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2306 Leimert Blvd Oakland, CA 94602

4 Beds 5 Baths 3,587 sqft Built 1978

$1,475,000

List Price

$5,420

$5.2K - $5.7K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $411.21
  • 3 Days on Market
  • MLS # : EB40929955
  • Updated Date : 11/27/2020 at 09:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,587 sqft
  • Baths : 3 full , 2 half
Listing Agent

The Grubb Co. Inc.

Listing Agent's Description

Elegant contemporary with soaring ceilings and outdoor deck access from every room (except baths & laundry!). Clean crisp lines and a room for everything! TWO en-suites, TWO spacious family rooms, detached finished room for hobbies or gym, TWO-car garage with EV charger, air conditioning, easy access to the Village or Park Avenue shops, easy freeway access. A kitchen with miles of counters, cabinets, bamboo flooring, eating area opening out to big lounging entertaining deck/terraced garden. Three bedrooms on one-level plus another guest level with one of the en-suites and one of the family rooms. Truly room for everyone and everything with fabulous open "let's get-TOGETHER" spaces and plenty of "I want to be ALONE" spaces! Winner. Clean and ready.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Oakmore

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $253k1114k

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

Neighborhood: Oakmore

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21600180020002200240026002800300032003400360038004000Rent in $14184174

* 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
 

$1,327,500$1,622,500$1,475,000

PURCHASE PRICE

$4,878$5,962$5,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,420
EXPENSES Loan Payment -$5,442
Property Tax -$1,795
Property Insurance -$114
Property Management Fees -$266
CASH FLOW
-$2,196

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.

$1,475,000

PROJECTED PRICE

$5,420

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.0%
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$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$396,625

INVESTMENT

$396,625

Down Payment
$368,750
Rehab Estimate
$5,750
Closing Costs
$22,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$5,442

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $368,750
Loan Amount $1,106,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$900

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
  • $6,636

    COMP ESTIMATED VALUE
  • $1.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$6,000
$6,000
RENT COMPS ANALYSIS
  • 2306 Leimert Blvd Oakland, CA 1
    • 4 beds 5 baths ∙ 3,587 Sqft ∙ Built 1978 4 beds 5 baths ∙ 3,587 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 170 Bell Ave Piedmont, CA 2
    • 3 beds 3 baths ∙ 3,241 Sqft ∙ Built 1972 3 beds 3 baths ∙ 3,241 Sqft ∙ Built 1972
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.85
    •  
PROPERTY LISTING DETAILS
Colleen Larkin
The Grubb Co. Inc.
BESbswy