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2424 Kingsland Ave Oakland, CA 94601

3 Beds 2 Baths 1,362 sqft Built 1920

INVESTimate

$675,000

List Price

$3,380

$3,130 - $3,630

Rent Est.

$760,658  ( +12.69%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 24, 2020 RECENTLY ADDED
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

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $243k1015k

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

Neighborhood: Maxwell Park

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21600180020002200240026002800300032003400Rent in $14083490

* 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
 

$607,500$742,500$675,000

PURCHASE PRICE

$3,042$3,718$3,380

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

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
$2,850
1$2,8502$3,0003$3,380
$3,380
RENT COMPS ANALYSIS
  • 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
Jonathan Kurniadi
Kurniadi Realty
BESbswy