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PROPERTY INFO
FACTS
- Single Family
- Built In 1925
- Price/Sqft : $522.32
- 3 Days on Market
- MLS # : EB40932345
- Updated Date : 12/19/2020 at 12:27
CONSTRUCTION
- Beds : 2
- Floor Size : 1,120 sqft
- Baths : 1 full
Listing Agent
Compass
Listing Agent's Description
Fantastic starter home with intact craftsman details. Hardwood floors throughout and freshly landscaped, this 2/1 has a nice long driveway and detached garage. The bedrooms are large and there is plenty of storage throughout the home. The property is located near great transit and commute options-
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PRICE & RENT TRENDS
Neighborhood: Eastmont Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Eastmont Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,810 |
| EXPENSES | Loan Payment | -$2,158 |
| Property Tax | -$712 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$149 | |
|
CASH FLOW
-$263
|
||
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.
$585,000
PROJECTED PRICE
$2,810
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 9.2% |
| 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
$160,775
LOAN DETAILS
$2,158
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $146,250 |
| Loan Amount | $438,750 |
4.83
YEARS SAVED
$34,252
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
-
$2,806
COMP ESTIMATED VALUE -
$2.51
COMP AVG. RENT PER SQFT
Comps Range
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2830 Parker Ave Oakland, CA 1
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- Rent
- Rent Per SQFT
- $0
- $0.00
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2824 23rd Avenue Oakland, CA 2
- 2 beds 1 baths ∙ 900 Sqft ∙ Built 1914 2 beds 1 baths ∙ 900 Sqft ∙ Built 1914
LEASED 09/09/20- Rent
- Rent Per SQFT
- $2,335
- $2.59
-
2560 68th Ave Oakland, CA 3
- 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 4
- 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 5
- 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
PROPERTY LISTING DETAILS
Compass
