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3746 Buell St Oakland, CA 94619

3 Beds 2 Baths 1,206 sqft Built 1948

$699,000

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1948
  • Price/Sqft : $579.60
  • 2 Days on Market
  • MLS # : MR40929341
  • Updated Date : 11/14/2020 at 10:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,206 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Welcome home to this fully reimaged 3bed/2bath home with the right balance of indoor/outdoor living. The home features an easy-flowing floor plan with abundance of natural light. The chef's kitchen is renovated with modern dark shaker cabinets, white quartz countertop, subway tile backsplash, & stainless steel appliances. Both bathrooms are renovated with white shaker vanity with mirror, LED vanity light, contemporary grey floor tiles, subway wall tile & soak-in tub in the owner's suite. The sliding door off the kitchen opens up into the oversized backyard with a large deck and patio perfect for entertaining & BBQ. Also, don't miss the bonus backyard studio; it is perfect as a home office or an exercise room. Other features include double-pane windows, warm-toned laminate floorings throughout, 4" LED lights in livingroom, kitchen, and dining, central heat with Nest thermostat and stacked washer & dryer in hallway & attached garage. Blocks away from Laurel Shopping District, shops, 580

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PRICE & RENT TRENDS

Neighborhood: Upper Laurel

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1015k

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

Neighborhood: Upper Laurel

NeighborhoodNIR Market*CityMarket2010Year20012019 Q214001600180020002200240026002800300032003400Rent in $13323490

* 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

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$2,579
Property Tax -$850
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
-$665

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

$2,970

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.8%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$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 60% 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

2.17

YEARS SAVED

$12,176

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,970

    LIST RENT
  • $2.46

    LIST RENT PER SQFT
  • $2,436

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,970
$2,970
RENT COMPS ANALYSIS
  • 3746 Buell St Oakland, CA 2
    • 3 beds 2 baths ∙ 1,206 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,206 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $2.46
    •  
  • Sunshine Ct Oakland, CA 1
    • 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
Vincent Heung
Compass
BESbswy