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3244 Dakota St Oakland, CA 94602

2 Beds 1 Baths 1,051 sqft Built 1924

$725,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1924
  • Price/Sqft : $689.82
  • 3 Days on Market
  • MLS # : MR40930452
  • Updated Date : 11/27/2020 at 16:59
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,051 sqft
  • Baths : 1 full
Listing Agent

Windermere Napa Valley Properties

Listing Agent's Description

Lucrative opportunity in the Laurel District! A 2br/1ba home at the dead-end of the street. Upon the wonderful stairway to entry you will see a lovely open floorplan. Both bedrooms have walk in closets! Granite countertops in the kitchen with plenty of storage area and a mud room in the back. Down below is a one car garage and full basement that has a washer and dryer, as well as poured cement for recreational use within the area. Backyard is where the value is with a large side area, avocado tree and room for a potential multi-unit development (buyer to verify).

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Laurel

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: Laurel

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2120014001600180020002200240026002800300032003400Rent in $11663490

* 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
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,675
Property Tax -$882
Property Insurance -$53
Property Management Fees -$149
CASH FLOW
-$1,018

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.

$725,000

PROJECTED PRICE

$2,740

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.3%
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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,249

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
  • $2,835

    COMP ESTIMATED VALUE
  • $2.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$2,7504$2,8005$3,350
$3,350
RENT COMPS ANALYSIS
  • 3244 Dakota St Oakland, CA 1
    • 2 beds 1 baths ∙ 1,051 Sqft ∙ Built 1924 2 beds 1 baths ∙ 1,051 Sqft ∙ Built 1924
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2311 Humboldt 2 Oakland, CA 2
    • 2 beds 2 baths ∙ 950 Sqft ∙ Built 1912 2 beds 2 baths ∙ 950 Sqft ∙ Built 1912
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.79
    •  
  • 3227 School St Oakland, CA 3
    • 2 beds 1 baths ∙ 1,105 Sqft ∙ Built 1940 2 beds 1 baths ∙ 1,105 Sqft ∙ Built 1940
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.49
    •  
  • Patterson Ave Oakland, CA 4
    • 2 beds 1 baths ∙ 1,025 Sqft ∙ Built 1937 2 beds 1 baths ∙ 1,025 Sqft ∙ Built 1937
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.73
    •  
  • 2444 E 28th St Oakland, CA 5
    • 2 beds 1 baths ∙ 1,205 Sqft ∙ Built 1937 2 beds 1 baths ∙ 1,205 Sqft ∙ Built 1937
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.78
    •  
PROPERTY LISTING DETAILS
Nicolas Valdivia
Windermere Napa Valley Properties
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