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1723 Freeport Ct Oakley, CA 94561

4 Beds 2 Baths 1,784 sqft Built 1990

$530,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $297.09
  • 3 Days on Market
  • MLS # : EB40934325
  • Updated Date : 01/15/2021 at 16:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,784 sqft
  • Baths : 2 full
Listing Agent

Re/max Accord

Listing Agent's Description

Lovely single-story in desirable Oakley Neighborhood features light & bright open floor plan with vaulted ceilings, Living room with cozy fireplace for those cold winter evening, formal dining near to kitchen. Family room with natural lighting & easy excess to pool. Kitchen features, stainless appliances with plenty of cabinets, Bay window with built in seating. Large Master bedroom has cozy gas fireplace, nice size closet, sliding glass door to enjoy late night swim. Master bathroom has large tub to relax & soak your cares away. Inside laundry conveniently near bedrooms, Private back yard with large pool perfect for hot summer days. Low maintenance yards, cemented side yard. Commuter's dream, Freeway access & New Bart station minutes away. Close to Private & Public schools, places of worship, grocery stores, Slatten Ranch shopping, restaurants, walking trails, Big Break Regional Shoreline Park to enjoy fishing, outdoor activities, Quaint downtown & amphitheater & More!

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
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
 

$477,000$583,000$530,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$1,841
Property Tax -$608
Property Insurance -$70
Property Management Fees -$149
CASH FLOW
-$148

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.

$530,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.48%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$33,855

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $2,569

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,4003$2,5004$2,5205$2,600
$2,600
RENT COMPS ANALYSIS
  • 1723 Freeport Ct Oakley, CA 4
    • 4 beds 2 baths ∙ 1,784 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,784 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $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
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.48
    •  
  • 4581 El Monte Ct Oakley, CA 2
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1992
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.41
    •  
  • 2209 Ventnor Ln Oakley, CA 3
    • 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1992
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.42
    •  
  • 4109 Richard Way Oakley, CA 5
    • 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 1992
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.45
    •  
PROPERTY LISTING DETAILS
Marilyn Novo
Re/max Accord
BESbswy