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4135 Emerald St Oakland, CA 94609

3 Beds 1 Baths 1,179 sqft Built 1916

$1,325,000

List Price

$3,630

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1916
  • Price/Sqft : $1,123.83
  • 3 Days on Market
  • MLS # : EB40931597
  • Updated Date : 12/12/2020 at 03:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,179 sqft
  • Baths : 1 full
Listing Agent

The Grubb Company

Listing Agent's Description

Step into the glass enclosed front porch of this quintessential craftsman bungalow and instantly feel at home. This warm and inviting oasis has been thoughtfully upgraded in harmony with the classic features of its era. With plantation shutters, fireplace, a built-in buffet anchoring the dining room, and a spacious kitchen, enjoy everything you need for modern life. Two bedrooms flank the classic bathroom complete with a luxurious Toto automatic toilet, eliminating the need for toilet paper! For a seamless connection to the outdoors, step onto the balcony for a birds' eye view of the abundant fig tree, plant a veggie garden, and enjoy the low maintenance, drought resistant landscaping. Make fresh lemonade from your own tree and host a BBQ throwdown under the lights of the outdoor dining pergola and lounge. A detached ADU studio with French doors facing the garden offers respite for guests, work-from-home privacy, or exercise space.

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PRICE & RENT TRENDS

Neighborhood: Temescal

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $253k1078k

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

Neighborhood: Temescal

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800Rent in $14183998

* 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
 

$1,192,500$1,457,500$1,325,000

PURCHASE PRICE

$3,267$3,993$3,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,630
EXPENSES Loan Payment -$4,889
Property Tax -$1,612
Property Insurance -$56
Property Management Fees -$178
CASH FLOW
-$3,104

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.

$1,325,000

PROJECTED PRICE

$3,630

PROJECTED RENT

0.27%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.6%
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$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$0.0

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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$356,875

INVESTMENT

$356,875

Down Payment
$331,250
Rehab Estimate
$5,750
Closing Costs
$19,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$4,889

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $331,250
Loan Amount $993,750
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$87

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
  • $3,195

    COMP ESTIMATED VALUE
  • $2.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9503$3,3004$4,250
$4,250
RENT COMPS ANALYSIS
  • 4135 Emerald St Oakland, CA 1
    • 3 beds 1 baths ∙ 1,179 Sqft ∙ Built 1916 3 beds 1 baths ∙ 1,179 Sqft ∙ Built 1916
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 670 34th Street Upper Unit Oakland, CA 2
    • 3 beds 1 baths ∙ 1,206 Sqft ∙ Built 1911 3 beds 1 baths ∙ 1,206 Sqft ∙ Built 1911
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.45
    •  
  • 702 30th Street Oakland, CA 3
    • 4 beds 2 baths ∙ 1,501 Sqft ∙ Built 1908 4 beds 2 baths ∙ 1,501 Sqft ∙ Built 1908
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.20
    •  
  • 50 Olive Ave Piedmont, CA 4
    • 3 beds 1 baths ∙ 1,220 Sqft ∙ Built 1923 3 beds 1 baths ∙ 1,220 Sqft ∙ Built 1923
    property image
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $3.48
    •  
PROPERTY LISTING DETAILS
Victoria Tseng
The Grubb Company
BESbswy