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4217 Balfour Ave Oakland, CA 94610

4 Beds 4 Baths 2,290 sqft Built 1924

$1,388,000

List Price

$5,000

$4.8K - $5.3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1924
  • Price/Sqft : $606.11
  • 3 Days on Market
  • MLS # : BE40929255
  • Updated Date : 11/13/2020 at 16:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,290 sqft
  • Baths : 4 full
Listing Agent

Show Best Realty

Listing Agent's Description

This Crocker Highlands home was almost rebuilt in 2017: New foundation with 15 piers hit 16 feet deep rock. New framing to 12ft high ceiling on main floor. New roof truss/framing, new plywood and new shiggle. New and repaired stucco exterior walls. New dual pane windows. New large decks with SS handrails, 4 sliding doors to patios with canyon views. New engineered hardwood floor. New plumbing systems and new gas pipe from street to gas meter. New electricals and recessed LED throughout. Open concept design, extremely spacious and full of light and sun overlooking beautiful views. 4 bedrooms are all very large. 4 new bathrooms with double sinks and bath tops. Open kitchen with high-end quartz island and countertop, high end cabinets with soft closing plus wine rack, 36 inch large high end SS sink, high end European style faucet. LG SS French door refrigerator and dish washer. Cabinet pantry and large display cabinet for storage. LG washer and dryer with additional cabinets for storage

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PRICE & RENT TRENDS

Neighborhood: East Piedmont Heights

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $253k1358k

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

Neighborhood: East Piedmont Heights

NeighborhoodNIR Market*CityMarket2010Year20012019 Q215002000250030003500400045005000Rent in $14185245

* 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
 

$1,249,200$1,526,800$1,388,000

PURCHASE PRICE

$4,500$5,500$5,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,000
EXPENSES Loan Payment -$5,121
Property Tax -$1,689
Property Insurance -$82
Property Management Fees -$245
CASH FLOW
-$2,137

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.

$1,388,000

PROJECTED PRICE

$5,000

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.1%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$373,570

INVESTMENT

$373,570

Down Payment
$347,000
Rehab Estimate
$5,750
Closing Costs
$20,820

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,121

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $347,000
Loan Amount $1,041,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$562

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,000

    LIST RENT
  • $2.18

    LIST RENT PER SQFT
  • $7,046

    COMP ESTIMATED VALUE
  • $3.08

    COMP AVG. RENT PER SQFT
Comps Range
$5,000
1$5,0002$5,8003$6,9504$8,000
$8,000
RENT COMPS ANALYSIS
  • 4217 Balfour Ave Oakland, CA 1
    • 4 beds 4 baths ∙ 2,290 Sqft ∙ Built 1924 4 beds 4 baths ∙ 2,290 Sqft ∙ Built 1924
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.18
    •  
  • 316 Jerome Ave Piedmont, CA 2
    • 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 1918 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 1918
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,800
    • $2.63
    •  
  • 1624 Lower Grand Ave Piedmont, CA 3
    • 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 1923 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 1923
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,950
    • $3.23
    •  
  • 341 Pacific Ave Piedmont, CA 4
    • 3 beds 4 baths ∙ 2,373 Sqft ∙ Built 1936 3 beds 4 baths ∙ 2,373 Sqft ∙ Built 1936
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $8,000
    • $3.37
    •  
PROPERTY LISTING DETAILS
Bo Zhang
Show Best Realty
BESbswy