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2245 High St Oakland, CA 94601

4 Beds 2 Baths 1,254 sqft Built 1915

$599,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1915
  • Price/Sqft : $477.67
  • 6 Days on Market
  • MLS # : BE40932546
  • Updated Date : 12/23/2020 at 10:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,254 sqft
  • Baths : 2 full
Listing Agent

Bishop & Assoc. Re Sales

Listing Agent's Description

Great opportunity for first time home buyers or move ups. No HOA. Attractively priced with updated kitchen & baths, laminate floors. Fully fenced backyard for entertaining & privacy. Home is complete with newer appliances.

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PRICE & RENT TRENDS

Neighborhood: Jefferson

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $195k1015k

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

Neighborhood: Jefferson

NeighborhoodNIR Market*CityMarket2010Year20012019 Q214001600180020002200240026002800300032003400Rent in $12323490

* 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
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$2,210
Property Tax -$729
Property Insurance -$57
Property Management Fees -$161
CASH FLOW
$133

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.

$599,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.5%
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$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$81,541

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
  • $3,655

    COMP ESTIMATED VALUE
  • $2.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$4,680
$4,680
RENT COMPS ANALYSIS
  • 2245 High St Oakland, CA 1
    • 4 beds 2 baths ∙ 1,254 Sqft ∙ Built 1915 4 beds 2 baths ∙ 1,254 Sqft ∙ Built 1915
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2084 Harrington Ave Oakland, CA 2
    • 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1920 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1920
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.91
    •  
  • 3624 Victor Ave Oakland, CA 3
    • 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1930 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1930
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,680
    • $2.92
    •  
PROPERTY LISTING DETAILS
Jhanvi Patel
Bishop & Assoc. Re Sales
BESbswy