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2918 Partridge Ave Oakland, CA 94605

2 Beds 1 Baths 960 sqft Built 1942

$649,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1942
  • Price/Sqft : $676.04
  • 3 Days on Market
  • MLS # : CC40932311
  • Updated Date : 12/18/2020 at 12:49
CONSTRUCTION
  • Beds : 2
  • Floor Size : 960 sqft
  • Baths : 1 full
Listing Agent

Dolan Realty Company

Listing Agent's Description

This is a charming Eastmont Hills home with views of San Francisco and Bay Bridge. You will love its classic features with a separate living and dining area. This home has plenty of windows allowing the natural light to shine throughout the home. This home has been updated with new paint inside and out, new kitchen cabinets with quartz counter tops, new windows, roof and more! The newly landscaped backyard is expansive and perfect for entertaining.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Eastmont Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $222k1015k

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

Neighborhood: Eastmont Hills

NeighborhoodNIR Market*CityMarket2010Year20012019 Q214001600180020002200240026002800300032003400Rent in $12743490

* 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
 

$584,100$713,900$649,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$2,395
Property Tax -$790
Property Insurance -$50
Property Management Fees -$149
CASH FLOW
-$983

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.

$649,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,395

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$575

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $2.5

    LIST RENT PER SQFT
  • $2,393

    COMP ESTIMATED VALUE
  • $2.49

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,5004$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 2918 Partridge Ave Oakland, CA 1
    • 2 beds 1 baths ∙ 960 Sqft ∙ Built 1942 2 beds 1 baths ∙ 960 Sqft ∙ Built 1942
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.50
    •  
  • 2560 68th Ave Oakland, CA 2
    • 2 beds 1 baths ∙ 1,068 Sqft ∙ Built 1924 2 beds 1 baths ∙ 1,068 Sqft ∙ Built 1924
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.34
    •  
  • Princeton St Oakland, CA 3
    • 2 beds 1 baths ∙ 1,004 Sqft ∙ Built 1931 2 beds 1 baths ∙ 1,004 Sqft ∙ Built 1931
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $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
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.60
    •  
  • 2401 106th Ave. Oakland, CA 5
    • 2 beds 1 baths ∙ 1,063 Sqft ∙ Built 1946 2 beds 1 baths ∙ 1,063 Sqft ∙ Built 1946
    property image
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.54
    •  
PROPERTY LISTING DETAILS
Chrissy Kim
Dolan Realty Company
BESbswy