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3300 Wilson Pl Oakland, CA 94602

3 Beds 2 Baths 1,136 sqft Built 1924

$649,000

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1924
  • Price/Sqft : $571.30
  • 4 Days on Market
  • MLS # : EB40930886
  • Updated Date : 12/05/2020 at 07:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,136 sqft
  • Baths : 1 full , 1 half
Listing Agent

Avenue 8 Inc.

Listing Agent's Description

A true gem in Oakland's Dimond District! Sunny home features many upgrades, yet shines with original details: Craftsman fireplace & gleaming oak floors. 3rd bedroom functions as a Bonus room with beautiful wooden French Doors opening to a huge deck shaded by towering Redwoods. Here is an ideal home office/flex space: Imagine working (or working out) with the magical sounds of chirping birds & gurgling stream tumbling over mossy rocks! Certified as a Backyard Wildlife Habitat: large, level, full of greenery & flowers, as dappled sunlight teases California native landscaping & invites plentiful bird & butterfly activity. Located at the end of a cul-de-sac, bordered by Curt Flood Field there's a special sense of open space, peace & quiet though near the freeway. So, access to all parts of our amazing East Bay is almost immediate, including all the amenities of nearby Fruitvale & Dimond commercial districts, plus endless hiking & biking trails of Redwood Regional Park just 12 min. away.

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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
 

$584,100$713,900$649,000

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$2,395
Property Tax -$962
Property Insurance -$55
Property Management Fees -$149
CASH FLOW
-$650

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.

$649,000

PROJECTED PRICE

$2,910

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,395

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$9,214

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
  • $2,911

    COMP ESTIMATED VALUE
  • $2.56

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,6504$2,7505$3,350
$3,350
RENT COMPS ANALYSIS
  • 3300 Wilson Pl Oakland, CA 1
    • 2 beds 2 baths ∙ 1,136 Sqft ∙ Built 1924 2 beds 2 baths ∙ 1,136 Sqft ∙ Built 1924
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1963 E 38th St Upper Oakland, CA 2
    • 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1920 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1920
    LEASED 11/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.19
    •  
  • 2311 Humboldt 2 Oakland, CA 3
    • 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 4
    • 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
    •  
  • 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
Jeff Weissman
Avenue 8 Inc.
BESbswy