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2219 50th Ave. Oakland, CA 94601

3 Beds 1 Baths 1,230 sqft Built 1930

$689,000

List Price

$3,230

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1930
  • Price/Sqft : $560.16
  • 3 Days on Market
  • MLS # : BE40932375
  • Updated Date : 12/18/2020 at 20:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,230 sqft
  • Baths : 1 full
Listing Agent

Compass

Listing Agent's Description

Lower Maxwell Park's cozy and charming 3 Bed, 1 Bath home is MOVE-IN-READY! Newly remodeled kitchen & bathroom, freshly painted interior, new flooring, new interior doors, and large landscaped backyard is ready for you and your family to enjoy.

SEE MORE

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
 

$620,100$757,900$689,000

PURCHASE PRICE

$2,907$3,553$3,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,230
EXPENSES Loan Payment -$2,542
Property Tax -$838
Property Insurance -$57
Property Management Fees -$158
CASH FLOW
-$365

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.

$689,000

PROJECTED PRICE

$3,230

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,335

INVESTMENT

$188,335

Down Payment
$172,250
Rehab Estimate
$5,750
Closing Costs
$10,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,542

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $172,250
Loan Amount $516,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$33,419

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
  • $3,235

    COMP ESTIMATED VALUE
  • $2.63

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$3,0004$3,200
$3,200
RENT COMPS ANALYSIS
  • 2219 50th Ave. Oakland, CA 1
    • 3 beds 1 baths ∙ 1,230 Sqft ∙ Built 1930 3 beds 1 baths ∙ 1,230 Sqft ∙ Built 1930
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2836 23rd Avenue Oakland, CA 2
    • 3 beds 1 baths ∙ 1,150 Sqft ∙ Built 1914 3 beds 1 baths ∙ 1,150 Sqft ∙ Built 1914
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.48
    •  
  • 5546 E 16th St Oakland, CA 3
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1914 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1914
    property image
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.50
    •  
  • 2084 Harrington Ave Oakland, CA 4
    • 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1920 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1920
    property image
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.91
    •  
PROPERTY LISTING DETAILS
Josh Zielinski
Compass
BESbswy