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6565 Girvin Dr Oakland, CA 94611

3 Beds 3 Baths 1,916 sqft Built 1977

$849,000

List Price

$4,340

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $443.11
  • 2 Days on Market
  • MLS # : CC40932415
  • Updated Date : 12/19/2020 at 19:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,916 sqft
  • Baths : 2 full , 1 half
Listing Agent

Abio Properties

Listing Agent's Description

View more @ ub.6565Girvin.com Find your tranquility among the trees in Oakland's desirable Montclair hills.This serene 3+-bed, 2.5-bath home features, no steps to front door, vaulted ceilings, a gorgeous open floor plan, expansive windows showcasing breathtaking scenery, and extra room for office, gym, guests, media room. What will you love most? Maybe the expansive deck, where you'll sip morning coffee while admiring how sunlight hits the pines and oaks. Or perhaps the perfect proximity to charming Village & dog friendly hiking and biking TRAILS galore. Living room showcases soaring ceilings, fireplace, new oak hardwood floors. Expansive and open kitchen with stainless steel appliances, stone counters, generous cabinetry. Bedrooms cozily tucked downstairs. Spacious primary bedroom suite with updated bath and a den both open to decks. Front deck plumbed for hot tub. Attached and level in 2-car garage. 2 mi to farmers' market, boutiques, dining. Ranking schools. Near BART, Hwy 13, 24.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Piedmont Pines

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $253k1261k

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

Neighborhood: Piedmont Pines

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21500200025003000350040004500Rent in $14184831

* 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

$3,906$4,774$4,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,340
EXPENSES Loan Payment -$3,132
Property Tax -$1,033
Property Insurance -$73
Property Management Fees -$213
CASH FLOW
-$111

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

$4,340

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.4%
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$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

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 50% 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

6.42

YEARS SAVED

$76,109

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
  • $4,579

    COMP ESTIMATED VALUE
  • $2.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,995
$4,995
RENT COMPS ANALYSIS
  • 6565 Girvin Dr Oakland, CA 1
    • 3 beds 3 baths ∙ 1,916 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,916 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2535 Chelsea Drive Oakland, CA 2
    • 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 1972
    LEASED 08/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,995
    • $2.39
    •  
PROPERTY LISTING DETAILS
Linnette Edwards
Abio Properties
BESbswy