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5323 Shafter Ave Oakland, CA 94618

2 Beds 1 Baths 1,191 sqft Built 1925

$849,000

List Price

$3,670

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1925
  • Price/Sqft : $712.85
  • 5 Days on Market
  • MLS # : EB40928097
  • Updated Date : 11/06/2020 at 13:20
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,191 sqft
  • Baths : 1 full
Listing Agent

Bhg Highland Partners

Listing Agent's Description

The little fixer that could. outshine them all! Bring your restorative vision and polish to this two-bedroom, one-bathroom Rockridge Craftsman. Hardwood floors, living room fireplace flanked with high windows and bookcases, a formal dining room with built-ins, vintage kitchen and nook, split-level bedrooms and a sizeable basement, which leads directly out to the spacious backyard. A one-car garage opens into a larger workshop area and the backyard. Mature lemon tree and covered patio area, too. Just down the street and around the corner from Rockridge BART and College Avenue shops and restaurants, the library and much more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Shafter

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $253k1227k

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

Neighborhood: Shafter

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $14184529

* 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
 

$764,100$933,900$849,000

PURCHASE PRICE

$3,303$4,037$3,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,670
EXPENSES Loan Payment -$3,132
Property Tax -$1,033
Property Insurance -$56
Property Management Fees -$180
CASH FLOW
-$731

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.

$849,000

PROJECTED PRICE

$3,670

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.6%
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$3.0M

PROJECTED ANNUAL CASH FLOW

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

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$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,132

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$18,241

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,670

    LIST RENT
  • $3.08

    LIST RENT PER SQFT
  • $3,210

    COMP ESTIMATED VALUE
  • $2.7

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0003$3,670
$3,670
RENT COMPS ANALYSIS
  • 5323 Shafter Ave Oakland, CA 3
    • 2 beds 1 baths ∙ 1,191 Sqft ∙ Built 1925 2 beds 1 baths ∙ 1,191 Sqft ∙ Built 1925
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,670
    • $3.08
    •  
  • 85 Linda Ave Piedmont, CA 1
    • 2 beds 2 baths ∙ 1,100 Sqft ∙ Built 1906 2 beds 2 baths ∙ 1,100 Sqft ∙ Built 1906
    property image
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.73
    •  
  • 5447 Lawton Ave Oakland, CA 2
    • 2 beds 1 baths ∙ 1,127 Sqft ∙ Built 1912 2 beds 1 baths ∙ 1,127 Sqft ∙ Built 1912
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.66
    •  
PROPERTY LISTING DETAILS
Adele Gillis
Bhg Highland Partners
BESbswy