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6957 Broadway Ter Oakland, CA 94611

3 Beds 3 Baths 1,907 sqft Built 1965

$1,295,000

List Price

$4,460

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1965
  • Price/Sqft : $679.08
  • 5 Days on Market
  • MLS # : BE40926551
  • Updated Date : 10/30/2020 at 09:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,907 sqft
  • Baths : 2 full , 1 half
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Stunning contemporary mid century 3 br + office, 2.5 bath home in sought after Montclair Village! You'll fall in love with dramatic wood ceilings & wall of windows providing sweeping views from your open concept living & dining rooms. Beautiful kitchen w/stainless steel appliances, marble counters, cabinets w/pull outs & ample storage. Hardwood floors throughout. Indoor/outdoor living is a main feature of this home, with patio access from the kitchen, dining room & bedroom on upper level. 1st features a large room great for home office or guest suite. All bedrooms are on same floor w/convenient laundry room. Many upgrades include remodeled master bath w/heated floors & heated mirror, new electrical system, Nest, wifi sprinkler controller, sewer lateral compliance & central Heat/AC. Extra deep lot provides additional gardens with fruit trees, garden beds, beautiful decks & outdoor space. Spectacular views, thoughtful features & desirable neighborhood, you won't want to miss this home!

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PRICE & RENT TRENDS

Neighborhood: Glen Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $253k1481k

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

Neighborhood: Glen Highlands

NeighborhoodNIR Market*CityMarket2010Year20012019 Q215002000250030003500400045005000Rent in $14185046

* 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
 

$1,165,500$1,424,500$1,295,000

PURCHASE PRICE

$4,014$4,906$4,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,460
EXPENSES Loan Payment -$4,778
Property Tax -$1,729
Property Insurance -$73
Property Management Fees -$219
CASH FLOW
-$2,339

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.

$1,295,000

PROJECTED PRICE

$4,460

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.2%
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$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$348,925

INVESTMENT

$348,925

Down Payment
$323,750
Rehab Estimate
$5,750
Closing Costs
$19,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,778

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $323,750
Loan Amount $971,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$105

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,460

    LIST RENT
  • $2.34

    LIST RENT PER SQFT
  • $4,952

    COMP ESTIMATED VALUE
  • $2.6

    COMP AVG. RENT PER SQFT
Comps Range
$3,950
1$3,9502$4,4603$4,9954$7,700
$7,700
RENT COMPS ANALYSIS
  • 6957 Broadway Ter Oakland, CA 2
    • 3 beds 3 baths ∙ 1,907 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,907 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,460
    • $2.34
    •  
  • 5 Treasure Hill Oakland, CA 1
    • 3 beds 3 baths ∙ 2,050 Sqft ∙ Built 1971 3 beds 3 baths ∙ 2,050 Sqft ∙ Built 1971
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.93
    •  
  • 2535 Chelsea Drive Oakland, CA 3
    • 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 1972
    property image
    LEASED 08/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,995
    • $2.39
    •  
  • 424 Pala Avenue Piedmont, CA 4
    • 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 1961 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 1961
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,700
    • $3.47
    •  
PROPERTY LISTING DETAILS
Trang Dunlap
Intero Real Estate Services
BESbswy