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4340 Montgomery St Oakland, CA 94611

2 Beds 1 Baths 1,135 sqft Built 1918

$779,000

List Price

$3,520

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1918
  • Price/Sqft : $686.34
  • 3 Days on Market
  • MLS # : BE40928273
  • Updated Date : 11/06/2020 at 16:10
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,135 sqft
  • Baths : 1 full
Listing Agent

Map Properties

Listing Agent's Description

MAP Properties is pleased to present this charming craftsman home with numerous original features. Located on a desirable street, just blocks from Piedmont Avenue restaurants and the Rockridge shopping center; this home is just waiting for your personal touch and tasteful updates! The brick fireplace and hardwood floors welcome you into the cozy living room with pocket doors leading to a formal dining room with beautiful built-in cabinetry. There are two bedrooms with coved ceilings and plenty of light along with a bonus sunroom which can be used as an office. A large eat-in kitchen provides the perfect canvas to customize as you wish. The spacious backyard includes a patio and plenty of room for kids, pets, gardening and entertaining. Roof is less than 5 years old and the furnace is brand new! Great opportunity to own a piece of this vibrant neighborhood with just some needed TLC.

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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
 

$701,100$856,900$779,000

PURCHASE PRICE

$3,168$3,872$3,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,520
EXPENSES Loan Payment -$2,874
Property Tax -$948
Property Insurance -$55
Property Management Fees -$172
CASH FLOW
-$529

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.

$779,000

PROJECTED PRICE

$3,520

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

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

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$212,185

INVESTMENT

$212,185

Down Payment
$194,750
Rehab Estimate
$5,750
Closing Costs
$11,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $194,750
Loan Amount $584,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$26,537

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
  • $3,155

    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
  • 4340 Montgomery St Oakland, CA 1
    • 2 beds 1 baths ∙ 1,135 Sqft ∙ Built 1918 2 beds 1 baths ∙ 1,135 Sqft ∙ Built 1918
    • 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
Ademuyiwa Adebiyi
Map Properties
BESbswy