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4614 Benevides Ave Oakland, CA 94602

3 Beds 2 Baths 1,558 sqft Built 1925

INVESTimate

$899,000

List Price

$4,500

$4,250 - $4,750

Rent Est.

$998,519  ( +11.07%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1925
  • Price/Sqft : $577.02
  • 7 Days on Market
  • MLS # : EB40917460
  • Updated Date : 08/21/2020 at 17:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,558 sqft
  • Baths : 2 full
Listing Agent

Golden Gate Sothebys International Realty

Listing Agent's Description

Awaken each morning to the sound of birds singing at nearby Sausal Creek. Originally built in 1925, this wonderful Glenview home has been lovingly updated throughout the years, carefully complementing its original details and character. Gleaming hardwood flooring spans both levels of the home. A private top-floor bedroom suite provides the perfect sanctuary, nestled amongst the trees. The ensuite bath features a stone-topped dual vanity and a tiled floor and bath surround. The main floor consists of two spacious bedrooms, a full bath, a bright and airy eat-in kitchen with a gas range and new quartz countertops, a living room with gas fireplace, and a formal dining room with original built-ins. An expansive redwood deck and bonus space below are just outside the kitchen. Located two blocks from Park Blvd, with dining, shopping, freeway access, and public transportation only a few minutes away.

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PRICE & RENT TRENDS

Neighborhood: Glenview

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $253k1078k

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

Neighborhood: Glenview

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800Rent in $14183863

* 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
 

$809,100$988,900$899,000

PURCHASE PRICE

$4,050$4,950$4,500

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-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,500
EXPENSES Loan Payment -$3,317
Property Tax -$1,094
Property Insurance -$65
Property Management Fees -$221
CASH FLOW
-$196

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.

$899,000

PROJECTED PRICE

$4,500

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.07%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$71,300

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
  • $4,456

    COMP ESTIMATED VALUE
  • $2.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,6803$4,995
$4,995
RENT COMPS ANALYSIS
  • 4614 Benevides Ave Oakland, 1
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1925 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1925
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3624 Victor Ave Oakland, 2
    • 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1930 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1930
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,680
    • $2.92
    •  
  • 1048 Annerley Rd Oakland, 3
    • 4 beds 3 baths ∙ 1,781 Sqft ∙ Built 1930 4 beds 3 baths ∙ 1,781 Sqft ∙ Built 1930
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,995
    • $2.80
    •  
PROPERTY LISTING DETAILS
Remy Weinstein
Golden Gate Sothebys International Realty
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