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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Neighborhood: Oak Knoll Golf Links
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oak Knoll Golf Links
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$190,985
LOAN DETAILS
$2,579
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $174,750 |
| Loan Amount | $524,250 |
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.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,392
COMP ESTIMATED VALUE -
$2.02
COMP AVG. RENT PER SQFT
Comps Range
-
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
The Grubb Company
