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1143 Lake Park Dr Oakley, CA 94561

5 Beds 3 Baths 2,589 sqft Built 2006

$600,000

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $231.75
  • 3 Days on Market
  • MLS # : EB40930422
  • Updated Date : 11/27/2020 at 12:45
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,589 sqft
  • Baths : 3 full
Listing Agent

Heritage Rei Inc.

Listing Agent's Description

This beautiful Summer Lake home boasts 2589 sq ft with 5 bedrooms, (one full bed and bath downstairs) 3 full bathrooms. Separate formal dinning and seating room in the front portion of the house. Large open living room and kitchen perfect for entertaining. New hardwood floors, tile floors and newer premium stain master carpet throughout. Granite kitchen counters with premium appliances. New AC and water heater. Enjoy Summer Lake living with access to pool, tennis, basketball, lake for paddle boarding and canoeing, 9 parks and miles of walking trails. Don't and miss out on a chance to own this beautiful home.

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
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$2,214
Property Tax -$645
Property Insurance -$90
HOA -$106
Property Management Fees -$149
CASH FLOW
-$374

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.

$600,000

PROJECTED PRICE

$2,830

PROJECTED RENT

0.47%

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$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$24,775

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
  • $3,055

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,200
$3,200
RENT COMPS ANALYSIS
  • 1143 Lake Park Dr Oakley, CA 1
    • 5 beds 3 baths ∙ 2,589 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,589 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2611 Manresa Shore Ln Oakley, CA 2
    • 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 2015
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.18
    •  
PROPERTY LISTING DETAILS
Lynn Paoli
Heritage Rei Inc.
BESbswy