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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Acorn
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Acorn
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$204,500
LOAN DETAILS
$2,767
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $187,500 |
| Loan Amount | $562,500 |
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.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,998
COMP ESTIMATED VALUE -
$2.99
COMP AVG. RENT PER SQFT
Comps Range
-
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
Compass
