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401 Taurus Ave Oakland, CA 94611

3 Beds 2 Baths 1,700 sqft Built 1937

$975,000

List Price

$4,240

$4K - $4.5K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1937
  • Price/Sqft : $573.53
  • 4 Days on Market
  • MLS # : CC40934231
  • Updated Date : 01/14/2021 at 10:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,700 sqft
  • Baths : 2 full
Listing Agent

Redfin

Listing Agent's Description

If you saw the house a few months ago you won't believe the transition. This quaint home is set below the road, with immersive natural beauty and greenery, and an expansive, terraced backyard. A rare outdoor experience you won't find anywhere else in the hills. The 2nd level has been transformed into a primary retreat with en suite bathroom, office, family room and laundry room. The spiral staircase has been rebuilt, the kitchen and dining room have been updated and the fireplace has been redesigned. See views of the bay and the hills from the top of the property, and experience your own quiet, private space in the back. Offering ample deck space, and a number of options, like adding a pergola, planting a garden in the terraces, giving pets a place to roam, or creating a lush escape. The rear of the house faces south, giving the backyard plenty of sun. Watch the sunset with a glass of wine. Close to Downtown Montclair, parks, schools, trails and just a few minutes from the freeway.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Merriewood

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $253k1186k

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

Neighborhood: Merriewood

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $14184448

* 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
 

$877,500$1,072,500$975,000

PURCHASE PRICE

$3,816$4,664$4,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,240
EXPENSES Loan Payment -$3,387
Property Tax -$1,181
Property Insurance -$68
Property Management Fees -$208
CASH FLOW
-$603

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.

$975,000

PROJECTED PRICE

$4,240

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.9%
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-$10k$0.0$10k$20k$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$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,387

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$28,310

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,240

    LIST RENT
  • $2.49

    LIST RENT PER SQFT
  • $5,262

    COMP ESTIMATED VALUE
  • $3.09

    COMP AVG. RENT PER SQFT
Comps Range
$4,240
1$4,2402$4,9953$5,800
$5,800
RENT COMPS ANALYSIS
  • 401 Taurus Ave Oakland, CA 1
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1937 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1937
    • Rent
    • Rent Per SQFT
    •  
    • $4,240
    • $2.49
    •  
  • 1048 Annerley Rd Oakland, CA 2
    • 4 beds 3 baths ∙ 1,781 Sqft ∙ Built 1930 4 beds 3 baths ∙ 1,781 Sqft ∙ Built 1930
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,995
    • $2.80
    •  
  • 1080 Clarendon Cres Oakland, CA 3
    • 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1930 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1930
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,800
    • $3.39
    •  
PROPERTY LISTING DETAILS
Suzanne Masella
Redfin
BESbswy