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1232 Poplar Dr Oakley, CA 94561

4 Beds 3 Baths 3,595 sqft Built 2007

$680,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $189.15
  • 5 Days on Market
  • MLS # : EB40927300
  • Updated Date : 10/30/2020 at 17:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,595 sqft
  • Baths : 3 full
Listing Agent

Heritage Rei Inc.

Listing Agent's Description

Stunning Summer Lake home boasting 3600 sq ft. 4 bedrooms, 3 full bathrooms, 1 bed and bath downstairs, loft, large sized bedrooms, retreat off the master the size of a bedroom, tons of storage as well as 2 built in desk working stations. Beautiful open kitchen with gourmet kitchen appliances including a built in refrigerator. Large living room with built in entertainment center. Hardwood and title floors downstairs. 3 car finished garages to store all your toys. Great backyard perfect for entertaining with built in BBQ island & covered patio. Summer Lake community has tons of parks, basketball court, tennis court, miles and miles of trails, lake to paddle board and paddle boat on, Olympic sized swimming pool.

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
 

$612,000$748,000$680,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,509
Property Tax -$731
Property Insurance -$114
HOA -$102
Property Management Fees -$149
CASH FLOW
-$555

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.

$680,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.45%

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$185,950

INVESTMENT

$185,950

Down Payment
$170,000
Rehab Estimate
$5,750
Closing Costs
$10,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,509

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $170,000
Loan Amount $510,000
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$16,793

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $3,056

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$3,050
1$3,0502$3,100
$3,100
RENT COMPS ANALYSIS
  • 1232 Poplar Dr Oakley, CA 1
    • 4 beds 3 baths ∙ 3,595 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,595 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.85
    •  
  • 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
Lynn Paoli
Heritage Rei Inc.
BESbswy