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1085 Clear Lake Dr Oakley, CA 94561

4 Beds 5 Baths 3,660 sqft Built 2005

$665,000

List Price

$3,080

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $181.69
  • 3 Days on Market
  • MLS # : EB40931168
  • Updated Date : 12/04/2020 at 22:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,660 sqft
  • Baths : 4 full , 1 half
Listing Agent

Heritage Rei Inc.

Listing Agent's Description

Don't miss out on this amazing home! Home is located on a corner lot in the peaceful Summer Lake community and within walking distance to the pool and club house. Living is all on the first floor with an oversized loft and full bathroom on the second story. The home would be great for multi-family living as each bedroom has access to their own bathroom. Front 2 rooms share a Jack and Jill bathroom and the back room is a junior master. This large home features a large island with granite counter tops, large walk-in pantry, formal dinning room, covered patio, large backyard, shed, 3 car garage and much more!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94561

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Zip Code: 94561

ZipNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $12893193

* 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
Iron House Elementary School Primary Regular 686 27 3
Delta Vista Middle School Middle Regular 795 30 4
Freedom High School High Regular 2,550 106 5

Iron House Elementary School

  • Education Level: Primary
  • # of students: 686
  • # of teachers: 27
3
GreatSchools Rating

Delta Vista Middle School

  • Education Level: Middle
  • # of students: 795
  • # of teachers: 30
4
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 2,550
  • # of teachers: 106
5
GreatSchools Rating
 

$598,500$731,500$665,000

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$2,454
Property Tax -$715
Property Insurance -$115
HOA -$105
Property Management Fees -$151
CASH FLOW
-$460

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.

$665,000

PROJECTED PRICE

$3,080

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.6%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$181,975

INVESTMENT

$181,975

Down Payment
$166,250
Rehab Estimate
$5,750
Closing Costs
$9,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,454

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $166,250
Loan Amount $498,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$22,601

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
  • $3,111

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,100
$3,100
RENT COMPS ANALYSIS
  • 1085 Clear Lake Dr Oakley, CA 1
    • 4 beds 5 baths ∙ 3,660 Sqft ∙ Built 2005 4 beds 5 baths ∙ 3,660 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1045 Clear Lake Dr Oakley, CA 2
    • 4 beds 5 baths ∙ 3,660 Sqft ∙ Built 2006 4 beds 5 baths ∙ 3,660 Sqft ∙ Built 2006
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.85
    •  
PROPERTY LISTING DETAILS
Annmarie Barajas
Heritage Rei Inc.
BESbswy