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5725 Grisborne Ave Oakland, CA 94611

4 Beds 3 Baths 2,766 sqft Built 1948

$1,295,000

List Price

$5,260

$5K - $5.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1948
  • Price/Sqft : $468.19
  • 3 Days on Market
  • MLS # : BE40928449
  • Updated Date : 11/06/2020 at 22:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,766 sqft
  • Baths : 3 full
Listing Agent

Better Homes Realty

Listing Agent's Description

Located in Montclair, one of Oakland's most popular neighborhoods, this beautiful two-story home features wonderful indoor and outdoor living spaces, combining mid-century architecture with many modern updates. With approximately 2,766 square feet of living space, this home provides comfort and functionality for any buyer's needs. Features include hardwood floors, updated kitchen, 2 updated bathrooms, terraced backyard with lower and upper decks, 2 garages, new electrical service, and a roof tune-up, all on a 15,432 square foot lot. The sewer lateral was replaced in October 2020. The kitchen and family room lead to a wonderful outdoor deck space ideal for entertaining or relaxation. A short stairway ascends through terraced gardens adorned with mature roses and leads to a second private deck and garden area with a large undeveloped third level above. This wonderful home is just minutes to the Thornhill shopping district, Thornhill & Montclair elementary schools, Montclair Village shops

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Merriewood

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $253k1186k

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

Neighborhood: Merriewood

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $14184448

* 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
 

$1,165,500$1,424,500$1,295,000

PURCHASE PRICE

$4,734$5,786$5,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,260
EXPENSES Loan Payment -$4,778
Property Tax -$1,568
Property Insurance -$94
Property Management Fees -$258
CASH FLOW
-$1,437

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.

$1,295,000

PROJECTED PRICE

$5,260

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.9%
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-$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$348,925

INVESTMENT

$348,925

Down Payment
$323,750
Rehab Estimate
$5,750
Closing Costs
$19,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,778

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $323,750
Loan Amount $971,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$11,542

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
  • $5,836

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$6,000
$6,000
RENT COMPS ANALYSIS
  • 5725 Grisborne Ave Oakland, CA 1
    • 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 1948 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1961 Gaspar Dr. Oakland, CA 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
Kevin Brown
Better Homes Realty
BESbswy