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867 Myrtle St Oakland, CA 94607

3 Beds 3 Baths 1,337 sqft Built 1999

$750,000

List Price

$3,730

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $560.96
  • 4 Days on Market
  • MLS # : BE40929896
  • Updated Date : 11/20/2020 at 10:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,337 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Don't miss this stylish West Oakland 2 story home, updated, with SOLAR PANELS and move-in ready! The main floor features a half bath, beautifully updated kitchen w/ granite countertops, gas range, stainless steel appliances & kitchen island seating. The low maintenance backyard is perfect for seamless entertaining. The dining/living room combo features high ceilings and a wood burning fireplace perfect for those cold nights. Upstairs you will find 3 bedrooms, a full bathroom and a light filled master suite with a walk-in closet and a double sink vanity. Ample storage throughout, 3 car tandem attached garage with in-unit laundry. Stay connected to the places you love with a 5 minute drive to Bay Bridge, Uptown, Temescal and Emeryville.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Acorn

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $206k1176k

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

Neighborhood: Acorn

NeighborhoodNIR Market*CityMarket2010Year20012019 Q214001600180020002200240026002800300032003400360038004000Rent in $12084160

* 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
 

$675,000$825,000$750,000

PURCHASE PRICE

$3,357$4,103$3,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,730
EXPENSES Loan Payment -$2,767
Property Tax -$887
Property Insurance -$59
Property Management Fees -$183
CASH FLOW
-$166

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.

$750,000

PROJECTED PRICE

$3,730

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$61,274

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
  • $3,998

    COMP ESTIMATED VALUE
  • $2.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,885
$3,885
RENT COMPS ANALYSIS
  • 867 Myrtle St Oakland, CA 1
    • 3 beds 3 baths ∙ 1,337 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,337 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1520 Adeline St Oakland, CA 2
    • 3 beds 3 baths ∙ 1,300 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,300 Sqft ∙ Built 1996
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,885
    • $2.99
    •  
PROPERTY LISTING DETAILS
Chimere Washington
Compass
BESbswy