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2484 Rawson St Oakland, CA 94601

2 Beds 1 Baths 1,250 sqft Built 1923

$699,000

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1923
  • Price/Sqft : $559.20
  • 7 Days on Market
  • MLS # : EB40929458
  • Updated Date : 11/20/2020 at 13:48
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,250 sqft
  • Baths : 1 full
Listing Agent

Bhg Highland Partners

Listing Agent's Description

Welcome to Maxwell Park. This 2 bedroom and 1 bath home is centrally located near the Laurel district, Mills College, parks and more. As you enter there is plenty of room for shaking off the chill and rain before you enter the front room that features a stone fireplace. Next is a spacious dining room offering well crafted period built-in cabinets. You will appreciate the classic octagonal bathroom tiles, cooler than cool man-cave/office/playroom with knotty wood paneling and pool table in the attic and period bath with seldom seen separate shower stall and tub surround. Enjoy your days lounging in the sunny backyard with bountiful fruit trees.

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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$2,579
Property Tax -$850
Property Insurance -$57
Property Management Fees -$149
CASH FLOW
-$726

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.

$699,000

PROJECTED PRICE

$2,910

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

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

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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$9,228

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
  • $3,100

    COMP ESTIMATED VALUE
  • $2.48

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,5004$2,5005$2,750
$2,750
RENT COMPS ANALYSIS
  • 2484 Rawson St Oakland, CA 1
    • 2 beds 1 baths ∙ 1,250 Sqft ∙ Built 1923 2 beds 1 baths ∙ 1,250 Sqft ∙ Built 1923
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2560 68th Ave Oakland, CA 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
    •  
  • Princeton St Oakland, CA 3
    • 2 beds 1 baths ∙ 1,004 Sqft ∙ Built 1931 2 beds 1 baths ∙ 1,004 Sqft ∙ Built 1931
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.49
    •  
  • 2557 61st Ave Oakland, CA 4
    • 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, CA 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
Michael Stephens
Bhg Highland Partners
BESbswy