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3915 Lusk St Oakland, CA 94608

4 Beds 4 Baths 2,600 sqft Built 1913

$1,275,000

List Price

$4,770

$4.5K - $5K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1913
  • Price/Sqft : $490.38
  • 4 Days on Market
  • MLS # : EB40927758
  • Updated Date : 11/07/2020 at 12:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,600 sqft
  • Baths : 4 full
Listing Agent

Portia+rohm Realty

Listing Agent's Description

Two houses on one lot! The main house is a stunning Craftsman, completely rebuilt in 2020. Historic exterior details and colors are exceptional. Classy combination of navy siding, rich burgundy trims and golden corbels are complemented by modern crispy white accents. Abundance of natural light and all new systems provide the enjoyable living while outstanding architecture, perfect indoor-outdoor flow, and lush beautiful backyard make this home a perfect space for entertainment and family gathering. Original oak floors, fireplace, built-ins, navy kitchen with marble backsplash, waterfall island, designer finishes, one car garage plus additional off-street parking space. New storybook 1BD/1BA house (ADU) in the rear has its own outdoor space surrounded with blooming iceberg roses, gorgeous strawberry trees and grape vines. This exceptional home in walker's paradise (5 min walk to BART) provides everything for modern luxury living and enjoyment of nature and an active urban lifestyle.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Longfellow

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $244k1015k

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

Neighborhood: Longfellow

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000320034003600Rent in $13913689

* 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
 

$1,147,500$1,402,500$1,275,000

PURCHASE PRICE

$4,293$5,247$4,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,770
EXPENSES Loan Payment -$4,704
Property Tax -$1,303
Property Insurance -$90
Property Management Fees -$234
CASH FLOW
-$1,561

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.

$1,275,000

PROJECTED PRICE

$4,770

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.9%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$343,625

INVESTMENT

$343,625

Down Payment
$318,750
Rehab Estimate
$5,750
Closing Costs
$19,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,704

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $318,750
Loan Amount $956,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$7,929

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
  • $7,826

    COMP ESTIMATED VALUE
  • $3.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$7,4003$8,100
$8,100
RENT COMPS ANALYSIS
  • 3915 Lusk St Oakland, CA 1
    • 4 beds 4 baths ∙ 2,600 Sqft ∙ Built 1913 4 beds 4 baths ∙ 2,600 Sqft ∙ Built 1913
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 39 Wildwood Ave Piedmont, CA 2
    • 4 beds 4 baths ∙ 2,770 Sqft ∙ Built 1921 4 beds 4 baths ∙ 2,770 Sqft ∙ Built 1921
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $7,400
    • $2.67
    •  
  • 209 Ricardo Ave Piedmont, CA 3
    • 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 1927 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 1927
    LEASED 11/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $8,100
    • $3.35
    •  
PROPERTY LISTING DETAILS
Vladlena Mcclure
Portia+rohm Realty
BESbswy