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6072 Ross St Oakland, CA 94618

3 Beds 1 Baths 1,465 sqft Built 1923

$1,349,000

List Price

$4,560

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1923
  • Price/Sqft : $920.82
  • 5 Days on Market
  • MLS # : MR40928052
  • Updated Date : 11/07/2020 at 14:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,465 sqft
  • Baths : 1 full
Listing Agent

Citiland Investment Corp.

Listing Agent's Description

? Delightful Rockridge Home Tucked away on a quiet street surrounded by beautiful homes and verdant landscaping yet walkable to College Ave shops and BART. Moments to highway 24. This spacious home offers wonderful period details, eat-in kitchen, formal dining room, wood-burning fireplace and three bedrooms on the main level which opens to sunny rear deck and lush garden. The lower level includes a fourth bedroom, second bathroom, laundry/storage room and a one car garage. This Rockridge gem is not to be missed.

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PRICE & RENT TRENDS

Neighborhood: Rockridge

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $253k1460k

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

Neighborhood: Rockridge

NeighborhoodNIR Market*CityMarket2010Year20012019 Q215002000250030003500400045005000Rent in $14185144

* 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
 

$1,214,100$1,483,900$1,349,000

PURCHASE PRICE

$4,104$5,016$4,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,560
EXPENSES Loan Payment -$4,977
Property Tax -$1,633
Property Insurance -$63
Property Management Fees -$223
CASH FLOW
-$2,336

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.

$1,349,000

PROJECTED PRICE

$4,560

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.7%
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-$40k-$30k-$20k-$10k$0.0$10k

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$363,235

INVESTMENT

$363,235

Down Payment
$337,250
Rehab Estimate
$5,750
Closing Costs
$20,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $337,250
Loan Amount $1,011,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$143

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,560

    LIST RENT
  • $3.11

    LIST RENT PER SQFT
  • $4,864

    COMP ESTIMATED VALUE
  • $3.32

    COMP AVG. RENT PER SQFT
Comps Range
$4,250
1$4,2502$4,5603$5,700
$5,700
RENT COMPS ANALYSIS
  • 6072 Ross St Oakland, CA 2
    • 3 beds 1 baths ∙ 1,465 Sqft ∙ Built 1923 3 beds 1 baths ∙ 1,465 Sqft ∙ Built 1923
    • Rent
    • Rent Per SQFT
    •  
    • $4,560
    • $3.11
    •  
  • 50 Olive Ave Piedmont, CA 1
    • 3 beds 1 baths ∙ 1,220 Sqft ∙ Built 1923 3 beds 1 baths ∙ 1,220 Sqft ∙ Built 1923
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $3.48
    •  
  • 1623 Grand Ave Piedmont, CA 3
    • 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 1935 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 1935
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,700
    • $3.16
    •  
PROPERTY LISTING DETAILS
Jeffrey Ancker
Citiland Investment Corp.
BESbswy