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4307 Market St Oakland, CA 94608

2 Beds 1 Baths 1,154 sqft Built 1918

$550,000

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1918
  • Price/Sqft : $476.60
  • 7 Days on Market
  • MLS # : CC40927807
  • Updated Date : 11/06/2020 at 13:20
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,154 sqft
  • Baths : 1 full
Listing Agent

Homesmart Optima Realty, Inc

Listing Agent's Description

FIXER UPPER DREAM, Great house with beautiful hardwood floors, has humongous potential for an individual with a vision. consider this house a blank canvas for your unlimited imagination. Come over and take a look you will not be disappointed. Please walk with caution as it is a bit dark down stairs.

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PRICE & RENT TRENDS

Neighborhood: Longfellow

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $244k1015k

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

Neighborhood: Longfellow

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000320034003600Rent in $13913689

* 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
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$2,029
Property Tax -$776
Property Insurance -$55
Property Management Fees -$152
CASH FLOW
$88

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.

$550,000

PROJECTED PRICE

$3,100

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.9%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$69,538

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
  • $3,150

    COMP ESTIMATED VALUE
  • $2.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5753$2,9754$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 4307 Market St Oakland, CA 1
    • 2 beds 1 baths ∙ 1,154 Sqft ∙ Built 1918 2 beds 1 baths ∙ 1,154 Sqft ∙ Built 1918
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1039 57th Street A Oakland, CA 2
    • 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1910 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1910
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $2.58
    •  
  • 5325 Lowell St Oakland, CA 3
    • 2 beds 1 baths ∙ 1,010 Sqft ∙ Built 1925 2 beds 1 baths ∙ 1,010 Sqft ∙ Built 1925
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $2.95
    •  
  • 85 Linda Ave Piedmont, CA 4
    • 2 beds 2 baths ∙ 1,100 Sqft ∙ Built 1906 2 beds 2 baths ∙ 1,100 Sqft ∙ Built 1906
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.73
    •  
  • 5447 Lawton Ave Oakland, CA 5
    • 2 beds 1 baths ∙ 1,127 Sqft ∙ Built 1912 2 beds 1 baths ∙ 1,127 Sqft ∙ Built 1912
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.66
    •  
PROPERTY LISTING DETAILS
Gerry Carbajal
Homesmart Optima Realty, Inc
BESbswy