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4006 Aspen Place Oakland, CA 94602

3 Beds 1 Baths 1,540 sqft Built 1932

INVESTimate

$795,000

List Price

$3,690

$3,440 - $3,940

Rent Est.

$896,760  ( +12.80%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1932
  • Price/Sqft : $516.23
  • 6 Days on Market
  • MLS # : BE40917670
  • Updated Date : 08/24/2020 at 09:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,540 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Resting on a private cul-de-sac in the Dimond District, 4006 Aspen Place is a delightful, light-filled 3+BD/1BA 1540 sq ft Tudor-inspired home boasting many charming period details including hardwood floors, coved ceilings, crown moldings, and large multi-pane windows. The home features a stylish eat-in kitchen, formal dining room, updated bath, and 3 bedrooms on one level. Downstairs is a spacious family/game room and a finished basement with laundry area and bonus space that could be configured as an office or studio. At the back of the home, an expansive deck sits over a creek bed lined with Eucalyptus trees, and is perfect for entertaining, with its own private bar. Conveniently located near Sausal Creek, Dimond Park (and the newly remodeled Lions Pool), Farmer Joe's Marketplace, shops, as well as commuter access, BART, and AC Transit bus lines.

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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
 

$715,500$874,500$795,000

PURCHASE PRICE

$3,321$4,059$3,690

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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 $3,690
EXPENSES Loan Payment -$2,933
Property Tax -$967
Property Insurance -$64
Property Management Fees -$181
CASH FLOW
-$455

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.

$795,000

PROJECTED PRICE

$3,690

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.80%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$216,425

INVESTMENT

$216,425

Down Payment
$198,750
Rehab Estimate
$5,750
Closing Costs
$11,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,933

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $198,750
Loan Amount $596,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$35,865

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
  • $4,497

    COMP ESTIMATED VALUE
  • $2.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,680
$4,680
RENT COMPS ANALYSIS
  • 4006 Aspen Place Oakland, 1
    • 3 beds 1 baths ∙ 1,540 Sqft ∙ Built 1932 3 beds 1 baths ∙ 1,540 Sqft ∙ Built 1932
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3624 Victor Ave Oakland, 2
    • 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1930 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1930
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,680
    • $2.92
    •  
PROPERTY LISTING DETAILS
David Gunderman
Keller Williams Realty
BESbswy