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4617 Allendale Ave Oakland, CA 94619

2 Beds 1 Baths 1,080 sqft Built 1946

$759,000

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $702.78
  • 6 Days on Market
  • MLS # : CC40928725
  • Updated Date : 11/10/2020 at 15:27
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,080 sqft
  • Baths : 1 full
Listing Agent

Redfin

Listing Agent's Description

Located on one of the best streets in the heart of Maxwell Park, this charmingly updated Mid-Century is ready to welcome you to your new home. The beautifully refinished hardwood floors beckon you throughout the living room, dining room, kitchen and hallway. The updated kitchen is ideal for preparing a holiday meal and entertaining in the formal dining room or large private backyard with paved patio. Stay cozy with a gas-powered fireplace and central heating, and relax in the tub in the recently remodeled bathroom. The house sits directly across from Maxwell Park with access to local playground. Close to the shops, restaurants and cafes in the Laurel District and just minutes away from the Montessori School, Peter Pan Pre-School, Charter Elementary School, Mills College and Highway 580.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maxwell Park

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $243k1015k

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

Neighborhood: Maxwell Park

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21600180020002200240026002800300032003400Rent in $14083490

* 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
 

$683,100$834,900$759,000

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$2,800
Property Tax -$933
Property Insurance -$53
Property Management Fees -$150
CASH FLOW
-$867

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.

$759,000

PROJECTED PRICE

$3,070

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.7%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$206,885

INVESTMENT

$206,885

Down Payment
$189,750
Rehab Estimate
$5,750
Closing Costs
$11,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,800

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $189,750
Loan Amount $569,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,497

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $2.84

    LIST RENT PER SQFT
  • $2,722

    COMP ESTIMATED VALUE
  • $2.52

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,5003$2,5004$2,7505$3,070
$3,070
RENT COMPS ANALYSIS
  • 4617 Allendale Ave Oakland, CA 5
    • 2 beds 1 baths ∙ 1,080 Sqft ∙ Built 1946 2 beds 1 baths ∙ 1,080 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $2.84
    •  
  • 2434 Fern St B Oakland, CA 1
    • 2 beds 1 baths ∙ 800 Sqft ∙ Built 1962 2 beds 1 baths ∙ 800 Sqft ∙ Built 1962
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $2.50
    •  
  • Princeton St Oakland, CA 2
    • 2 beds 1 baths ∙ 1,004 Sqft ∙ Built 1931 2 beds 1 baths ∙ 1,004 Sqft ∙ Built 1931
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.49
    •  
  • 2557 61st Ave Oakland, CA 3
    • 2 beds 1 baths ∙ 960 Sqft ∙ Built 1939 2 beds 1 baths ∙ 960 Sqft ∙ Built 1939
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.60
    •  
  • 3227 School St Oakland, CA 4
    • 2 beds 1 baths ∙ 1,105 Sqft ∙ Built 1940 2 beds 1 baths ∙ 1,105 Sqft ∙ Built 1940
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.49
    •  
PROPERTY LISTING DETAILS
Suzanne Masella
Redfin
BESbswy