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3283 Hyde St Oakland, CA 94601

5 Beds 1 Baths 1,831 sqft Built 1916

$749,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1916
  • Price/Sqft : $409.07
  • 3 Days on Market
  • MLS # : EB40929961
  • Updated Date : 11/20/2020 at 14:31
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,831 sqft
  • Baths : 1 full
Listing Agent

Red Oak Realty

Listing Agent's Description

This gem is loaded with old-world charm.The covered porch leads to a beautiful ornate door that really sets the mood for what's next. As you enter, you go back in time to a period where details mattered.Beautiful hardwood floors with inlays.A grand stone fireplace is flanked by Crafstman-style stained glass windows.Built-in cabinets with stained glass doors frame the entry into the dining room.This dining room is special, enveloping box-beamed ceilings, wainscoting, built-in hutch with elaborate glass details,great natural light,and an elegant light fixture to bring it all together.The kitchen is large and has a mixture of beautiful tiles of a bygone era and a classic subway tile for a refreshed look behind the stove. New kitchen appliances(Nov. 2020).The property just had the floors refinished throughout,and has.Most light fixtures have been replaced during this same time period.The unfinished basement offers plenty of storage space. Cute backyard with lots of mature fruit trees

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PRICE & RENT TRENDS

Neighborhood: Patten

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $205k1015k

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

Neighborhood: Patten

NeighborhoodNIR Market*CityMarket2010Year20012019 Q214001600180020002200240026002800300032003400Rent in $12893490

* 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
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,763
Property Tax -$911
Property Insurance -$71
Property Management Fees -$149
CASH FLOW
-$965

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.

$749,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.6%
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-$15k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$2,960

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
  • $2,966

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1503$3,500
$3,500
RENT COMPS ANALYSIS
  • 3283 Hyde St Oakland, CA 1
    • 5 beds 1 baths ∙ 1,831 Sqft ∙ Built 1916 5 beds 1 baths ∙ 1,831 Sqft ∙ Built 1916
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2 Peroly Ct Oakland, CA 2
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1923 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1923
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.58
    •  
  • 3030 Bona Oakland, CA 3
    • 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 1906 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 1906
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.66
    •  
PROPERTY LISTING DETAILS
Charles Cook
Red Oak Realty
BESbswy