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6728 Aitken Dr Oakland, CA 94611

2 Beds 1 Baths 1,166 sqft Built 1963

$899,000

List Price

$3,350

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $771.01
  • 3 Days on Market
  • MLS # : EB40931134
  • Updated Date : 12/05/2020 at 19:14
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,166 sqft
  • Baths : 1 full
Listing Agent

Compass

Listing Agent's Description

Meticulously maintained mid century style two bedroom, one bath home in Piedmont Pines. Additional zoom room downstairs next to the laundry. This home has been very well loved over the years. It boasts freshly refinished hardwood floors throughout, stylish fixtures, muted earth tone colors inside and loads of natural light. The freshly painted exterior is a rich charcoal gray color. New stained wood garage doors. The garage has interior access. The lot is 8,030 square feet and was recently landscaped in the front. A beautiful patio in the back yard with steps up to a semi flat large area above. Two blocks from Redwood Regional Park and 5 minutes to Montclair Village shops, restaurants, cafes and farmers market on Saturday! A sweet home not to be missed!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Shepherd Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $253k1223k

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

Neighborhood: Shepherd Canyon

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21500200025003000350040004500Rent in $14184756

* 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
 

$809,100$988,900$899,000

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$3,317
Property Tax -$1,139
Property Insurance -$55
Property Management Fees -$164
CASH FLOW
-$1,326

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.

$899,000

PROJECTED PRICE

$3,350

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$582

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,350

    LIST RENT
  • $2.87

    LIST RENT PER SQFT
  • $3,568

    COMP ESTIMATED VALUE
  • $3.06

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2003$3,350
$3,350
RENT COMPS ANALYSIS
  • 6728 Aitken Dr Oakland, CA 3
    • 2 beds 1 baths ∙ 1,166 Sqft ∙ Built 1963 2 beds 1 baths ∙ 1,166 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.87
    •  
  • 6551 Girvin Drive Oakland, CA 1
    • 2 beds 1 baths ∙ 1,060 Sqft ∙ Built 1972 2 beds 1 baths ∙ 1,060 Sqft ∙ Built 1972
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.92
    •  
  • West Oakland, CA 2
    • 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1948 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1948
    property image
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $3.20
    •  
PROPERTY LISTING DETAILS
Kara Thacker
Compass
BESbswy