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4016 Patterson Oakland, CA 94619

2 Beds 2 Baths 1,466 sqft Built 1930

$799,000

List Price

$3,310

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1930
  • Price/Sqft : $545.02
  • 4 Days on Market
  • MLS # : CC40926869
  • Updated Date : 10/31/2020 at 12:19
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,466 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Bright and open floorplan. Newly painted and staged living spaces. Host family and friends in the comfortable surroundings. The side living area is perfect for home office, remote learning or extra bedroom. Formal dining room, hardwood floors, and updated kitchen. Indoor and Outdoor dining on the expansive deck which is ideal for bbqs. Don't miss the full basement with workshop and temp controlled wine cellar. Eco friendly rain barrels for your garden area including a koi pond. Tree lined streets beckon you home. Minutes from Laurel commercial district shops, restaurants, Jordan Park, as well as Transbay bus stop a few blocks away. Join your neighbors and walk to local coffee shops. Enjoy what Oakland has to offer with a quick commute to San Francisco or East Bay.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Redwood Heights

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $253k1078k

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

Neighborhood: Redwood Heights

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
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,979$3,641$3,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,310
EXPENSES Loan Payment -$2,948
Property Tax -$972
Property Insurance -$63
Property Management Fees -$162
CASH FLOW
-$835

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.

$799,000

PROJECTED PRICE

$3,310

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.9%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$9,269

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,310

    LIST RENT
  • $2.26

    LIST RENT PER SQFT
  • $3,308

    COMP ESTIMATED VALUE
  • $2.26

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$3,0003$3,3104$3,350
$3,350
RENT COMPS ANALYSIS
  • 4016 Patterson Oakland, CA 3
    • 2 beds 2 baths ∙ 1,466 Sqft ∙ Built 1930 2 beds 2 baths ∙ 1,466 Sqft ∙ Built 1930
    • Rent
    • Rent Per SQFT
    •  
    • $3,310
    • $2.26
    •  
  • 5815 Avenal Ave Oakland, CA 1
    • 2 beds 2 baths ∙ 1,333 Sqft ∙ Built 1917 2 beds 2 baths ∙ 1,333 Sqft ∙ Built 1917
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.95
    •  
  • 3226 Champion St Oakland, CA 2
    • 2 beds 2 baths ∙ 1,471 Sqft ∙ Built 1924 2 beds 2 baths ∙ 1,471 Sqft ∙ Built 1924
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.04
    •  
  • 2444 E 28th St Oakland, CA 4
    • 2 beds 1 baths ∙ 1,205 Sqft ∙ Built 1937 2 beds 1 baths ∙ 1,205 Sqft ∙ Built 1937
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.78
    •  
PROPERTY LISTING DETAILS
Sarah Arnold
Keller Williams Realty
BESbswy