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PROPERTY INFO
FACTS
- Single Family
- Built In 1913
- Price/Sqft : $899.91
- 3 Days on Market
- MLS # : EB40931087
- Updated Date : 12/11/2020 at 03:06
CONSTRUCTION
- Beds : 2
- Floor Size : 1,109 sqft
- Baths : 1 full
Listing Agent
Red Oak Realty
Listing Agent's Description
Amazing location! Located 1 block off Piedmont Ave. along a row of 100+ year old homes, perched up high off the street for maximum privacy. Grand entry flows into bright living spaces, modern kitchen is beautiful w/ island and eating nook. High ceilings throughout. Tons of storage in laundry room. Peaceful backyard w/ deck & built-in benches, pavers, plantings, and a detached bonus structure for remote work & school. Detached 2-car garage gives off-street parking & rooftop deck to enjoy views of the hills with your social bubble. Idyllic lifestyle just 1 block from numerous culinary take-out restaurants. Improvements include replaced foundation w/ seismic retrofit, sewer lateral is compliant, tankless water heater, forced air furnace, double paned windows, and more. Getting to SF and Uptown Oakland is a breeze. It's hard to imagine finding a better lace to call home.
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PRICE & RENT TRENDS
Neighborhood: Piedmont Avenue
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Piedmont Avenue
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,270 |
| EXPENSES | Loan Payment | -$3,682 |
| Property Tax | -$1,259 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$160 | |
|
CASH FLOW
-$1,885
|
||
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
$3,270
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 12.8% |
| 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
$270,220
LOAN DETAILS
$3,682
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $249,500 |
| Loan Amount | $748,500 |
0.08
YEARS SAVED
$66
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,083
COMP ESTIMATED VALUE -
$2.78
COMP AVG. RENT PER SQFT
Comps Range
-
4335 Howe Street Oakland, CA 1
- 2 beds 1 baths ∙ 1,109 Sqft ∙ Built 1913 2 beds 1 baths ∙ 1,109 Sqft ∙ Built 1913
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5325 Lowell St Oakland, CA 2
- 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 3
- 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 4
- 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
Red Oak Realty
