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4843 Clarke St Oakland, CA 94609

3 Beds 2 Baths 1,328 sqft Built 1906

$899,000

List Price

$3,540

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1906
  • Price/Sqft : $676.96
  • 6 Days on Market
  • MLS # : BE40930587
  • Updated Date : 12/02/2020 at 17:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,328 sqft
  • Baths : 1 full , 1 half
Listing Agent

Bayside Real Estate

Listing Agent's Description

Enjoy the Temescal Lifestyle! This charming 3+BR/1.5 BTH Pitch Gable Colonial Revival on a sunny corner lot is across the street from Temescal Alley. Fresh, crisp, painted inside and out, newly refinished wood floors and more, this home maintains its 1906 vintage charm. Private entry, formal living room with bay window & lovely dining room with nook for a workstation. The kitchen is truly inviting with large windows & spacious eating area with newly installed hardwood floors - a favorite gathering place. Just off the kitchen is the convenient enclosed back porch and 1/2 bath. The upstairs has 3 BR & full bath with clawfoot tub. At ground level is the full-basement with an office, laundry area with washer, dryer & sink, spacious workshop area, 1-car attached garage (nice bonus in a popular area). Downstairs leads to the quiet & private backyard patio. Great, walkable neighborhood with lots of special restaurants, shops, & transit choices. Close to 580 and 24 freeway access.

SEE MORE

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
 

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

PURCHASE PRICE

$3,186$3,894$3,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,540
EXPENSES Loan Payment -$3,317
Property Tax -$1,089
Property Insurance -$59
Property Management Fees -$173
CASH FLOW
-$1,098

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

$3,540

PROJECTED RENT

0.39%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

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 65% 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

1

YEARS SAVED

$4,404

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
  • $3,088

    COMP ESTIMATED VALUE
  • $2.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9503$3,300
$3,300
RENT COMPS ANALYSIS
  • 4843 Clarke St Oakland, CA 1
    • 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1906 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1906
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 670 34th Street Upper Unit Oakland, CA 2
    • 3 beds 1 baths ∙ 1,206 Sqft ∙ Built 1911 3 beds 1 baths ∙ 1,206 Sqft ∙ Built 1911
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.45
    •  
  • 702 30th Street Oakland, CA 3
    • 4 beds 2 baths ∙ 1,501 Sqft ∙ Built 1908 4 beds 2 baths ∙ 1,501 Sqft ∙ Built 1908
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.20
    •  
PROPERTY LISTING DETAILS
Dianna Wyman
Bayside Real Estate
BESbswy