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3067 Broadmoor View Oakland, CA 94605

3 Beds 3 Baths 2,528 sqft Built 1964

$799,900

List Price

$3,630

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $316.42
  • 3 Days on Market
  • MLS # : CC40929254
  • Updated Date : 11/20/2020 at 03:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,528 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker

Listing Agent's Description

VIEWS, VIEWS, VIEWS! Walk into the large living room, take a seat & enjoy the sparkling, captivating San Francisco Bay views. This grand room w/large marble fireplace, picture-perfect window & built-in bar is meant for entertaining on a grand scale. It was even featured in an episode of HGTV's Design Remix! The view will definitely steal your guest's attention! The large dining room & open kitchen w/breakfast bar is also ideal for large dinner parties! Three generously sized beds & two full baths complete this floor. Head downstairs to the enormous lower-level w/unlimited possibilities. This floor even has its own private entrance! There is another full bath. This home has the space you have been looking for! The backyard w/its mature landscaping provides a quiet place to relax & even play a game of chess! Excellent commute location - close to shopping & located on a private, quiet cul-de-sac this home is sure to please. Excellent opportunity to make this Oakland Hills home your own!

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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
 

$719,910$879,890$799,900

PURCHASE PRICE

$3,267$3,993$3,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,630
EXPENSES Loan Payment -$2,951
Property Tax -$973
Property Insurance -$88
Property Management Fees -$178
CASH FLOW
-$560

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.

$799,900

PROJECTED PRICE

$3,630

PROJECTED RENT

0.45%

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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,724

INVESTMENT

$217,724

Down Payment
$199,975
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,951

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,975
Loan Amount $599,925
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$25,923

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,630

    LIST RENT
  • $1.44

    LIST RENT PER SQFT
  • $3,843

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,630
$3,630
RENT COMPS ANALYSIS
  • 3067 Broadmoor View Oakland, CA 2
    • 3 beds 3 baths ∙ 2,528 Sqft ∙ Built 1964 3 beds 3 baths ∙ 2,528 Sqft ∙ Built 1964
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,630
    • $1.44
    •  
  • 622 Catron Dr Oakland, CA 1
    • 4 beds 2 baths ∙ 2,376 Sqft ∙ Built 1944 4 beds 2 baths ∙ 2,376 Sqft ∙ Built 1944
    property image
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.52
    •  
PROPERTY LISTING DETAILS
Valerie Vicente
Coldwell Banker
BESbswy