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3169 Maxwell Ave Oakland, CA 94619

3 Beds 2 Baths 1,620 sqft Built 1925

INVESTimate

$825,000

List Price

$3,570

$3,320 - $3,820

Rent Est.

$929,693  ( +12.69%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1925
  • Price/Sqft : $509.26
  • 6 Days on Market
  • MLS # : EB40917701
  • Updated Date : 08/25/2020 at 13:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,620 sqft
  • Baths : 2 full
Listing Agent

The Grubb Company

Listing Agent's Description

Welcome home to this charming Spanish Bungalow nestled on a gentle hill in the desirable Maxwell Park neighborhood.� This home has successfully combined the original 1920's character with stylish updates and is perfect for the today's indoor, outdoor, room to roam lifestyle.� Great for entertaining as the main level is complete with a light-filled living room, dining room, and the kitchen that leads you to spacious patios.� The large living room features a cozy fireplace and expansive picture windows framing lovely views of the hills. �The inviting kitchen with a breakfast nook and island is happy and bright.� French doors from the kitchen and third bedroom open level-out to an expansive and private back yard paradise. �Offering a rolling green lawn, blossoming flowers and sunny deck patios. Perfect for all day relaxing, work and play.� This home features 2 full bathrooms and 3 generous sized bedrooms, including a large and private master suite with walk-in closet.

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PRICE & RENT TRENDS

Neighborhood: Maxwell Park

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $243k1015k

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

Neighborhood: Maxwell Park

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21600180020002200240026002800300032003400Rent in $14083490

* 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
 

$742,500$907,500$825,000

PURCHASE PRICE

$3,213$3,927$3,570

RENT

DOWN PAYMENT
FINANCING

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-$15k-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,570
EXPENSES Loan Payment -$3,044
Property Tax -$1,004
Property Insurance -$67
Property Management Fees -$175
CASH FLOW
-$720

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.

$825,000

PROJECTED PRICE

$3,570

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.69%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$18,105

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,570

    LIST RENT
  • $2.15

    LIST RENT PER SQFT
  • $3,718

    COMP ESTIMATED VALUE
  • $2.24

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,5703$3,8004$4,100
$4,100
RENT COMPS ANALYSIS
  • 3169 Maxwell Ave Oakland, 2
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1925 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1925
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,570
    • $2.15
    •  
  • 2031 81st Ave Oakland, 1
    • 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1926 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1926
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.20
    •  
  • 2763 Rawson St Oakland, 3
    • 3 beds 1 baths ∙ 1,700 Sqft ∙ Built 1923 3 beds 1 baths ∙ 1,700 Sqft ∙ Built 1923
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.24
    •  
  • 2532 68th Ave Oakland, 4
    • 4 beds 1 baths ∙ 1,800 Sqft ∙ Built 1923 4 beds 1 baths ∙ 1,800 Sqft ∙ Built 1923
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $2.28
    •  
PROPERTY LISTING DETAILS
Jill Carrigan
The Grubb Company
BESbswy