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4128 Shone Avenue Oakland, CA 94605

3 Beds 2 Baths 1,104 sqft Built 1946

INVESTimate

$796,000

List Price

$2,640

$2,390 - $2,890

Rent Est.

$863,342  ( +8.46%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1946
  • Price/Sqft : $721.01
  • 6 Days on Market
  • MLS # : MR40917693
  • Updated Date : 08/22/2020 at 11:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,104 sqft
  • Baths : 2 full
Listing Agent

Alliance Bay Realty

Listing Agent's Description

A must see! Absolutely stunning Sequoyah Hills home. Tastefully remodeled in 2018.Three bedrooms two full baths; cozy master suite with closet. Bright and open living and dining area with fireplace. Custom window coverings installed throughout; gourmet designer kitchen with grey shaker cabinets and stainless steel appliances.Carrera-style quartz counters and backsplash. Newly installed, fully paid solar panels and Tesla power wall system, equipped to power the entire house in case of any outage and low PG&E bill. Expansive outdoor space with two large decks, beautifully landscaped front and backyard with well kept Sequoyah trees, flowers and vegetable gardens. New children's play structure, new redwood fencing in the front. Large driveway, detached insulated garage that can be used as an office/studio space. Bay-area Alarm system installed. Newer Washer/Dryer included. Newer Heating/AC unit.Schlage Smart lock. ECOBEE Thermostat.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sequoyah

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1031k

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

Neighborhood: Sequoyah

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21600180020002200240026002800300032003400360038004000Rent in $14184161

* 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
 

$716,400$875,600$796,000

PURCHASE PRICE

$2,376$2,904$2,640

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

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 $2,640
EXPENSES Loan Payment -$2,937
Property Tax -$968
Property Insurance -$54
Property Management Fees -$149
CASH FLOW
-$1,468

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.

$796,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.46%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$216,690

INVESTMENT

$216,690

Down Payment
$199,000
Rehab Estimate
$5,750
Closing Costs
$11,940

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,000
Loan Amount $597,000
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$73

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
  • $2,484

    COMP ESTIMATED VALUE
  • $2.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$3,0004$3,000
$3,000
RENT COMPS ANALYSIS
  • 4128 Shone Avenue Oakland, 1
    • 3 beds 2 baths ∙ 1,104 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,104 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Sunshine Ct Oakland, 2
    • 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1965
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.02
    •  
  • 7600 Deerwood Ave Oakland, 3
    • 3 beds 2 baths ∙ 1,185 Sqft ∙ Built 1941 3 beds 2 baths ∙ 1,185 Sqft ∙ Built 1941
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.53
    •  
  • 2031 81st Ave Oakland, 4
    • 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1926 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1926
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.20
    •  
PROPERTY LISTING DETAILS
Mehrunnisa Baig
Alliance Bay Realty
BESbswy