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7018 Broadway Ter Oakland, CA 94611

3 Beds 2 Baths 2,200 sqft Built 1941

$1,249,000

List Price

$5,790

$5.5K - $6K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1941
  • Price/Sqft : $567.73
  • 3 Days on Market
  • MLS # : EB40931072
  • Updated Date : 12/05/2020 at 22:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,200 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Dream a little Tuscan dream, right here under the Monclairion sun! Delectable Mediterranean will transport you to another world filled with roses, citrus, stone walls, and Campari. An inviting wisteria-filled pergola beckons you in, and lovely, well-tended gardens surround this immaculate home. Cook's kitchen opens to dining and living rooms, with a stone balcony that hovers over private tile breezeway and landscaped grounds. Luxuriate in the intimate, lower-level primary suite with giant walk-in closet, gas fireplace, and spa-like bath that opens to covered outdoor salon. Bonus flex rooms face the garden and provide options for two separate offices, play rooms, yoga, storage and more. With the easy, level in-and-out parking and a location so close to Montclair Village amenities, freeway access, parks, and schools, you can breeze out for coffee, dinner or the entire day, and return home to a restorative retreat.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Merriewood

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $253k1186k

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

Neighborhood: Merriewood

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $14184448

* 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
 

$1,124,100$1,373,900$1,249,000

PURCHASE PRICE

$5,211$6,369$5,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,790
EXPENSES Loan Payment -$4,608
Property Tax -$1,512
Property Insurance -$80
Property Management Fees -$284
CASH FLOW
-$694

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.

$1,249,000

PROJECTED PRICE

$5,790

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.9%
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-$20k-$10k$0.0$10k$20k$30k$40k$50k

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$336,735

INVESTMENT

$336,735

Down Payment
$312,250
Rehab Estimate
$5,750
Closing Costs
$18,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$4,608

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,250
Loan Amount $936,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$56,157

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,790

    LIST RENT
  • $2.63

    LIST RENT PER SQFT
  • $7,167

    COMP ESTIMATED VALUE
  • $3.26

    COMP AVG. RENT PER SQFT
Comps Range
$5,790
1$5,7902$6,7503$7,7004$8,0005$8,100
$8,100
RENT COMPS ANALYSIS
  • 7018 Broadway Ter Oakland, CA 1
    • 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1941 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1941
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $5,790
    • $2.63
    •  
  • 6449 Chabot Road Oakland, CA 2
    • 4 beds 2 baths ∙ 2,375 Sqft ∙ Built 1926 4 beds 2 baths ∙ 2,375 Sqft ∙ Built 1926
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,750
    • $2.84
    •  
  • 424 Pala Avenue Piedmont, CA 3
    • 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
    •  
  • 341 Pacific Ave Piedmont, CA 4
    • 3 beds 4 baths ∙ 2,373 Sqft ∙ Built 1936 3 beds 4 baths ∙ 2,373 Sqft ∙ Built 1936
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $8,000
    • $3.37
    •  
  • 209 Ricardo Ave Piedmont, CA 5
    • 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 1927 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 1927
    property image
    LEASED 11/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $8,100
    • $3.35
    •  
PROPERTY LISTING DETAILS
Anne Culbertson
Compass
BESbswy