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3977 Barner Ave Oakland, CA 94602

3 Beds 2 Baths 1,248 sqft Built 1927

INVESTimate

$849,800

List Price

$3,540

$3,290 - $3,790

Rent Est.

$918,039  ( +8.03%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1927
  • Price/Sqft : $680.93
  • 7 Days on Market
  • MLS # : BE40917552
  • Updated Date : 08/24/2020 at 12:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,248 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Charming remodeled Oakland home located in the Lincoln Heights highly sought-after neighborhood with gracious homes, great weather, easy access to many amenities. The main entry upper level features three bedrooms, two bathrooms, stunning updated eat-in-kitchen, formal dining room, and family room with fireplace. One of the bedrooms and bathrooms have a door that can be used to access as an in-law suite. The lower level includes a partial basement and one car garage with work area. Conveniently located near the Diamond District, Monte Clair, shopping, parks, swimming, and transportation options for 580, 13, AC Transit, and BART.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lincoln Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $253k1078k

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

Neighborhood: Lincoln Highlands

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
 

$764,820$934,780$849,800

PURCHASE PRICE

$3,186$3,894$3,540

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

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,540
EXPENSES Loan Payment -$3,135
Property Tax -$1,034
Property Insurance -$57
Property Management Fees -$173
CASH FLOW
-$860

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.

$849,800

PROJECTED PRICE

$3,540

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.03%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,947

INVESTMENT

$230,947

Down Payment
$212,450
Rehab Estimate
$5,750
Closing Costs
$12,747

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,135

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,450
Loan Amount $637,350
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$11,246

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
  • $3,944

    COMP ESTIMATED VALUE
  • $3.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,200
$3,200
RENT COMPS ANALYSIS
  • 3977 Barner Ave Oakland, 1
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1927 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1927
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4107 Porter St Oakland, 2
    • 3 beds 2 baths ∙ 1,014 Sqft ∙ Built 1924 3 beds 2 baths ∙ 1,014 Sqft ∙ Built 1924
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $3.16
    •  
PROPERTY LISTING DETAILS
Joe Schembri
Coldwell Banker Realty
BESbswy