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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Maxwell Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Maxwell Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$190,985
LOAN DETAILS
$2,579
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $174,750 |
| Loan Amount | $524,250 |
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.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,100
COMP ESTIMATED VALUE -
$2.48
COMP AVG. RENT PER SQFT
Comps Range
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2560 68th Ave Oakland, CA 2
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LEASED 09/01/19- Rent
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- $2,500
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LEASED 09/11/20- Rent
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- $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
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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
Bhg Highland Partners
