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PROPERTY INFO
FACTS
- Single Family
- Built In 1929
- Price/Sqft : $422.18
- 3 Days on Market
- MLS # : EB40929257
- Updated Date : 11/14/2020 at 03:05
CONSTRUCTION
- Beds : 4
- Floor Size : 3,309 sqft
- Baths : 3 full
Listing Agent
The Grubb Company
Listing Agent's Description
Mediterranean retreat in the heart of Cleveland Heights! Lovingly updated with discerning taste and style, this 4 bed 3 bath home is impeccable inside and out. From the carefully selected antique and Restoration Hardware lights and high end plumbing fixtures, to the custom double paned wood windows and smart technology throughout, no expense was spared in bringing this home to a shining gem. The backyard is lush and fruitful with a hot tub and firepit deck that beckon year round enjoyment. The kitchen itself is a work of art, with two Redwood islands, Concerto countertops, Tabarka Studios backsplash, custom cabinetry, and SS high performance appliances. Among the 3 main floor bedrooms, the sun washed primary suite features a recently renovated magazine worthy spa bath, with custom walk in closet! Spacious media room off the kitchen, and don't miss the gorgeous finished attic/flex space. Lower level makes a great in-law or income producing unit, with 4th bed, full bath and kitchenette!
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PRICE & RENT TRENDS
Neighborhood: Cleveland Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cleveland Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,940 |
| EXPENSES | Loan Payment | -$5,154 |
| Property Tax | -$1,700 | |
| Property Insurance | -$107 | |
| Property Management Fees | -$242 | |
|
CASH FLOW
-$2,263
|
||
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.
$1,397,000
PROJECTED PRICE
$4,940
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 13.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.09% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$375,955
LOAN DETAILS
$5,154
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $349,250 |
| Loan Amount | $1,047,750 |
0.17
YEARS SAVED
$261
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
-
$6,717
COMP ESTIMATED VALUE -
$2.03
COMP AVG. RENT PER SQFT
Comps Range
-
586 Athol Ave Oakland, CA 1
- 4 beds 3 baths ∙ 3,309 Sqft ∙ Built 1929 4 beds 3 baths ∙ 3,309 Sqft ∙ Built 1929
- Rent
- Rent Per SQFT
- $0
- $0.00
-
230 Sandringham Rd Piedmont, CA 2
- 4 beds 4 baths ∙ 3,202 Sqft ∙ Built 1935 4 beds 4 baths ∙ 3,202 Sqft ∙ Built 1935
LEASED 09/15/20- Rent
- Rent Per SQFT
- $6,500
- $2.03
PROPERTY LISTING DETAILS
The Grubb Company
