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7528 Outlook Ave Oakland, CA 94605

3 Beds 1 Baths 1,396 sqft Built 1936

$649,000

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1936
  • Price/Sqft : $464.90
  • 3 Days on Market
  • MLS # : EB40931041
  • Updated Date : 12/04/2020 at 12:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,396 sqft
  • Baths : 1 full
Listing Agent

Red Oak Realty

Listing Agent's Description

This Tudor-inspired home, located in Eastmont Heights, features a vaulted wood-and-beam living room with fireplace and peek-a-boo views, a formal dining room, and updated kitchen (2020). With designer lighting and hardwood floors throughout, this is a special place to call home. The backyard is an expansive space with a large deck, inviting hot tub, and professional landscaping - a perfect place for outdoor dining, entertaining, and playing. In addition to three spacious bedrooms, this home features an office nook for working from home! // Visit https://www.7528outlook.com for more information!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Eastmont Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $222k1015k

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

Neighborhood: Eastmont Hills

NeighborhoodNIR Market*CityMarket2010Year20012019 Q214001600180020002200240026002800300032003400Rent in $12743490

* 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
 

$584,100$713,900$649,000

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$2,395
Property Tax -$790
Property Insurance -$61
Property Management Fees -$149
CASH FLOW
-$484

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.

$649,000

PROJECTED PRICE

$2,910

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,395

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$20,387

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
  • $2,904

    COMP ESTIMATED VALUE
  • $2.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,400
$3,400
RENT COMPS ANALYSIS
  • 7528 Outlook Ave Oakland, CA 1
    • 3 beds 1 baths ∙ 1,396 Sqft ∙ Built 1936 3 beds 1 baths ∙ 1,396 Sqft ∙ Built 1936
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2031 81st Ave Oakland, CA 2
    • 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1926 4 beds 2 baths ∙ 1,363 Sqft ∙ Built 1926
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.20
    •  
  • 1571 77th Ave Oakland, CA 3
    • 4 beds 2 baths ∙ 1,733 Sqft ∙ Built 1929 4 beds 2 baths ∙ 1,733 Sqft ∙ Built 1929
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.96
    •  
PROPERTY LISTING DETAILS
Alissa Custer
Red Oak Realty
BESbswy