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5101 Mcdonell Oakland, CA 94619

2 Beds 1 Baths 1,000 sqft Built 1926

$450,000

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1926
  • Price/Sqft : $450.00
  • 2 Days on Market
  • MLS # : CC40933753
  • Updated Date : 01/09/2021 at 21:42
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,000 sqft
  • Baths : 1 full
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

Quaint bungalow in the desired Oakland Hills Leona Canyon neighborhood, on secluded dead end street with ocean & city views! *DO NOT DISTURB OCCUPANTS*

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PRICE & RENT TRENDS

Neighborhood: Leona Heights

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $253k1078k

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

Neighborhood: Leona Heights

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800Rent in $14183863

* 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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$1,563
Property Tax -$547
Property Insurance -$51
Property Management Fees -$149
CASH FLOW
$299

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.

$450,000

PROJECTED PRICE

$2,610

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.4%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$71,304

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
  • $2,603

    COMP ESTIMATED VALUE
  • $2.6

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3353$2,5004$2,5005$2,800
$2,800
RENT COMPS ANALYSIS
  • 5101 Mcdonell Oakland, CA 1
    • 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1926 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1926
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2824 23rd Avenue Oakland, CA 2
    • 2 beds 1 baths ∙ 900 Sqft ∙ Built 1914 2 beds 1 baths ∙ 900 Sqft ∙ Built 1914
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,335
    • $2.59
    •  
  • Princeton St Oakland, CA 3
    • 2 beds 1 baths ∙ 1,004 Sqft ∙ Built 1931 2 beds 1 baths ∙ 1,004 Sqft ∙ Built 1931
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.49
    •  
  • 2557 61st Ave Oakland, CA 4
    • 2 beds 1 baths ∙ 960 Sqft ∙ Built 1939 2 beds 1 baths ∙ 960 Sqft ∙ Built 1939
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.60
    •  
  • Patterson Ave Oakland, CA 5
    • 2 beds 1 baths ∙ 1,025 Sqft ∙ Built 1937 2 beds 1 baths ∙ 1,025 Sqft ∙ Built 1937
    property image
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.73
    •  
PROPERTY LISTING DETAILS
Gregory Strand
Exp Realty Of California Inc.
BESbswy