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2456 Alida Street Oakland, CA 94602

2 Beds 1 Baths 1,080 sqft Built 1928

$899,000

List Price

$3,210

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1928
  • Price/Sqft : $832.41
  • 3 Days on Market
  • MLS # : MR40933705
  • Updated Date : 01/09/2021 at 20:12
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,080 sqft
  • Baths : 1 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This captivatingly beautiful residence offers impeccable Bay Area views enclosed by a high wall for privacy and solitude. This gem won't last!This craftsman bungalow offers inspiring spaces and an exceptional amount of outdoor space with brand new roof and plumbing. It has beautiful original hardwood floors, an extraordinarily bright white bathroom. Open floor plan as well as a spacious living room/dining area with perfect for entertaining family and friends.Enjoy the large kitchen area that leads into a beautiful backyard oasis ideal for gardening.

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PRICE & RENT TRENDS

Neighborhood: Lincoln Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $253k1078k

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

Neighborhood: Lincoln Highlands

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800Rent in $14183863

* 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
 

$809,100$988,900$899,000

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$3,123
Property Tax -$1,094
Property Insurance -$53
Property Management Fees -$157
CASH FLOW
-$1,217

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.

$899,000

PROJECTED PRICE

$3,210

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.0%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$717

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
  • $2,751

    COMP ESTIMATED VALUE
  • $2.55

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,7504$2,8005$3,350
$3,350
RENT COMPS ANALYSIS
  • 2456 Alida Street Oakland, CA 1
    • 2 beds 1 baths ∙ 1,080 Sqft ∙ Built 1928 2 beds 1 baths ∙ 1,080 Sqft ∙ Built 1928
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1963 E 38th St Upper Oakland, CA 2
    • 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1920 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1920
    property image
    LEASED 11/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.19
    •  
  • 3227 School St Oakland, CA 3
    • 2 beds 1 baths ∙ 1,105 Sqft ∙ Built 1940 2 beds 1 baths ∙ 1,105 Sqft ∙ Built 1940
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.49
    •  
  • Patterson Ave Oakland, CA 4
    • 2 beds 1 baths ∙ 1,025 Sqft ∙ Built 1937 2 beds 1 baths ∙ 1,025 Sqft ∙ Built 1937
    property image
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.73
    •  
  • 2444 E 28th St Oakland, CA 5
    • 2 beds 1 baths ∙ 1,205 Sqft ∙ Built 1937 2 beds 1 baths ∙ 1,205 Sqft ∙ Built 1937
    property image
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.78
    •  
PROPERTY LISTING DETAILS
Rose Lucas
Coldwell Banker Realty
BESbswy