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3630 Hillview St Oakland, CA 94602

3 Beds 2 Baths 1,718 sqft Built 1928

$925,000

List Price

$4,510

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1928
  • Price/Sqft : $538.42
  • 3 Days on Market
  • MLS # : EB40929554
  • Updated Date : 11/21/2020 at 09:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,718 sqft
  • Baths : 2 full
Listing Agent

The Grubb Company

Listing Agent's Description

Welcome to this charming 1928 home nestled at the end of a cul-de-sac street. The living room is spacious with many architectural details including a picture window, a pretty fireplace, niches in the wall and hardwood floors. It opens to a dining room and a light filled kitchen with a cozy eat-in area and laundry. From there, step out onto a deck with a view of the lovely back yard. It's the perfect place to barbecue, dining al fresco or just enjoy reading a good book. On the same level are two bedrooms with hardwood floors and a full updated bathroom. Downstairs is a third large bedroom, that can be used as a primary suite, with a full bathroom, closet and a hobby or Zoom room. The private and enclosed back yard has a patio/sitting area, a turf lawn, soothing greenery and a variety of fruit trees including a Santa Rosa plum, Meyer lemon, mandarin orange and avocado as well as a passion fruit vine and thornless blackberries.

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PRICE & RENT TRENDS

Neighborhood: Upper Dimond

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1015k

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

Neighborhood: Upper Dimond

NeighborhoodNIR Market*CityMarket2010Year20012019 Q214001600180020002200240026002800300032003400Rent in $13713490

* 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
 

$832,500$1,017,500$925,000

PURCHASE PRICE

$4,059$4,961$4,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,510
EXPENSES Loan Payment -$3,413
Property Tax -$1,125
Property Insurance -$69
Property Management Fees -$221
CASH FLOW
-$318

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.

$925,000

PROJECTED PRICE

$4,510

PROJECTED RENT

0.49%

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 4.60%
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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k

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$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$3,413

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$63,107

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $4,510

    LIST RENT
  • $2.63

    LIST RENT PER SQFT
  • $4,925

    COMP ESTIMATED VALUE
  • $2.87

    COMP AVG. RENT PER SQFT
Comps Range
$4,510
1$4,5102$4,6803$4,7004$5,500
$5,500
RENT COMPS ANALYSIS
  • 3630 Hillview St Oakland, CA 1
    • 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1928 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1928
    • Rent
    • Rent Per SQFT
    •  
    • $4,510
    • $2.63
    •  
  • 3624 Victor Ave Oakland, CA 2
    • 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1930 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1930
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,680
    • $2.92
    •  
  • 2527 Castello Oakland, CA 3
    • 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1925 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1925
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $2.94
    •  
  • 3386 Kiwanis St Oakland, CA 4
    • 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 1939 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 1939
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.74
    •  
PROPERTY LISTING DETAILS
Liat Bostick
The Grubb Company
BESbswy