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3226 Champion St Oakland, CA 94602

4 Beds 3 Baths 1,711 sqft Built 1924

$888,888

List Price

$3,960

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1924
  • Price/Sqft : $519.51
  • 4 Days on Market
  • MLS # : BE40932928
  • Updated Date : 12/31/2020 at 09:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,711 sqft
  • Baths : 3 full
Listing Agent

Century 21 Pacific Realty

Listing Agent's Description

***CUTE DIMOND DISTRICT BEAUTY CLOSE TO EVERYTHING*** Walk to banks, restaurants, Farmer Joe's grocery store, Shell gas station, CVS or drive 2 exits north to the beautiful Lake Merritt and Lakeshore Blvd. Live in the 2 bedroom, 2 bathroom upper floor and rent out the finished basement which comes with 2 bedrooms and 1 bathroom, or use it as an office. Relax on the deck on beautiful days. Plant a vegetable or 2 in the terraced backyard. This fine home comes with a updated kitchen, updated bathrooms, tankless water heater, dual-pane windows. Live a second from i580 but hear no noise while inside. If you love Oakland and City Life then this home could fit you well.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: School

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: School

NeighborhoodNIR Market*CityMarket2010Year20012019 Q214001600180020002200240026002800300032003400Rent in $12603490

* 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
 

$799,999$977,777$888,888

PURCHASE PRICE

$3,564$4,356$3,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,960
EXPENSES Loan Payment -$3,280
Property Tax -$1,081
Property Insurance -$68
Property Management Fees -$194
CASH FLOW
-$663

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.

$888,888

PROJECTED PRICE

$3,960

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.6%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
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$0.0$10k$20k$30k

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$241,305

INVESTMENT

$241,305

Down Payment
$222,222
Rehab Estimate
$5,750
Closing Costs
$13,333

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,280

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $222,222
Loan Amount $666,666
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$27,376

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,960

    LIST RENT
  • $2.31

    LIST RENT PER SQFT
  • $4,893

    COMP ESTIMATED VALUE
  • $2.86

    COMP AVG. RENT PER SQFT
Comps Range
$3,960
1$3,9602$4,5003$4,6804$4,7005$5,500
$5,500
RENT COMPS ANALYSIS
  • 3226 Champion St Oakland, CA 1
    • 4 beds 3 baths ∙ 1,711 Sqft ∙ Built 1924 4 beds 3 baths ∙ 1,711 Sqft ∙ Built 1924
    • Rent
    • Rent Per SQFT
    •  
    • $3,960
    • $2.31
    •  
  • 525 Spruce St Oakland, CA 2
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1922 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1922
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.84
    •  
  • 3624 Victor Ave Oakland, CA 3
    • 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1930 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1930
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,680
    • $2.92
    •  
  • 2527 Castello Oakland, CA 4
    • 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1925 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1925
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $2.94
    •  
  • 3386 Kiwanis St Oakland, CA 5
    • 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 1939 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 1939
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.74
    •  
PROPERTY LISTING DETAILS
Paul Lejoy
Century 21 Pacific Realty
BESbswy