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7581 Hansom Dr Oakland, CA 94605

4 Beds 3 Baths 2,072 sqft Built 1968

$1,095,000

List Price

$4,400

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1968
  • Price/Sqft : $528.47
  • 2 Days on Market
  • MLS # : EB40927786
  • Updated Date : 11/02/2020 at 13:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,072 sqft
  • Baths : 2 full , 1 half
Listing Agent

Red Oak Realty

Listing Agent's Description

As you enter into the welcoming arms of Sequoyah Hills you are impressed w/ mid-century beauties that grace the sunny streets w/ sidewalks. 7581 Hansom Drive is a 1968 easy-living, traditional home situated in a prime location on the ridge of the Leona Canyon Regional Open Space Preserve. The vision of unobstructive space & an occasional hawk combined w/ a South Bay view that has glittery reflections of the Bay is an outlook that teases your senses, making you feel like you are on top of the world. The cascading cherry tree & ferns greet you as you enter through the threshold & onto terrazzo-style tiled entryway. The entry opens to the living & adjacent dining room w/ patio doors to the sunny backyard. The sunny galley kitchen has new windows, (2020), freshly coated Revere Pewter cabinets, new dishwasher (2020), & views to the backyard, ridge & South Bay. 4 bedrooms on the same level, level yard w/ great indoor-outdoor flow, refinished floors, move right in & celebrate the holidays!

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PRICE & RENT TRENDS

Neighborhood: Sequoyah

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $252k1031k

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

Neighborhood: Sequoyah

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21600180020002200240026002800300032003400360038004000Rent in $14184161

* 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
 

$985,500$1,204,500$1,095,000

PURCHASE PRICE

$3,960$4,840$4,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,400
EXPENSES Loan Payment -$4,040
Property Tax -$1,332
Property Insurance -$77
Property Management Fees -$216
CASH FLOW
-$1,265

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.

$1,095,000

PROJECTED PRICE

$4,400

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.5%
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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$295,925

INVESTMENT

$295,925

Down Payment
$273,750
Rehab Estimate
$5,750
Closing Costs
$16,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,040

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $273,750
Loan Amount $821,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$9,017

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
  • $4,527

    COMP ESTIMATED VALUE
  • $2.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8003$4,400
$4,400
RENT COMPS ANALYSIS
  • 7581 Hansom Dr Oakland, CA 1
    • 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5133 Daisy St Oakland, CA 2
    • 4 beds 3 baths ∙ 1,753 Sqft ∙ Built 1952 4 beds 3 baths ∙ 1,753 Sqft ∙ Built 1952
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.17
    •  
  • 4909 Stoneridge Ct Oakland, CA 3
    • 3 beds 3 baths ∙ 2,003 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,003 Sqft ∙ Built 1988
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $2.20
    •  
PROPERTY LISTING DETAILS
Deidre Joyner
Red Oak Realty
BESbswy