Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1456 1456 Walnut Meadows Dr Oakley, CA 94561

3 Beds 2 Baths 1,804 sqft Built 1990

$545,000

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $302.11
  • 3 Days on Market
  • MLS # : CC40931945
  • Updated Date : 12/18/2020 at 12:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,804 sqft
  • Baths : 2 full
Listing Agent

Real Estate Ebroker Inc

Listing Agent's Description

Lovely single story home with several amenities. Owned solar installed within the last three years, newer high efficiency A/C & heater, newly upgraded granite kitchen with raised counter heights, bamboo floors in cozy family room with wood burning fireplace, formal dining room, formal living room, master suite with sunken jet tub and backyard access to deck with hot tub, fresh paint outside, RV & side parking with small locking storage building on same side, RING Security camera/doorbell, metal framed security doors on front and side of house. Beautifully landscaped front yard, dog run on side yard, fenced garden area in backyard. No HOA or special assessments.

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
 

$490,500$599,500$545,000

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$2,011
Property Tax -$625
Property Insurance -$71
Property Management Fees -$149
CASH FLOW
-$315

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.

$545,000

PROJECTED PRICE

$2,540

PROJECTED RENT

0.47%

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-$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$150,175

INVESTMENT

$150,175

Down Payment
$136,250
Rehab Estimate
$5,750
Closing Costs
$8,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $136,250
Loan Amount $408,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$26,240

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $2,598

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,3003$2,4004$2,5005$2,540
$2,540
RENT COMPS ANALYSIS
  • 1456 1456 Walnut Meadows Dr Oakley, CA 5
    • 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $1.41
    •  
  • 861 Walnut Dr Oakley, CA 1
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1982
    property image
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.48
    •  
  • 4533 Waterford Way Oakley, CA 2
    • 3 beds 3 baths ∙ 1,591 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,591 Sqft ∙ Built 1993
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.45
    •  
  • 4581 El Monte Ct Oakley, CA 3
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1992
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.41
    •  
  • 2209 Ventnor Ln Oakley, CA 4
    • 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1992
    property image
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.42
    •  
PROPERTY LISTING DETAILS
Debra Silva
Real Estate Ebroker Inc
BESbswy