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60 Glen Eden Ave Oakland, CA 94611

2 Beds 2 Baths 1,256 sqft Built 1941

$1,199,000

List Price

$3,910

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1941
  • Price/Sqft : $954.62
  • 3 Days on Market
  • MLS # : CC40931145
  • Updated Date : 12/04/2020 at 17:41
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,256 sqft
  • Baths : 1 full , 1 half
Listing Agent

Kurniadi Realty

Listing Agent's Description

Beautiful home off Piedmont Avenue. Original hardwood floors throughout the home. Split level family room flows off the kitchen leading to an enclosed patio surrounded by serene backyard waiting for your personal touch. Upgraded kitchen with a Viking gas cooktop range. Excellent location near Pleasant Valley Avenue and Piedmont Avenue. Walkable distant to many shops and services. This home has enormous potential in a coveted location.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Piedmont Avenue

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $253k1078k

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

Neighborhood: Piedmont Avenue

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $14184516

* 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
 

$1,079,100$1,318,900$1,199,000

PURCHASE PRICE

$3,519$4,301$3,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,910
EXPENSES Loan Payment -$4,424
Property Tax -$1,459
Property Insurance -$57
Property Management Fees -$192
CASH FLOW
-$2,222

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.

$1,199,000

PROJECTED PRICE

$3,910

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$323,485

INVESTMENT

$323,485

Down Payment
$299,750
Rehab Estimate
$5,750
Closing Costs
$17,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,424

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,750
Loan Amount $899,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$84

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
  • $4,270

    COMP ESTIMATED VALUE
  • $3.4

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9753$3,1504$5,4005$5,500
$5,500
RENT COMPS ANALYSIS
  • 60 Glen Eden Ave Oakland, CA 1
    • 2 beds 2 baths ∙ 1,256 Sqft ∙ Built 1941 2 beds 2 baths ∙ 1,256 Sqft ∙ Built 1941
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5325 Lowell St Oakland, CA 2
    • 2 beds 1 baths ∙ 1,010 Sqft ∙ Built 1925 2 beds 1 baths ∙ 1,010 Sqft ∙ Built 1925
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $2.95
    •  
  • 1052 Walker Ave 1 Oakland, CA 3
    • 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1951 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1951
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $3.15
    •  
  • 29 Dormidera Ave Piedmont, CA 4
    • 2 beds 2 baths ∙ 1,456 Sqft ∙ Built 1924 2 beds 2 baths ∙ 1,456 Sqft ∙ Built 1924
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,400
    • $3.71
    •  
  • 5274 Lawton Ave Main Unit Oakland, CA 5
    • 2 beds 2 baths ∙ 1,450 Sqft ∙ Built 1930 2 beds 2 baths ∙ 1,450 Sqft ∙ Built 1930
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $3.79
    •  
PROPERTY LISTING DETAILS
Jonathan Kurniadi
Kurniadi Realty
BESbswy