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2538 Leimert Blvd Oakland, CA 94602

4 Beds 4 Baths 3,449 sqft Built 2008

$1,249,000

List Price

$5,460

$5.2K - $5.7K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $362.13
  • 3 Days on Market
  • MLS # : EB40929958
  • Updated Date : 11/20/2020 at 14:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,449 sqft
  • Baths : 3 full , 1 half
Listing Agent

The Grubb Company

Listing Agent's Description

New listing. This elegant level-in Oakmore Contemporary offers an open floor plan with an abundance of natural light. The main level begins with a professional home office. A spacious living room flows seamlessly to the dining room and the tastefully designed chef's kitchen, with a peninsula island & eat-in area. A laundry room, half bath and large attached two-car garage complete this level. The lower living area starts with a cozy family room. There are four bedrooms on this level, each with its own personality. The primary bedroom suite has a fireplace, large walk-in closet and a luxurious bathroom. The second bedroom suite is perfect for guests. Two additional bedrooms share a conveniently located third bathroom. There are multiple points of access to the deck through French doors off of the family room and bedrooms. Nestled at the bottom of the property are stairs with private access to the Bridgeview walking trail. Just minutes to the Montclair Village, parks and shopping.

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PRICE & RENT TRENDS

Neighborhood: Oakmore

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $253k1114k

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

Neighborhood: Oakmore

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21600180020002200240026002800300032003400360038004000Rent in $14184174

* 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
 

$1,124,100$1,373,900$1,249,000

PURCHASE PRICE

$4,914$6,006$5,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,460
EXPENSES Loan Payment -$4,608
Property Tax -$1,600
Property Insurance -$110
Property Management Fees -$268
CASH FLOW
-$1,126

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.

$1,249,000

PROJECTED PRICE

$5,460

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.0%
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$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$336,735

INVESTMENT

$336,735

Down Payment
$312,250
Rehab Estimate
$5,750
Closing Costs
$18,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$4,608

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,250
Loan Amount $936,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$23,525

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,460

    LIST RENT
  • $1.58

    LIST RENT PER SQFT
  • $6,036

    COMP ESTIMATED VALUE
  • $1.75

    COMP AVG. RENT PER SQFT
Comps Range
$5,460
1$5,4602$6,500
$6,500
RENT COMPS ANALYSIS
  • 2538 Leimert Blvd Oakland, CA 1
    • 4 beds 4 baths ∙ 3,449 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,449 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $5,460
    • $1.58
    •  
  • 150 Colgett Dr Oakland, CA 2
    • 4 beds 4 baths ∙ 3,711 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,711 Sqft ∙ Built 1999
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $1.75
    •  
PROPERTY LISTING DETAILS
Regina Jacobs
The Grubb Company
BESbswy