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1220 Poplar Drive Oakley, CA 94561

4 Beds 3 Baths 3,744 sqft Built 2007

$624,950

List Price

$3,040

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $166.92
  • 3 Days on Market
  • MLS # : BE40928288
  • Updated Date : 11/06/2020 at 17:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,744 sqft
  • Baths : 3 full
Listing Agent

Realty One Group Today

Listing Agent's Description

Summerlake home ready when you are... classic portico entry way leads to a spacious main level with formal living room, formal dining room, a great GREAT Room / Kitchen combo. The kitchen is a small restaurant size with large island - and plenty of storage, spacious island seating, extended dining area ending at the family room. One bedroom / full bath downstairs and three car capacity tandem garage. Walk-up the elegant staircase to your second floor filled with a large Loft, 2-bedrooms, full bath in the hall and a large Laundry room with sink & storage. The primary bedroom provides a closet you will have a hard time filling to capacity, spacious bathroom, jetted tub & shower... the list goes on. Back yard is yours to create your vision - open canvas, eh - with sustainable plants and a patio to lounge... Make this home your shelter-in-peace!

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
 

$562,455$687,445$624,950

PURCHASE PRICE

$2,736$3,344$3,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,040
EXPENSES Loan Payment -$2,306
Property Tax -$672
Property Insurance -$117
HOA -$85
Property Management Fees -$149
CASH FLOW
-$289

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.

$624,950

PROJECTED PRICE

$3,040

PROJECTED RENT

0.49%

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-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$171,362

INVESTMENT

$171,362

Down Payment
$156,238
Rehab Estimate
$5,750
Closing Costs
$9,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,238
Loan Amount $468,713
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$34,151

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,040

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $3,182

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$3,040
1$3,0402$3,100
$3,100
RENT COMPS ANALYSIS
  • 1220 Poplar Drive Oakley, CA 1
    • 4 beds 3 baths ∙ 3,744 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,744 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $3,040
    • $0.81
    •  
  • 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
Will Doerlich
Realty One Group Today
BESbswy