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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Merriewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Merriewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$349,720
LOAN DETAILS
$4,789
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $324,500 |
| Loan Amount | $973,500 |
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
-
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
The Grubb Co. Inc.
