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858 Walker Ave Oakland, CA 94610

4 Beds 3 Baths 2,504 sqft Built 1921

$1,289,000

List Price

$5,590

$5.3K - $5.8K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1921
  • Price/Sqft : $514.78
  • 3 Days on Market
  • MLS # : EB40931113
  • Updated Date : 12/04/2020 at 15:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,504 sqft
  • Baths : 2 full , 1 half
Listing Agent

Cush Real Estate

Listing Agent's Description

Just in time for the holidays! Stunning Prairie style home w/neighborhood views just a block the fabulous shops and restaurants of Grand and Lakeshore. Beautifully proportioned, sun-filled rooms throughout, meticulously maintained, original architectural details accented with designer finishes, gorgeous living room offering spectacular evening sunsets, updated kitchen with stainless appliances, custom tile and stone, dramatic formal dining room w/box beam ceilings & glass doors to the garden & patio, wooded rear gardens w/lawns for entertaining or play, versatile lower-level with kitchen, bath, private entrance, plus its own deck (perfect as an au-pair suite), new dual-paned Marvin windows & detached 1 car garage. Easy access to I-580, Bay Bridge, Sat Farmers Market, Lake Merritt and more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lakeshore

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $253k1330k

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

Neighborhood: Lakeshore

NeighborhoodNIR Market*CityMarket2010Year20012019 Q215002000250030003500400045005000Rent in $14185129

* 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
 

$1,160,100$1,417,900$1,289,000

PURCHASE PRICE

$5,031$6,149$5,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,590
EXPENSES Loan Payment -$4,756
Property Tax -$1,568
Property Insurance -$88
Property Management Fees -$274
CASH FLOW
-$1,095

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.

$1,289,000

PROJECTED PRICE

$5,590

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.1%
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-$20k-$10k$0.0$10k$20k$30k$40k

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$347,335

INVESTMENT

$347,335

Down Payment
$322,250
Rehab Estimate
$5,750
Closing Costs
$19,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $322,250
Loan Amount $966,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$28,708

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
  • $6,548

    COMP ESTIMATED VALUE
  • $2.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,2753$5,8004$7,3005$7,400
$7,400
RENT COMPS ANALYSIS
  • 858 Walker Ave Oakland, CA 1
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 1921 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 1921
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 296 Jayne Avenue Oakland, CA 2
    • 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1911 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1911
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,275
    • $2.44
    •  
  • 316 Jerome Ave Piedmont, CA 3
    • 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 1918 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 1918
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,800
    • $2.63
    •  
  • 1034 Harvard Rd Piedmont, CA 4
    • 4 beds 3 baths ∙ 2,685 Sqft ∙ Built 1917 4 beds 3 baths ∙ 2,685 Sqft ∙ Built 1917
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,300
    • $2.72
    •  
  • 39 Wildwood Ave Piedmont, CA 5
    • 4 beds 4 baths ∙ 2,770 Sqft ∙ Built 1921 4 beds 4 baths ∙ 2,770 Sqft ∙ Built 1921
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $7,400
    • $2.67
    •  
PROPERTY LISTING DETAILS
David Higgins
Cush Real Estate
BESbswy