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3457 Margarita Ave Oakland, CA 94605

3 Beds 2 Baths 1,184 sqft Built 1953

$699,000

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1953
  • Price/Sqft : $590.37
  • 4 Days on Market
  • MLS # : EB40927811
  • Updated Date : 11/06/2020 at 11:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,184 sqft
  • Baths : 2 full
Listing Agent

The Grubb Company

Listing Agent's Description

Overlooking the gorgeous drought-resistant plantings in the front yard from your new porch, divert your attention across the horizon and you'll see the Oakland Zoo elephants roaming their grounds as the gondolas traverse the sky above. That's just one of the many nuances about your new home that make it unique and outright cool. A constantly evolving southerly bay view from the upper lawn under the shade of the redwoods, an incredible elevated storage area that's practically the size of a bedroom in the garage, remote lit cabinet lights in the tastefully upgraded kitchen and a multitude of hang-out spots in the magnificent backyard are just a few of the intriguing lifestyle elements calling your name. Did I mention the chicken coop? Nothing like fresh natural eggs to start your day off right. Remarkably quiet for its location near freeway access, the neighborhood will feature the nearby Oak Knoll development offering grocery and restaurants, bike and walking trails and much more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Oak Knoll Golf Links

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $240k1022k

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

Neighborhood: Oak Knoll Golf Links

NeighborhoodNIR Market*CityMarket2010Year20012019 Q214001600180020002200240026002800300032003400Rent in $13583490

* 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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$2,579
Property Tax -$904
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
-$858

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.

$699,000

PROJECTED PRICE

$2,830

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,180

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
  • $2,392

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,650
$2,650
RENT COMPS ANALYSIS
  • 3457 Margarita Ave Oakland, CA 1
    • 3 beds 2 baths ∙ 1,184 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,184 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Sunshine Ct Oakland, CA 2
    • 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1965
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.02
    •  
PROPERTY LISTING DETAILS
Doug Sager
The Grubb Company
BESbswy