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4335 Howe Street Oakland, CA 94611

2 Beds 1 Baths 1,109 sqft Built 1913

$998,000

List Price

$3,270

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
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.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Piedmont Avenue

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $253k1078k

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

Neighborhood: Piedmont Avenue

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $14184516

* 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
 

$898,200$1,097,800$998,000

PURCHASE PRICE

$2,943$3,597$3,270

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,220

INVESTMENT

$270,220

Down Payment
$249,500
Rehab Estimate
$5,750
Closing Costs
$14,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$3,682

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,500
Loan Amount $748,500
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,083

    COMP ESTIMATED VALUE
  • $2.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9753$3,0004$3,000
$3,000
RENT COMPS ANALYSIS
  • 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
Grace Bishop
Red Oak Realty
BESbswy