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2933 76th Ave Oakland, CA 94605

2 Beds 2 Baths 1,074 sqft Built 1926

INVESTimate

$598,000

List Price

$2,640

$2,390 - $2,890

Rent Est.

$652,777  ( +9.16%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1926
  • Price/Sqft : $556.80
  • 2 Days on Market
  • MLS # : BE40917249
  • Updated Date : 08/25/2020 at 03:03
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,074 sqft
  • Baths : 2 full
Listing Agent

Starwood Realty Inc.

Listing Agent's Description

Beautiful Oakland home centrally located. Bay view from the living room. This home is a Gem with beautiful Brazilian Cherry wood floors in the living and dining rooms. The kitchen features Tile floors with gorgeous granite counters and stainless steel appliances. Crown molding and wide base boards finish off living and dining room. Wonderful new roll out windows to capture the breeze. New carpet was just installed in the 2 bedrooms. The back yard is like having your very own Zen Garden, with the beautiful flowers and palm trees with a shaded patio with additional BBQ area. The flow of this home feels so large and roomy because every inch of the home is all living space. Small office computer area is right off the front room. The home has new siding with new exterior paint and will also have paid off solar for energy efficency. All you have to do is move right in!!

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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
 

$538,200$657,800$598,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,206
Property Tax -$728
Property Insurance -$53
Property Management Fees -$149
CASH FLOW
-$496

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.

$598,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.16%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,220

INVESTMENT

$164,220

Down Payment
$149,500
Rehab Estimate
$5,750
Closing Costs
$8,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,206

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,500
Loan Amount $448,500
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$16,025

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
  • $2,607

    COMP ESTIMATED VALUE
  • $2.43

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2303$2,5004$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 2933 76th Ave Oakland, 1
    • 2 beds 2 baths ∙ 1,074 Sqft ∙ Built 1926 2 beds 2 baths ∙ 1,074 Sqft ∙ Built 1926
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2830 23rd Avenue Oakland, 2
    • 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1914 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1914
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $2.23
    •  
  • 2560 68th Ave Oakland, 3
    • 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
    •  
  • 2557 61st Ave Oakland, 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, 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
Holly Christopulos
Starwood Realty Inc.
BESbswy