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2424 Kingsland Ave 
Oakland, CA
94601
3 Beds 2 Baths 1,362 sqft
Built 1920
INVESTimate
$675,000
List Price
$184,625
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PROPERTY INFO
FACTS
- Built In 1920
- Price/Sqft : $495.59
- 7 Days on Market
- MLS # : CC40917549
- Updated Date : 08/24/2020 at 10:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,362 sqft
- Baths : 2 full
Listing Agent
Kurniadi Realty
Listing Agent's Description
Wonderful opportunity to restore this Maxwell Park home. Current property layout offers 3 bedrooms and 2 bathrooms, living room, family room, and laundry room. Entry and front of the home welcomes you to 2 first floor bedrooms and living room. Towards the rear of the home, the kitchen opens to the family room and stairs to a private bedroom and bathroom. Home is upgraded with recess lighting and stone counter tops in the kitchen. Hardwood floors throughout. This home does not require much for your personal touch.
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PRICE & RENT TRENDS
Neighborhood: Maxwell Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Maxwell Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,380 |
| EXPENSES | Loan Payment | -$2,490 |
| Property Tax | -$821 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$166 | |
|
CASH FLOW
-$157
|
||
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.
$675,000
PROJECTED PRICE
$3,380
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 12.69% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$184,625
LOAN DETAILS
$2,490
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $168,750 |
| Loan Amount | $506,250 |
5.92
YEARS SAVED
$54,061
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,380
LIST RENT -
$2.48
LIST RENT PER SQFT
-
$3,391
COMP ESTIMATED VALUE -
$2.49
COMP AVG. RENT PER SQFT
Comps Range
-
2424 Kingsland Ave Oakland, 3
- 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1920 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1920
- Rent
- Rent Per SQFT
- $3,380
- $2.48
-
2836 23rd Avenue Oakland, 1
- 3 beds 1 baths ∙ 1,150 Sqft ∙ Built 1914 3 beds 1 baths ∙ 1,150 Sqft ∙ Built 1914
LEASED 08/07/20- Rent
- Rent Per SQFT
- $2,850
- $2.48
-
5546 E 16th St Oakland, 2
- 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1914 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1914
LEASED 07/19/19- Rent
- Rent Per SQFT
- $3,000
- $2.50
PROPERTY LISTING DETAILS
Kurniadi Realty
