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2438 Kingsland Ave Oakland, CA 94601

2 Beds 2 Baths 1,070 sqft Built 1930

INVESTimate

$769,000

List Price

$2,560

$2,310 - $2,810

Rent Est.

$866,586  ( +12.69%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1930
  • Price/Sqft : $718.69
  • 8 Days on Market
  • MLS # : BE40917347
  • Updated Date : 08/22/2020 at 20:46
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,070 sqft
  • Baths : 2 full
Listing Agent

Ri California Realty

Listing Agent's Description

Charming split-level Mediterranean by Maxwell Park with original parquet hardwood floors and floor-to-ceiling bay windows. This 2 bedroom, 2 bath house was fully renovated 2 years ago. The updated kitchen features newer quartz countertops, built-in cabinets & newer stainless steel appliances. The two downstairs bonus rooms (approx 350sq.ft non-conforming) could be used as a family room + office or as a guest quarters. The back and side yard provide ample space to entertain. Close to shops, Mills College & parks. www.2438kingsland.com

SEE MORE

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
 

$692,100$845,900$769,000

PURCHASE PRICE

$2,304$2,816$2,560

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,837
Property Tax -$936
Property Insurance -$53
Property Management Fees -$149
CASH FLOW
-$1,415

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.

$769,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.33%

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$209,535

INVESTMENT

$209,535

Down Payment
$192,250
Rehab Estimate
$5,750
Closing Costs
$11,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,837

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $192,250
Loan Amount $576,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$71

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,560

    LIST RENT
  • $2.39

    LIST RENT PER SQFT
  • $2,584

    COMP ESTIMATED VALUE
  • $2.42

    COMP AVG. RENT PER SQFT
Comps Range
$2,230
1$2,2302$2,5003$2,5004$2,5605$2,750
$2,750
RENT COMPS ANALYSIS
  • 2438 Kingsland Ave Oakland, 4
    • 2 beds 2 baths ∙ 1,070 Sqft ∙ Built 1930 2 beds 2 baths ∙ 1,070 Sqft ∙ Built 1930
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $2.39
    •  
  • 2830 23rd Avenue Oakland, 1
    • 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1914 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1914
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $2.23
    •  
  • 2560 68th Ave Oakland, 2
    • 2 beds 1 baths ∙ 1,068 Sqft ∙ Built 1924 2 beds 1 baths ∙ 1,068 Sqft ∙ Built 1924
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.34
    •  
  • 2557 61st Ave Oakland, 3
    • 2 beds 1 baths ∙ 960 Sqft ∙ Built 1939 2 beds 1 baths ∙ 960 Sqft ∙ Built 1939
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.60
    •  
  • 3227 School St Oakland, 5
    • 2 beds 1 baths ∙ 1,105 Sqft ∙ Built 1940 2 beds 1 baths ∙ 1,105 Sqft ∙ Built 1940
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.49
    •  
PROPERTY LISTING DETAILS
Ismael Aramburu
Ri California Realty
BESbswy