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1230 Fetzer Ln Oakley, CA 94561

4 Beds 2 Baths 1,782 sqft Built 1999

$540,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $303.03
  • 4 Days on Market
  • MLS # : BE40930394
  • Updated Date : 11/28/2020 at 13:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,782 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California

Listing Agent's Description

Great home in desirable Oakley neighborhood. Open floorplan kitchen & family room. Many updates throughout including kitchen, bath and hallway counters all matching. New carpets (11/23). Vaulted Ceilings. Artificial turf in back yard. Backs up to the Big Break Regional Trail.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: California Beacon

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: California Beacon

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $12733193

* 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
Vintage Parkway Elementary School Primary Regular 527 20 5
Delta Vista Middle School Middle Regular 795 30 4
Freedom High School High Regular 2,550 106 5

Vintage Parkway Elementary School

  • Education Level: Primary
  • # of students: 527
  • # of teachers: 20
5
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
 

$486,000$594,000$540,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,992
Property Tax -$619
Property Insurance -$70
Property Management Fees -$149
CASH FLOW
-$441

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.

$540,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.1%
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

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$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$16,087

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
  • $2,557

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,3004$2,5005$2,950
$2,950
RENT COMPS ANALYSIS
  • 1230 Fetzer Ln Oakley, CA 1
    • 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 861 Walnut Dr Oakley, CA 2
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1982
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.48
    •  
  • 4533 Waterford Way Oakley, CA 3
    • 3 beds 3 baths ∙ 1,591 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,591 Sqft ∙ Built 1993
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.45
    •  
  • 2209 Ventnor Ln Oakley, CA 4
    • 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1992
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.42
    •  
  • 34 Bramante Ct Oakley, CA 5
    • 4 beds 2 baths ∙ 2,122 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,122 Sqft ∙ Built 2006
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.39
    •  
PROPERTY LISTING DETAILS
Jeff Lutzinger
Exp Realty Of California
BESbswy