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7921 Surrey Ln Oakland, CA 94605

3 Beds 2 Baths 2,001 sqft Built 1970

$1,038,000

List Price

$4,040

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $518.74
  • 7 Days on Market
  • MLS # : BE40930604
  • Updated Date : 12/04/2020 at 10:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,001 sqft
  • Baths : 2 full
Listing Agent

Grobecker Holland Int'l

Listing Agent's Description

Charming single level home located in desirable Sequoyah neighborhood. Featuring One office, three bedrooms, including master suite with large walk-in closet. Separate living room and family room with Kitchen combo, skylight in dining area, Over 2,000 SQFT living space on a huge lot, offering luxury and Privacy. Easy access to highways 580 and 13, coffee shops, shopping, the regional parks, and trails.

SEE MORE

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
 

$934,200$1,141,800$1,038,000

PURCHASE PRICE

$3,636$4,444$4,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,040
EXPENSES Loan Payment -$3,830
Property Tax -$1,263
Property Insurance -$75
HOA -$130
Property Management Fees -$198
CASH FLOW
-$1,456

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.

$1,038,000

PROJECTED PRICE

$4,040

PROJECTED RENT

0.39%

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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$280,820

INVESTMENT

$280,820

Down Payment
$259,500
Rehab Estimate
$5,750
Closing Costs
$15,570

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $259,500
Loan Amount $778,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,566

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
  • $4,402

    COMP ESTIMATED VALUE
  • $2.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,400
$4,400
RENT COMPS ANALYSIS
  • 7921 Surrey Ln Oakland, CA 1
    • 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1970 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4909 Stoneridge Ct Oakland, CA 2
    • 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
Emil Ko
Grobecker Holland Int'l
BESbswy