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2475 Cole St Oakland, CA 94601

3 Beds 1 Baths 1,614 sqft Built 1941

$799,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1941
  • Price/Sqft : $495.04
  • 3 Days on Market
  • MLS # : EB40927036
  • Updated Date : 11/06/2020 at 15:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,614 sqft
  • Baths : 1 full
Listing Agent

Compass

Listing Agent's Description

Spacious and charming 3BD/1BA in Maxwell Park. Positioned high on the street, this is a house with great bones. Hardwood floors throughout-the large, light-filled living room offers an inviting brick fireplace and views from the picture window; the spacious kitchen retains its original charm, including a vintage Wedgewood stove; the 3 bedrooms are bright and spacious. Downstairs takes you to a large 2 car garage with interior access to the house, workshop and an extra bonus room great for storage or a hobby. Freshly painted exterior and new landscaping, this home has been lovingly maintained over many years. Conveniently located to BART, I-580, I-880, transportation and shops and restaurants.

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
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$2,948
Property Tax -$972
Property Insurance -$66
Property Management Fees -$159
CASH FLOW
-$895

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.

$799,000

PROJECTED PRICE

$3,250

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.7%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$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$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$7,436

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $2.01

    LIST RENT PER SQFT
  • $3,502

    COMP ESTIMATED VALUE
  • $2.17

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2503$3,4004$3,8005$4,100
$4,100
RENT COMPS ANALYSIS
  • 2475 Cole St Oakland, CA 2
    • 3 beds 1 baths ∙ 1,614 Sqft ∙ Built 1941 3 beds 1 baths ∙ 1,614 Sqft ∙ Built 1941
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.01
    •  
  • 2031 81st Ave Oakland, CA 1
    • 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1926 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1926
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.20
    •  
  • 1571 77th Ave Oakland, CA 3
    • 4 beds 2 baths ∙ 1,733 Sqft ∙ Built 1929 4 beds 2 baths ∙ 1,733 Sqft ∙ Built 1929
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.96
    •  
  • 2763 Rawson St Oakland, CA 4
    • 3 beds 1 baths ∙ 1,700 Sqft ∙ Built 1923 3 beds 1 baths ∙ 1,700 Sqft ∙ Built 1923
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.24
    •  
  • 2532 68th Ave Oakland, CA 5
    • 4 beds 1 baths ∙ 1,800 Sqft ∙ Built 1923 4 beds 1 baths ∙ 1,800 Sqft ∙ Built 1923
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.28
    •  
PROPERTY LISTING DETAILS
Kara Thacker
Compass
BESbswy