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2964 Barrett St Oakland, CA 94605

2 Beds 1 Baths 1,000 sqft Built 1947

$599,950

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $599.95
  • 3 Days on Market
  • MLS # : BE40931172
  • Updated Date : 12/05/2020 at 03:08
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,000 sqft
  • Baths : 1 full
Listing Agent

Litvinchuk Real Estate

Listing Agent's Description

Lovely Well Maintained Home in Desirable Chabot Parks Neighborhood. 2 Bedrooms 1 Bath 1 Car Detached Garage plus Living Room with Cozy Fireplace for all those Family Gatherings. Formal Dining Room. Kitchen with Ample Cabinets & Electric Stove. Laundry Room. Attractive Low Maintenance Yards. Easy Access to 580 Freeway, Shopping, Oakland Zoo, East Bay Innovation Academy Public Charter School (open to all students in the bay area).

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PRICE & RENT TRENDS

Neighborhood: Chabot Park

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $253k1085k

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

Neighborhood: Chabot Park

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800Rent in $14183863

* 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
 

$539,955$659,945$599,950

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$2,214
Property Tax -$730
Property Insurance -$51
Property Management Fees -$149
CASH FLOW
-$644

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.

$599,950

PROJECTED PRICE

$2,500

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

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$164,737

INVESTMENT

$164,737

Down Payment
$149,988
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,988
Loan Amount $449,963
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$7,345

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
  • $2,498

    COMP ESTIMATED VALUE
  • $2.5

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0003$2,7004$2,8005$3,200
$3,200
RENT COMPS ANALYSIS
  • 2964 Barrett St Oakland, CA 1
    • 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1947 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9903 Walnut St Oakland, CA 2
    • 2 beds 1 baths ∙ 733 Sqft ∙ Built 1938 2 beds 1 baths ∙ 733 Sqft ∙ Built 1938
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $2.73
    •  
  • 2401 106th Ave. Oakland, CA 3
    • 2 beds 1 baths ∙ 1,063 Sqft ∙ Built 1946 2 beds 1 baths ∙ 1,063 Sqft ∙ Built 1946
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.54
    •  
  • 3401 Margarita Ave Oakland, CA 4
    • 2 beds 2 baths ∙ 1,338 Sqft ∙ Built 1954 2 beds 2 baths ∙ 1,338 Sqft ∙ Built 1954
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.09
    •  
  • 736 Juana Ave San Leandro, CA 5
    • 2 beds 1 baths ∙ 1,218 Sqft ∙ Built 1940 2 beds 1 baths ∙ 1,218 Sqft ∙ Built 1940
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.63
    •  
PROPERTY LISTING DETAILS
Paul Litvinchuk
Litvinchuk Real Estate
BESbswy