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2347 Manzanita Drive Oakland, CA 94611

4 Beds 2 Baths 2,476 sqft Built 1968

$998,000

List Price

$4,090

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $403.07
  • 2 Days on Market
  • MLS # : EB40926795
  • Updated Date : 11/14/2020 at 10:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,476 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Residential

Listing Agent's Description

Shown privately by appointment with COVID compliance. Fab location close to Hills Swim & Tennis Club, destination for all entertainment occasions. Enjoy quiet, sylvan setting, private enclosed front yard and sloped backyard. Mid-century ranch, level-in w/2 bd & 1 ba--kitchen overlooks front garden, fireplace, hardwood floors and balcony overlooking backyard and Manzanita treetops. Downstairs is potential in-law with 2 bd,1 ba, family room with wet bar, laundry, balcony and private entrance. 2-car garage with workbench and built-in shelving opens to Manzanita and Mt. Diablo views.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Shepherd Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $253k1223k

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

Neighborhood: Shepherd Canyon

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21500200025003000350040004500Rent in $14184756

* 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
 

$898,200$1,097,800$998,000

PURCHASE PRICE

$3,681$4,499$4,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,090
EXPENSES Loan Payment -$3,682
Property Tax -$1,214
Property Insurance -$87
Property Management Fees -$200
CASH FLOW
-$1,094

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.

$998,000

PROJECTED PRICE

$4,090

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.6%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,220

INVESTMENT

$270,220

Down Payment
$249,500
Rehab Estimate
$5,750
Closing Costs
$14,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,682

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,500
Loan Amount $748,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$9,370

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
  • $4,407

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,100
$4,100
RENT COMPS ANALYSIS
  • 2347 Manzanita Drive Oakland, CA 1
    • 4 beds 2 baths ∙ 2,476 Sqft ∙ Built 1968 4 beds 2 baths ∙ 2,476 Sqft ∙ Built 1968
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2 Monte Veda Orinda, CA 2
    • 4 beds 3 baths ∙ 2,302 Sqft ∙ Built 1951 4 beds 3 baths ∙ 2,302 Sqft ∙ Built 1951
    property image
    LEASED 06/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.78
    •  
PROPERTY LISTING DETAILS
Laurel Strand
Coldwell Banker Residential
BESbswy