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1525 Thistle Ct Oakley, CA 94561

4 Beds 3 Baths 2,206 sqft Built 1991

$650,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $294.65
  • 4 Days on Market
  • MLS # : MR40929020
  • Updated Date : 11/13/2020 at 10:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,206 sqft
  • Baths : 2 full , 1 half
Listing Agent

Real Estate Gateway

Listing Agent's Description

Truly spectacular this 4 bedroom 2.5 bath home tucked at the end of a quiet cul-de-sac on an impressive sized lot. Spacious and remodeled kitchen boasts classic quarts countertops, with room for a custom island, opens to the family room with a cozy gas piped fireplace. Separate living and dining room boasts vaulted ceilings and wall to wall wainscoting. Luxurious Master suite with a generous size walk in closet. Extra large 4 car garage with rear yard and interior access. Dream backyard fully equip with a luxurious pool/spa, in ground basketball hoop, 2 separate sheds for storage and plenty of room for RV access. Ease of convenience to Hwy 4. Whole house fan, upstairs bathroom skylight and leased solar are just some of the features this home has to offer.

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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
Laurel Elementary School Primary Regular 576 23 3
O'hara Park Middle School Middle Regular 868 36 3
Freedom High School High Regular 2,550 106 5

Laurel Elementary School

  • Education Level: Primary
  • # of students: 576
  • # of teachers: 23
3
GreatSchools Rating

O'hara Park Middle School

  • Education Level: Middle
  • # of students: 868
  • # of teachers: 36
3
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 2,550
  • # of teachers: 106
5
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,398
Property Tax -$746
Property Insurance -$80
Property Management Fees -$149
CASH FLOW
-$673

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.

$650,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.42%

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

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$9,206

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
  • $2,735

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$2,8004$2,9005$3,200
$3,200
RENT COMPS ANALYSIS
  • 1525 Thistle Ct Oakley, CA 1
    • 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1008 Morning Glory Way Oakley, CA 2
    • 4 beds 3 baths ∙ 1,957 Sqft ∙ Built 2009 4 beds 3 baths ∙ 1,957 Sqft ∙ Built 2009
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.33
    •  
  • 1547 Rutherford Ln Oakley, CA 3
    • 5 beds 3 baths ∙ 2,426 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,426 Sqft ∙ Built 1990
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.15
    •  
  • 220 Yellow Rose Oakley, CA 4
    • 5 beds 3 baths ∙ 2,414 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,414 Sqft ∙ Built 2006
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.20
    •  
  • 115 Montevino Ct Oakley, CA 5
    • 5 beds 3 baths ∙ 2,491 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,491 Sqft ∙ Built 2005
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.28
    •  
PROPERTY LISTING DETAILS
Andrea Ellery
Real Estate Gateway
BESbswy