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5012 Trask St Oakland, CA 94601

3 Beds 2 Baths 1,020 sqft Built 1919

$749,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1919
  • Price/Sqft : $734.31
  • 3 Days on Market
  • MLS # : EB40927480
  • Updated Date : 11/06/2020 at 13:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,020 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Bright and open-plan, this beautifully updated home offers the best in contemporary living. There is much to love about this modern abode, from the gleaming floors to the on-trend bold color palette. A lovely, light-filled living room features built-in shelving around the original fireplace which adds even more character to this already beautiful room. The open floor plan allows you to flow from the dining room into the large, updated kitchen with stylish cabinetry, a subway tile backsplash, on-trend open shelving, quality appliances, and a farmhouse-style sink. Two bedrooms bracket the hall bathroom in the main portion of the home. A door opens out to the back yard where you can dine alfresco under the pergola. The garage has been converted into a one bedroom apartment, ensuring flexibility and functionality that will appeal to those looking for more possibilities, space, and privacy. This is your chance to have it all; a move-in ready home in a wonderfully central location!

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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
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,763
Property Tax -$911
Property Insurance -$52
Property Management Fees -$149
CASH FLOW
-$1,176

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.

$749,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.7%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$330

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $2.65

    LIST RENT PER SQFT
  • $2,683

    COMP ESTIMATED VALUE
  • $2.63

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8503$3,0004$3,200
$3,200
RENT COMPS ANALYSIS
  • 5012 Trask St Oakland, CA 1
    • 3 beds 2 baths ∙ 1,020 Sqft ∙ Built 1919 3 beds 2 baths ∙ 1,020 Sqft ∙ Built 1919
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.65
    •  
  • 2836 23rd Avenue Oakland, CA 2
    • 3 beds 1 baths ∙ 1,150 Sqft ∙ Built 1914 3 beds 1 baths ∙ 1,150 Sqft ∙ Built 1914
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.48
    •  
  • 5546 E 16th St Oakland, CA 3
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1914 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1914
    property image
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.50
    •  
  • 2084 Harrington Ave Oakland, CA 4
    • 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1920 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1920
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.91
    •  
PROPERTY LISTING DETAILS
Simone Koga
Compass
BESbswy