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1780 Edgewood Dr Oakley, CA 94561

3 Beds 2 Baths 1,176 sqft Built 1974

$439,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $374.06
  • 4 Days on Market
  • MLS # : CC40932230
  • Updated Date : 12/18/2020 at 18:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,176 sqft
  • Baths : 2 full
Listing Agent

Luxe Realty Group

Listing Agent's Description

Charming Family Home in the heart of Oakley. This beautiful 3/2 has been fully remodeled from the ground up with Life Proof flooring, new windows, gorgeous open kitchen with brand new SS appliances and quartz counter tops, custom tile finishes in the kitchen and bathrooms. The backyard is a blank canvas ready for anything you can dream up. Family oriented neighborhood with wonderful neighbors, walking distance to shops, transportation, grocery. This beautiful home marks all the boxes, all it needs is you.

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
Oakley Elementary School Primary Regular 461 20 1
O'hara Park Middle School Middle Regular 868 36 3
Freedom High School High Regular 2,550 106 5

Oakley Elementary School

  • Education Level: Primary
  • # of students: 461
  • # of teachers: 20
1
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
 

$395,910$483,890$439,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,623
Property Tax -$492
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
-$160

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.

$439,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.49%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$33,144

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $1.84

    LIST RENT PER SQFT
  • $1,846

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$2,160
1$2,1602$2,1953$2,475
$2,475
RENT COMPS ANALYSIS
  • 1780 Edgewood Dr Oakley, CA 1
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.84
    •  
  • 861 Walnut Dr Oakley, CA 2
    • 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
    •  
  • Waterford Ct Oakley, CA 3
    • 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 1993
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $1.66
    •  
PROPERTY LISTING DETAILS
Mahyar Nooraei
Luxe Realty Group
BESbswy