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5260 Proctor Ave Oakland, CA 94618

3 Beds 3 Baths 3,099 sqft Built 1951

INVESTimate

$1,195,000

List Price

$5,080

$4,830 - $5,330

Rent Est.

$1,300,758  ( +8.85%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1951
  • Price/Sqft : $385.61
  • 2 Days on Market
  • MLS # : BE40917202
  • Updated Date : 08/25/2020 at 03:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,099 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Spectacular Bay Views from almost every room will dazzle you as you enter this modern recently renovated home nestled in Upper Rockridge. The main floor layout is open and bright, with freshly refinished heated floors, family room, full bath, bedroom that can be used as an entertainment room or office. Direct access to the private deck overlooking the stunning views is accessible from both levels of the home. The deck is perfect for entertaining small or large gatherings. Updated lighting throughout the home highlights the modern beauty of this Oakland gem. First floor also features an attached 2 car garage with interior access. Upstairs, you will find a master bedroom with a walk-in closet and a gorgeous ensuite. Second bedroom is spacious, airy and bright with a large closet. Both bedrooms boast picturesque views of the Bay. A gourmet eat-in kitchen complete with stainless steel appliances, elegant farmhouse sink, generous island great for entertaining.

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PRICE & RENT TRENDS

Neighborhood: Upper Rockridge

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $253k1447k

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

Neighborhood: Upper Rockridge

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2150020002500300035004000450050005500Rent in $14185650

* 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
 

$1,075,500$1,314,500$1,195,000

PURCHASE PRICE

$4,572$5,588$5,080

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,080
EXPENSES Loan Payment -$4,409
Property Tax -$1,447
Property Insurance -$102
Property Management Fees -$249
CASH FLOW
-$1,127

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.

$1,195,000

PROJECTED PRICE

$5,080

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.85%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$322,425

INVESTMENT

$322,425

Down Payment
$298,750
Rehab Estimate
$5,750
Closing Costs
$17,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$4,409

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $298,750
Loan Amount $896,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$19,855

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,080

    LIST RENT
  • $1.64

    LIST RENT PER SQFT
  • $6,539

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$5,080
1$5,0802$6,000
$6,000
RENT COMPS ANALYSIS
  • 5260 Proctor Ave Oakland, 1
    • 3 beds 3 baths ∙ 3,099 Sqft ∙ Built 1951 3 beds 3 baths ∙ 3,099 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $5,080
    • $1.64
    •  
  • 1961 Gaspar Dr. Oakland, 2
    • 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 1937 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 1937
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $2.11
    •  
PROPERTY LISTING DETAILS
Jeff Goodman
Compass
BESbswy