Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4314 Allendale Ave Oakland, CA 94619

2 Beds 2 Baths 1,176 sqft Built 1938

$749,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1938
  • Price/Sqft : $636.90
  • 5 Days on Market
  • MLS # : EB40934074
  • Updated Date : 01/15/2021 at 12:06
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,176 sqft
  • Baths : 1 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Lovely Maxwell Park Bungalow - Vintage 1938 charm: brick chimney, woodwork, corner windows. Driveway, garden, wisteria trellis gate. Roofed brick porch, tiled entry w/coat closet. Refinished hardwood floors, casual open floor plan, updated kitchen & baths. Sunny beamed living room: corner picture windows, brick fireplace, built-ins, square arch to dining room: new chandelier, opens to kitchen & back hall. Cheery kitchen: recessed lights, corner window over sink, chef's desk, gray counters, s/s appliances, breakfast bar, laundry cubby, half bath, back door. Hall (linen closet, attic storage), 2 bedrooms with big closets, garden views. Renewed full bath. Peaceful yard: converted garage (office, family room) w/ skylights, basketball hoop, sliding glass doors to pavered patios, flower/grass/veggie beds, hot tub nestled under serene & stately redwood. Close to everything: shopping, coffee, gym, restaurants, commuter's dream with freeways, buses and casual carpool all in close proximity.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maxwell Park

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $243k1015k

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

Neighborhood: Maxwell Park

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21600180020002200240026002800300032003400Rent in $14083490

* 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
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,602
Property Tax -$911
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
-$947

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.

$749,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.7%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

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$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,710

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $2.36

    LIST RENT PER SQFT
  • $2,961

    COMP ESTIMATED VALUE
  • $2.52

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7503$2,7504$2,7705$2,800
$2,800
RENT COMPS ANALYSIS
  • 4314 Allendale Ave Oakland, CA 4
    • 2 beds 2 baths ∙ 1,176 Sqft ∙ Built 1938 2 beds 2 baths ∙ 1,176 Sqft ∙ Built 1938
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $2.36
    •  
  • Princeton St Oakland, CA 1
    • 2 beds 1 baths ∙ 1,004 Sqft ∙ Built 1931 2 beds 1 baths ∙ 1,004 Sqft ∙ Built 1931
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.49
    •  
  • 3227 School St Oakland, CA 2
    • 2 beds 1 baths ∙ 1,105 Sqft ∙ Built 1940 2 beds 1 baths ∙ 1,105 Sqft ∙ Built 1940
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.49
    •  
  • 1539 53rd Ave Oakland, CA 3
    • 2 beds 2 baths ∙ 1,164 Sqft ∙ Built 1928 2 beds 2 baths ∙ 1,164 Sqft ∙ Built 1928
    property image
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.36
    •  
  • Patterson Ave Oakland, CA 5
    • 2 beds 1 baths ∙ 1,025 Sqft ∙ Built 1937 2 beds 1 baths ∙ 1,025 Sqft ∙ Built 1937
    property image
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.73
    •  
PROPERTY LISTING DETAILS
Jennie A. Flanigan
Compass
BESbswy