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4033 Coolidge Ave Oakland, CA 94602

3 Beds 2 Baths 984 sqft Built 1915

$895,000

List Price

$3,260

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1915
  • Price/Sqft : $909.55
  • 3 Days on Market
  • MLS # : EB40933562
  • Updated Date : 01/08/2021 at 07:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 984 sqft
  • Baths : 1 full , 1 half
Listing Agent

Tarpoff & Talbert Ltd.

Listing Agent's Description

Picture perfect farm house centrally sited on almost 10,000 sq. ft. of extended land. Located on wider curve of upper Coolidge Avenue. Peaceable in character. The 3 Bedrooms are intimate yet allow separation. A kitchen for gatherings. Vintage Wedgewood stove, Bosch dishwasher, soft-close cabinets, quartz counters and space for indoor dining with a half bath tucked in the corner. The french doors open to a large arbored patio made of Texas cream limestone. A great place to lull and take in the surrounding user-friendly, soft rolling land and many edible garden goodies. Walk the paths slowly to take it all in. Mosaics, a water containment system that catches the rainwater from the garage roof, the "kryptonite" blue stone area under the orange tree. There is so much to enjoy. And then there is the two car garage. A truly terrific garage!

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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
 

$805,500$984,500$895,000

PURCHASE PRICE

$2,934$3,586$3,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,260
EXPENSES Loan Payment -$3,109
Property Tax -$1,089
Property Insurance -$51
Property Management Fees -$160
CASH FLOW
-$1,148

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.

$895,000

PROJECTED PRICE

$3,260

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.0%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$242,925

INVESTMENT

$242,925

Down Payment
$223,750
Rehab Estimate
$5,750
Closing Costs
$13,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,109

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $223,750
Loan Amount $671,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,272

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
  • $3,031

    COMP ESTIMATED VALUE
  • $3.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,300
$3,300
RENT COMPS ANALYSIS
  • 4033 Coolidge Ave Oakland, CA 1
    • 3 beds 2 baths ∙ 984 Sqft ∙ Built 1915 3 beds 2 baths ∙ 984 Sqft ∙ Built 1915
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4107 Porter St Oakland, CA 2
    • 3 beds 2 baths ∙ 1,014 Sqft ∙ Built 1924 3 beds 2 baths ∙ 1,014 Sqft ∙ Built 1924
    property image
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $3.16
    •  
  • 3427 Laguna Ave Oakland, CA 3
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1900 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1900
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $3.00
    •  
PROPERTY LISTING DETAILS
Anet Tarpoff
Tarpoff & Talbert Ltd.
BESbswy