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

1656 Oakland Blvd Walnut Creek, CA 94596

2 Beds 3 Baths 1,398 sqft Built 2012

$900,000

List Price

$3,420

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $643.78
  • 3 Days on Market
  • MLS # : CC40929905
  • Updated Date : 11/21/2020 at 07:40
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,398 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Welcome to this modern (built 2012) detached single-family home in the sought-after, peaceful, historic Almond-Shuey neighborhood. This beautiful home includes upgraded high-end finishes, a gourmet island kitchen, private balcony, upgraded lighting, and automatic blinds! Located within walking distance (2 blocks) of both Walnut Creek BART station and the darling downtown Walnut Creek with its shopping and restaurants. Original owner has owned it since it was constructed. Park your car in the over-sized garage with plenty of storage. This property includes 1 additional parking space in the development's private lot. Walking distance to Civic Park and Alma Park (Heather Farm Park is a short drive away!). The home is perfectly situated surrounded by other highly desirable properties. If you want to call this house "home", schedule a viewing appointment today. Don't miss out on this incredible opportunity in this highly sought-after neighborhood.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Downtown Walnut Creek

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $241k1078k

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

Neighborhood: Downtown Walnut Creek

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21600180020002200240026002800300032003400360038004000Rent in $15334076

* 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
Buena Vista Elementary School Primary Regular 546 24 7
Walnutcreek Intermediate School Middle Regular 1,219 48 8
Las Lomas High School High Regular 1,541 75 9

Buena Vista Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 24
7
GreatSchools Rating

Walnutcreek Intermediate School

  • Education Level: Middle
  • # of students: 1,219
  • # of teachers: 48
8
GreatSchools Rating

Las Lomas High School

  • Education Level: High
  • # of students: 1,541
  • # of teachers: 75
9
GreatSchools Rating
 

$810,000$990,000$900,000

PURCHASE PRICE

$3,078$3,762$3,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,420
EXPENSES Loan Payment -$3,321
Property Tax -$964
Property Insurance -$61
HOA -$250
Property Management Fees -$168
CASH FLOW
-$1,343

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.

$900,000

PROJECTED PRICE

$3,420

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$244,250

INVESTMENT

$244,250

Down Payment
$225,000
Rehab Estimate
$5,750
Closing Costs
$13,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,321

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $225,000
Loan Amount $675,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$507

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
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 1656 Oakland Blvd Walnut Creek, CA
    • 2 beds 3 baths ∙ 1,398 Sqft ∙ Built 2012 2 beds 3 baths ∙ 1,398 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
PROPERTY LISTING DETAILS
Ronni Collmer
Keller Williams Realty
BESbswy