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4403 Pleasant Valley Ct. N Oakland, CA 94611

2 Beds 1 Baths 912 sqft Built 1924

INVESTimate

$889,000

List Price

$3,180

$2,930 - $3,430

Rent Est.

$1,002,881  ( +12.81%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1924
  • Price/Sqft : $974.78
  • 7 Days on Market
  • MLS # : BE40917503
  • Updated Date : 08/20/2020 at 14:58
CONSTRUCTION
  • Beds : 2
  • Floor Size : 912 sqft
  • Baths : 1 full
Listing Agent

Compass

Listing Agent's Description

Oakland Oasis, nestled between the vibrant Temescal and Piedmont districts, this charming light-filled 1924 Craftsman Bungalow fixer is oozing with potential and is ready for the TLC it deserves. This quaint single-family home features of 2 bedrooms and 1 bathroom and has a total of 912 sq ft. Full unfinished basement with great room for storage and other possibilities.The bungalow is within walking distance of the vibrant Piedmont Avenue which boasts numerous restaurants and shops. It is also within walking distance to the local parks. Need to commute? It is an easy walk to Ashby BART, easy access to HWY 24, 580, and 980. Children's Hospital, Temescal, Rockridge, Downtown Berkeley, are all close by. Being sold in as-is condition. Photos have been virtually renovated and staged.

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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
 

$800,100$977,900$889,000

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$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$3.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$3,280
Property Tax -$1,082
Property Insurance -$49
Property Management Fees -$156
CASH FLOW
-$1,387

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.

$889,000

PROJECTED PRICE

$3,180

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.81%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$241,335

INVESTMENT

$241,335

Down Payment
$222,250
Rehab Estimate
$5,750
Closing Costs
$13,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,280

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $222,250
Loan Amount $666,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$279

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,180

    LIST RENT
  • $3.49

    LIST RENT PER SQFT
  • $2,937

    COMP ESTIMATED VALUE
  • $3.22

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1003$3,180
$3,180
RENT COMPS ANALYSIS
  • 4403 Pleasant Valley Ct. N Oakland, 3
    • 2 beds 1 baths ∙ 912 Sqft ∙ Built 1924 2 beds 1 baths ∙ 912 Sqft ∙ Built 1924
    • Rent
    • Rent Per SQFT
    •  
    • $3,180
    • $3.49
    •  
  • 5447 Lawton Ave Oakland, 1
    • 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
    •  
  • 430 Orange A Oakland, 2
    • 2 beds 1 baths ∙ 820 Sqft ∙ Built 1912 2 beds 1 baths ∙ 820 Sqft ∙ Built 1912
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $3.78
    •  
PROPERTY LISTING DETAILS
Kathy Tang
Compass
BESbswy