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168 Oakridge Drive Danville, CA 94506

3 Beds 2 Baths 2,398 sqft Built 1981

$1,499,000

List Price

$4,500

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $625.10
  • 5 Days on Market
  • MLS # : CC40928597
  • Updated Date : 11/13/2020 at 11:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,398 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

There is nothing to do with this one! �Upgraded and designed to perfection.! From the moment you enter the property your eyes will be delighted with the meticulously remodeled single-level home in a gated community. Significant interior changes were made that features a gourmet kitchen with stainless steel appliances, marble countertops, island, Bosch dishwasher, new cabinets, skylight added, raised ceilings,�and eating area that opens up into the family room. �Beautiful hardwood floors with new carpet in the bedrooms, large living room, formal dining. Beautiful french doors will lead you outside to 4 large private entertaining spaces for your enjoyment. �The home offers 3 bedrooms, 2 baths, and a 3 car garage with an abundance of storage. Recently painted interior walls, new sod, stained exterior decking are a few of the improvements that were recently completed. Views of Mt. Diablo in front of the home and stunning views in the back. � All there is left to do in move in and enjoy!! -

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Blackhawk

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $273k1585k

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

Neighborhood: Blackhawk

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2200025003000350040004500Rent in $16714853

* 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
Tassajara Hills Elementary School Primary Regular 595 23 10
Diablo Vista Middle School Middle Regular 941 37 9
Monte Vista High School High Regular 2,255 97 10

Tassajara Hills Elementary School

  • Education Level: Primary
  • # of students: 595
  • # of teachers: 23
10
GreatSchools Rating

Diablo Vista Middle School

  • Education Level: Middle
  • # of students: 941
  • # of teachers: 37
9
GreatSchools Rating

Monte Vista High School

  • Education Level: High
  • # of students: 2,255
  • # of teachers: 97
10
GreatSchools Rating
 

$1,349,100$1,648,900$1,499,000

PURCHASE PRICE

$4,050$4,950$4,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,500
EXPENSES Loan Payment -$5,531
Property Tax -$1,472
Property Insurance -$85
HOA -$374
Property Management Fees -$221
CASH FLOW
-$3,182

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.

$1,499,000

PROJECTED PRICE

$4,500

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.4%
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$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$402,985

INVESTMENT

$402,985

Down Payment
$374,750
Rehab Estimate
$5,750
Closing Costs
$22,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$5,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $374,750
Loan Amount $1,124,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$19

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
  • $4,610

    COMP ESTIMATED VALUE
  • $1.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9503$4,3504$5,2005$5,200
$5,200
RENT COMPS ANALYSIS
  • 168 Oakridge Drive Danville, CA 1
    • 3 beds 2 baths ∙ 2,398 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,398 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3089 Deer Meadow Dr Danville, CA 2
    • 3 beds 2 baths ∙ 2,081 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,081 Sqft ∙ Built 1985
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.90
    •  
  • 704 Mistral Court Danville, CA 3
    • 3 beds 3 baths ∙ 2,292 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,292 Sqft ∙ Built 1993
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $1.90
    •  
  • 257 Conifer Ter Danville, CA 4
    • 3 beds 3 baths ∙ 2,663 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,663 Sqft ∙ Built 1985
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,200
    • $1.95
    •  
  • 4068 Sugar Maple Dr Danville, CA 5
    • 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 1984
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,200
    • $1.94
    •  
PROPERTY LISTING DETAILS
Jeanie Hess
Compass
BESbswy