Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1924
- Price/Sqft : $656.80
- 3 Days on Market
- MLS # : BE40933599
- Updated Date : 01/08/2021 at 12:05
CONSTRUCTION
- Beds : 3
- Floor Size : 912 sqft
- Baths : 2 full
Listing Agent
Redfin
Listing Agent's Description
New Year, new home! Fully updated house with extra detached bonus space in the Fruitvale/Patten area of Oakland. This 3 bedroom, 2 bath home with recessed lighting offers a kitchen with energy saving appliances, breakfast bar, attached garage and indoor laundry area. Enjoy the recently done updates to the home which include owned solar panels, touch screen ADT security system, digital Nest thermostat, newly added AC, water heater and furnace. The detached and finished bonus space once used as a studio offers endless possibilities. Picture yourself enjoying the spacious backyard after a long day, which has recently paved cement. Front yard will have a fully enclosed iron gate within the next 2 weeks. With a walking score of 86, transit score of 56 and near 580 freeways, you'll be just a few minutes away from grocery stores, hidden food gems, BART and schools. Do not miss out on this amazing opportunity to become a homeowner!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Patten
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Patten
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,880 |
| EXPENSES | Loan Payment | -$2,081 |
| Property Tax | -$729 | |
| Property Insurance | -$49 | |
| Property Management Fees | -$149 | |
|
CASH FLOW
-$128
|
||
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.
$599,000
PROJECTED PRICE
$2,880
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 14.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.63% |
| 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
$164,485
LOAN DETAILS
$2,081
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $149,750 |
| Loan Amount | $449,250 |
5.83
YEARS SAVED
$40,082
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
-
$2,467
COMP ESTIMATED VALUE -
$2.71
COMP AVG. RENT PER SQFT
Comps Range
-
2600 Fruitvale Ave Oakland, CA 1
- 3 beds 2 baths ∙ 912 Sqft ∙ Built 1924 3 beds 2 baths ∙ 912 Sqft ∙ Built 1924
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5546 E 16th St Oakland, CA 2
- 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1914 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1914
![property image]()
LEASED 07/19/19- Rent
- Rent Per SQFT
- $3,000
- $2.50
-
2084 Harrington Ave Oakland, CA 3
- 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1920 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1920
![property image]()
LEASED 12/16/20- Rent
- Rent Per SQFT
- $3,200
- $2.91
PROPERTY LISTING DETAILS
Redfin
