
Loan Amount $592,500
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$11,284

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
  • $4,050

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,4254$4,100
$4,100
RENT COMPS ANALYSIS
  • 1919 48th Ave Oakland, CA 1
    • 4 beds 1 baths ∙ 2,042 Sqft ∙ Built 1909 4 beds 1 baths ∙ 2,042 Sqft ∙ Built 1909
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1571 77th Ave Oakland, CA 2
    • 4 beds 2 baths ∙ 1,733 Sqft ∙ Built 1929 4 beds 2 baths ∙ 1,733 Sqft ∙ Built 1929
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.96
    •  
  • 2 Peroly Ct Oakland, CA 3
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1923 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1923
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,425
    • $1.71
    •  
  • 2532 68th Ave Oakland, CA 4
    • 4 beds 1 baths ∙ 1,800 Sqft ∙ Built 1923 4 beds 1 baths ∙ 1,800 Sqft ∙ Built 1923
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.28
    •  
PROPERTY LISTING DETAILS
Rick Williams
Golden Gate Sothebys International Realty
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