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39 Kingwood Rd Oakland, CA 94619

3 Beds 3 Baths 1,730 sqft Built 1988

$998,000

List Price

$3,830

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $576.88
  • 3 Days on Market
  • MLS # : EB40934495
  • Updated Date : 01/16/2021 at 09:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,730 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Redesigned serene home in Oakland hills on friendly private street. Minutes to downtown, Montclair, regional trails, Chabot Space & Science Center, parks and top rated schools! Home features 3 bedrooms. Large mst ste with updated spa like bath. High end finishes, 2 sinks, large walk in closet. Two additional rooms and bath on same level. Laundry room w/storage. Eat-in kitchen has been updated with newer appliances, limestone counter, custom tile work and fixtures. Formal dining room opens to private deck under majestic oak trees, w/peak of the Bay. Additional wet bar w/Ann Saks tile, prep sink, open shelves. Large light filled living room w/ gas fireplace. New Zealand Wool Carpeting and ceramic tile throughout. Additional updated guest 1/2 bath on main level. Large 2 car garage with interior entrance. Ample storage and built-in shelving. Relax under the stars on spacious private deck. Perfect location for commuters and only minutes to farmers markets, gourmet dining and shops!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crestmont

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $253k1078k

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

Neighborhood: Crestmont

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21600180020002200240026002800300032003400360038004000Rent in $14184175

* 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
 

$898,200$1,097,800$998,000

PURCHASE PRICE

$3,447$4,213$3,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,830
EXPENSES Loan Payment -$3,466
Property Tax -$1,214
Property Insurance -$69
Property Management Fees -$188
CASH FLOW
-$1,107

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.

$998,000

PROJECTED PRICE

$3,830

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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-$20k-$15k-$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$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,220

INVESTMENT

$270,220

Down Payment
$249,500
Rehab Estimate
$5,750
Closing Costs
$14,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,466

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,500
Loan Amount $748,500
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$5,041

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,830

    LIST RENT
  • $2.21

    LIST RENT PER SQFT
  • $4,213

    COMP ESTIMATED VALUE
  • $2.44

    COMP AVG. RENT PER SQFT
Comps Range
$3,830
1$3,8302$4,2503$4,400
$4,400
RENT COMPS ANALYSIS
  • 39 Kingwood Rd Oakland, CA 1
    • 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,830
    • $2.21
    •  
  • 4326 Terrabella Way Oakland, CA 2
    • 3 beds 3 baths ∙ 1,594 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,594 Sqft ∙ Built 2000
    property image
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.67
    •  
  • 4909 Stoneridge Ct Oakland, CA 3
    • 3 beds 3 baths ∙ 2,003 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,003 Sqft ∙ Built 1988
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $2.20
    •  
PROPERTY LISTING DETAILS
Theresa Hope Broderick
Compass
BESbswy