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504 Crofton Ave Oakland, CA 94610

3 Beds 2 Baths 2,660 sqft Built 1912

$1,395,000

List Price

$5,830

$5.6K - $6.1K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1912
  • Price/Sqft : $524.44
  • 5 Days on Market
  • MLS # : CC40927598
  • Updated Date : 10/31/2020 at 13:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,660 sqft
  • Baths : 1 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Gracious home near historic Grand Lake. LOWER LEVEL has 241+/- sq ft. Ideal for home office or family room. Walkscore 87 "very walkable" just blocks to Grand Ave/Lakeshore commercial district. Hillside location insures lots of light. Chase sun in the upslope terraced backyard. 1912 architecture preserved: coved ceilings, gorgeous quarter-sawn oak floors with walnut inlay, beams, high baseboards. Practical floor plan offering three bonus spaces! MAIN LIVING LEVEL: welcoming entry hall, ample DR w/ built-in hutch, expansive LR w/ fireplace, built-in bookshelves. Eat-in kitchen has potential w/ adjacent utility room, half-bath and washer/dryer. UPPER LEVEL: generous landing at top of stairs. Two-room master suite w/adjacent office. Two bedrms both open to Jack 'n Jill porch. One large shared bathroom has vintage tile. LOWER LEVEL bonus room has sep exterior entrance, basement storage. Disclosures i.o. https://app.disclosures.io/link video https://vimeo.com/473989633

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lakeshore

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $253k1330k

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

Neighborhood: Lakeshore

NeighborhoodNIR Market*CityMarket2010Year20012019 Q215002000250030003500400045005000Rent in $14185129

* 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
 

$1,255,500$1,534,500$1,395,000

PURCHASE PRICE

$5,247$6,413$5,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,830
EXPENSES Loan Payment -$5,147
Property Tax -$1,697
Property Insurance -$91
Property Management Fees -$286
CASH FLOW
-$1,391

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.

$1,395,000

PROJECTED PRICE

$5,830

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.1%
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-$30k-$20k-$10k$0.0$10k$20k$30k

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$375,425

INVESTMENT

$375,425

Down Payment
$348,750
Rehab Estimate
$5,750
Closing Costs
$20,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,147

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $348,750
Loan Amount $1,046,250
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$19,636

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
  • $8,073

    COMP ESTIMATED VALUE
  • $3.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$7,3003$8,100
$8,100
RENT COMPS ANALYSIS
  • 504 Crofton Ave Oakland, CA 1
    • 3 beds 2 baths ∙ 2,660 Sqft ∙ Built 1912 3 beds 2 baths ∙ 2,660 Sqft ∙ Built 1912
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1034 Harvard Rd Piedmont, CA 2
    • 4 beds 3 baths ∙ 2,685 Sqft ∙ Built 1917 4 beds 3 baths ∙ 2,685 Sqft ∙ Built 1917
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,300
    • $2.72
    •  
  • 209 Ricardo Ave Piedmont, CA 3
    • 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 1927 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 1927
    LEASED 11/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $8,100
    • $3.35
    •  
PROPERTY LISTING DETAILS
Julie Ann Nachtwey
Compass
BESbswy