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2659 Carisbrook Dr Oakland, CA 94611

4 Beds 3 Baths 2,445 sqft Built 1952

$1,389,000

List Price

$5,470

$5.2K - $5.7K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1952
  • Price/Sqft : $568.10
  • 2 Days on Market
  • MLS # : EB40928425
  • Updated Date : 11/07/2020 at 12:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,445 sqft
  • Baths : 3 full
Listing Agent

Golden Gate Sothebys International Realty

Listing Agent's Description

This mid-century VIEW home is just waiting for you! The main level has 4 beds and 2 baths and a large kitchen that opens to the expansive deck. The outdoor space is perfect for savoring the SF/Bay views and is ideal for entertaining and enjoying family and friends. The sunsets are spectacular! The huge lower level has a rec room with wet bar, full bath, laundry, workshops, storage room and room to park 3+ cars. The area provides amazing potential for future development of an in-law, studio, home theater and much more and STILL have room for cars! Inviting back yard and patio. Located on a very desirable street in Piedmont Pines, you will enjoy the serenity of this lovely neighborhood and community. With the Regional Parks just up the block there is easy access to all the trails and amenities. Nearby is charming Montclair Village and freeways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Piedmont Pines

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $253k1261k

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

Neighborhood: Piedmont Pines

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21500200025003000350040004500Rent in $14184831

* 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
 

$1,250,100$1,527,900$1,389,000

PURCHASE PRICE

$4,923$6,017$5,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,470
EXPENSES Loan Payment -$5,125
Property Tax -$1,690
Property Insurance -$86
Property Management Fees -$268
CASH FLOW
-$1,699

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.

$1,389,000

PROJECTED PRICE

$5,470

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.4%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$373,835

INVESTMENT

$373,835

Down Payment
$347,250
Rehab Estimate
$5,750
Closing Costs
$20,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $347,250
Loan Amount $1,041,750
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$6,820

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,470

    LIST RENT
  • $2.24

    LIST RENT PER SQFT
  • $8,240

    COMP ESTIMATED VALUE
  • $3.37

    COMP AVG. RENT PER SQFT
Comps Range
$5,470
1$5,4702$8,000
$8,000
RENT COMPS ANALYSIS
  • 2659 Carisbrook Dr Oakland, CA 1
    • 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 1952 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $5,470
    • $2.24
    •  
  • 341 Pacific Ave Piedmont, CA 2
    • 3 beds 4 baths ∙ 2,373 Sqft ∙ Built 1936 3 beds 4 baths ∙ 2,373 Sqft ∙ Built 1936
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $8,000
    • $3.37
    •  
PROPERTY LISTING DETAILS
Aleso Gourhan
Golden Gate Sothebys International Realty
BESbswy