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4162 Laguna Ave Oakland, CA 94602

3 Beds 2 Baths 1,751 sqft Built 1958

$998,000

List Price

$3,910

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $569.96
  • 7 Days on Market
  • MLS # : EB40933856
  • Updated Date : 01/14/2021 at 14:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,751 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Get your mid-century vibe on in this all-level three-bedroom home in Lincoln Heights. Lightly updated throughout, this sleek home is the perfect canvas for the next owner. Clean and crisp, with a marvelous living room and connected dining area. The bright updated kitchen and family room open out to a broad back patio with plenty of space for a gardener to make their mark. Part of the patio has an awning for shaded work and play, yet loads more open space for barbecuing. Lots of work-from-home flexibility. The long tandem driveway fits two or more cars, with a big detached garage at the end. Great proximity to Dimond shops, food, and transit.

SEE MORE

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
 

$898,200$1,097,800$998,000

PURCHASE PRICE

$3,519$4,301$3,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,910
EXPENSES Loan Payment -$3,466
Property Tax -$1,214
Property Insurance -$69
Property Management Fees -$192
CASH FLOW
-$1,032

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.

$998,000

PROJECTED PRICE

$3,910

PROJECTED RENT

0.39%

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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,220

INVESTMENT

$270,220

Down Payment
$249,500
Rehab Estimate
$5,750
Closing Costs
$14,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,466

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,500
Loan Amount $748,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$7,481

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,910

    LIST RENT
  • $2.23

    LIST RENT PER SQFT
  • $4,261

    COMP ESTIMATED VALUE
  • $2.43

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$3,9103$4,9954$5,500
$5,500
RENT COMPS ANALYSIS
  • 4162 Laguna Ave Oakland, CA 2
    • 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $3,910
    • $2.23
    •  
  • 5133 Daisy St Oakland, CA 1
    • 4 beds 3 baths ∙ 1,753 Sqft ∙ Built 1952 4 beds 3 baths ∙ 1,753 Sqft ∙ Built 1952
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.17
    •  
  • 2535 Chelsea Drive Oakland, CA 3
    • 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 1972
    LEASED 08/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,995
    • $2.39
    •  
  • 3386 Kiwanis St Oakland, CA 4
    • 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 1939 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 1939
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.74
    •  
PROPERTY LISTING DETAILS
Martha Hill
Compass
BESbswy