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3606 Shone Ave Oakland, CA 94605

3 Beds 2 Baths 1,307 sqft Built 1930

$799,500

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1930
  • Price/Sqft : $611.71
  • 3 Days on Market
  • MLS # : EB40931779
  • Updated Date : 12/12/2020 at 10:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,307 sqft
  • Baths : 1 full , 1 half
Listing Agent

Better Homes Realty/mcarthr

Listing Agent's Description

Great buy with a nice view of the hills! 3 bedrooms 1.5 bathroom home, 1 car detached garage, fruit trees on large 7,980 sq. ft lot. Close to 580 freeway, shops, stores, and all conveniences. Please call agent for more details!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Eastmont Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $222k1015k

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

Neighborhood: Eastmont Hills

NeighborhoodNIR Market*CityMarket2010Year20012019 Q214001600180020002200240026002800300032003400Rent in $12743490

* 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
 

$719,550$879,450$799,500

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$2,950
Property Tax -$973
Property Insurance -$59
Property Management Fees -$149
CASH FLOW
-$1,170

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.

$799,500

PROJECTED PRICE

$2,960

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.2%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,618

INVESTMENT

$217,618

Down Payment
$199,875
Rehab Estimate
$5,750
Closing Costs
$11,993

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,950

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,875
Loan Amount $599,625
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$795

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
  • $3,058

    COMP ESTIMATED VALUE
  • $2.34

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$3,000
$3,000
RENT COMPS ANALYSIS
  • 3606 Shone Ave Oakland, CA 1
    • 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1930 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1930
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2836 23rd Avenue Oakland, CA 2
    • 3 beds 1 baths ∙ 1,150 Sqft ∙ Built 1914 3 beds 1 baths ∙ 1,150 Sqft ∙ Built 1914
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.48
    •  
  • 2031 81st Ave Oakland, CA 3
    • 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1926 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1926
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.20
    •  
PROPERTY LISTING DETAILS
James Earl Garrett
Better Homes Realty/mcarthr
BESbswy