Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1940 Gouldin Rd Oakland, CA 94611

4 Beds 3 Baths 2,196 sqft Built 1948

$1,298,000

List Price

$6,050

$5.8K - $6.3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1948
  • Price/Sqft : $591.07
  • 5 Days on Market
  • MLS # : EB40927548
  • Updated Date : 11/01/2020 at 16:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,196 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Grubb Co. Inc.

Listing Agent's Description

Welcome to 1940 Gouldin Rd, an updated two-story Mid-Century Modern retreat near the end of a cul-de-sac, nestled in the Montclair Hills. This 4 bedroom, 2.5 bathroom home features an open living room, dining room, kitchen, breakfast nook that opens out to a deck and patio area. A perfect setting for learning pods, al fresco dining, barbecues, and relaxing in a tranquil setting. From the living area, gaze out from walls of glass onto mature canvas of trees. Three bedrooms and 1.5 baths are off the main level. Lower level is a flexible den/office plus a bedroom, full bath, laundry, and ample storage. Montclair Village shops, restaurants, and Sunday farmer's market are just one mile away. Enjoy your oasis that feels miles away, but is centrally located.

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
 

$1,168,200$1,427,800$1,298,000

PURCHASE PRICE

$5,445$6,655$6,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,050
EXPENSES Loan Payment -$4,789
Property Tax -$1,892
Property Insurance -$80
Property Management Fees -$296
CASH FLOW
-$1,007

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.

$1,298,000

PROJECTED PRICE

$6,050

PROJECTED RENT

0.47%

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$1.0M$2.0M$3.0M$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$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$349,720

INVESTMENT

$349,720

Down Payment
$324,500
Rehab Estimate
$5,750
Closing Costs
$19,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $324,500
Loan Amount $973,500
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$33,627

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $6,050

    LIST RENT
  • $2.76

    LIST RENT PER SQFT
  • $7,510

    COMP ESTIMATED VALUE
  • $3.42

    COMP AVG. RENT PER SQFT
Comps Range
$6,050
1$6,0502$7,7003$8,000
$8,000
RENT COMPS ANALYSIS
  • 1940 Gouldin Rd Oakland, CA 1
    • 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 1948 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $6,050
    • $2.76
    •  
  • 424 Pala Avenue Piedmont, CA 2
    • 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 1961 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 1961
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,700
    • $3.47
    •  
  • 341 Pacific Ave Piedmont, CA 3
    • 3 beds 4 baths ∙ 2,373 Sqft ∙ Built 1936 3 beds 4 baths ∙ 2,373 Sqft ∙ Built 1936
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $8,000
    • $3.37
    •  
PROPERTY LISTING DETAILS
Unhei Kang
The Grubb Co. Inc.
BESbswy