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4815 Shafter Oakland, CA 94609

3 Beds 2 Baths 1,501 sqft Built 1923

$1,499,997

List Price

$3,580

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1923
  • Price/Sqft : $999.33
  • 2 Days on Market
  • MLS # : MR40934209
  • Updated Date : 01/16/2021 at 08:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,501 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California, Inc

Listing Agent's Description

Transparent pricing for this exclusively remodeled craftsman completed in 2021. This property has been transformed using superior construction & unparalleled craftsmanship. Situated in the heart of Temescal, only steps away from numerous restaurants and BART, this location is ideal. Inspired by the modern farmhouse design style, This open floor plan is truly special and designed to accommodate the California "entertainers delight" lifestyle. The heart of this home is the kitchen featuring luxury appliances by exclusive Italian brand, Bertazoni and large walk in pantry. Additional updates include new wide plank flooring, new electric including panel, new plumbing, deck, furnace, pergola and addition of master suite. This home is truly a masterpiece!! Welcome Home!!

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PRICE & RENT TRENDS

Neighborhood: Temescal

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $253k1078k

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

Neighborhood: Temescal

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800Rent in $14183998

* 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
 

$1,349,997$1,649,997$1,499,997

PURCHASE PRICE

$3,222$3,938$3,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,580
EXPENSES Loan Payment -$5,210
Property Tax -$1,816
Property Insurance -$63
Property Management Fees -$175
CASH FLOW
-$3,685

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.

$1,499,997

PROJECTED PRICE

$3,580

PROJECTED RENT

0.24%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.6%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$403,249

INVESTMENT

$403,249

Down Payment
$374,999
Rehab Estimate
$5,750
Closing Costs
$22,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$5,210

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $374,999
Loan Amount $1,124,998
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$193

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
  • $4,420

    COMP ESTIMATED VALUE
  • $2.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,9953$5,000
$5,000
RENT COMPS ANALYSIS
  • 4815 Shafter Oakland, CA 1
    • 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1923 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1923
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1048 Annerley Rd Oakland, CA 2
    • 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
    •  
  • 933 Kingston Ave Piedmont, CA 3
    • 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 1912 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 1912
    LEASED 01/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $3.09
    •  
PROPERTY LISTING DETAILS
Ryan Burk
Exp Realty Of California, Inc
BESbswy