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3915 Canon Ave. Oakland, CA 94602

2 Beds 2 Baths 1,005 sqft Built 1925

INVESTimate

$849,000

List Price

$3,210

$2,960 - $3,460

Rent Est.

$942,984  ( +11.07%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1925
  • Price/Sqft : $844.78
  • 8 Days on Market
  • MLS # : EB40917184
  • Updated Date : 08/25/2020 at 10:04
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,005 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Don't miss this lovely updated bungalow with modern finishes and fab outdoor spaces. Ideally located in the popular lower Glenview neighborhood on a quiet tree lined street that offers both tranquility and convenience. The sun filled living room is bright and open to the eat-in kitchen which boasts designer finishes; new quartz counters, Heath Ceramic tile, brass faucet & hardware, stainless steel appliances and spacious eat- in dining area. 2 bedrooms and beautiful freshly updated bathroom complete the main level. Large private terraced yard is perfect for relaxing, dining and entertaining. The lower level features a second bathroom, bonus space( office area/ zoom room!) laundry, attached garage & built-ins provide bonus storage. Convenient to casual carpool, AC Transit, freeways. Walkable to Glenview & Dimond's popular restaurants and cafes and just a few mins walk to Dimond park.

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PRICE & RENT TRENDS

Neighborhood: Glenview

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $253k1078k

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

Neighborhood: Glenview

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800Rent in $14183863

* 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
 

$764,100$933,900$849,000

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$3,132
Property Tax -$1,033
Property Insurance -$51
Property Management Fees -$157
CASH FLOW
-$1,164

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.

$849,000

PROJECTED PRICE

$3,210

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.07%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,132

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,425

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,210

    LIST RENT
  • $3.19

    LIST RENT PER SQFT
  • $2,764

    COMP ESTIMATED VALUE
  • $2.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7503$2,9504$3,2105$3,350
$3,350
RENT COMPS ANALYSIS
  • 3915 Canon Ave. Oakland, 4
    • 2 beds 2 baths ∙ 1,005 Sqft ∙ Built 1925 2 beds 2 baths ∙ 1,005 Sqft ∙ Built 1925
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $3.19
    •  
  • 2311 Humboldt 2 Oakland, 1
    • 2 beds 2 baths ∙ 950 Sqft ∙ Built 1912 2 beds 2 baths ∙ 950 Sqft ∙ Built 1912
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.79
    •  
  • 1963 E 38th St Upper Oakland, 2
    • 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1920 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1920
    property image
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.62
    •  
  • 2840 23rd Avenue Oakland, 3
    • 2 beds 1 baths ∙ 1,050 Sqft ∙ Built 1914 2 beds 1 baths ∙ 1,050 Sqft ∙ Built 1914
    property image
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.81
    •  
  • 2444 E 28th St Oakland, 5
    • 2 beds 1 baths ∙ 1,205 Sqft ∙ Built 1937 2 beds 1 baths ∙ 1,205 Sqft ∙ Built 1937
    property image
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.78
    •  
PROPERTY LISTING DETAILS
Glennie Kramer-baker
Compass
BESbswy