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PROPERTY INFO
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
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Piedmont Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$373,570
LOAN DETAILS
$5,121
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $347,000 |
| Loan Amount | $1,041,000 |
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
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4217 Balfour Ave Oakland, CA 1
- 4 beds 4 baths ∙ 2,290 Sqft ∙ Built 1924 4 beds 4 baths ∙ 2,290 Sqft ∙ Built 1924
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- Rent
- Rent Per SQFT
- $5,000
- $2.18
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316 Jerome Ave Piedmont, CA 2
- 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 1918 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 1918
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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
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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
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