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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $236.73
- 6 Days on Market
- MLS # : EB40929598
- Updated Date : 11/21/2020 at 13:55
CONSTRUCTION
- Beds : 4
- Floor Size : 2,694 sqft
- Baths : 3 full
Listing Agent
Century 21 R.e. Alliance
Listing Agent's Description
Beautiful upgraded 2 story home in desirable Summer Lake community. Home sits back from the street with a cozy and quaint porch to enjoy, relax and listen to the birds chirping in the mature trees and bushes. Downstairs has travertine tile throughout, informal and formal living rooms, office and a downstairs bedroom and bathroom. Built-in entertainment center with surround sound. Cherry kitchen cabinets, granite island, granite countertops, stainless steel wifi frigerator. Large master bedroom with walkin closet. New carpet upstairs. Master bathroom has upgraded tile countertops, jacuzzi jetted hot tub and travertine tile flooring. Mature fruit trees, palm trees, and stamp cement. Plantation shutters throughout the home. OWNED solar panels, owned Vivint alarm system and NEST thermostats. No direct rear neighbors as it backs up to farm house. Enjoy Summer Lake's 25-acre lake, recreation center, multiple parks, playgrounds, 75-foot community pool, paddle and canoe on the lake.
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PRICE & RENT TRENDS
Zip Code: 94561
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 94561
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,030 |
| EXPENSES | Loan Payment | -$2,353 |
| Property Tax | -$686 | |
| Property Insurance | -$92 | |
| HOA | -$102 | |
| Property Management Fees | -$149 | |
|
CASH FLOW
-$352
|
||
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.
$637,750
PROJECTED PRICE
$3,030
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$174,754
LOAN DETAILS
$2,353
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $159,438 |
| Loan Amount | $478,313 |
4.17
YEARS SAVED
$29,473
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
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COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
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1824 Lakewood Oakley, CA
- 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $0
- $0.00
PROPERTY LISTING DETAILS
Century 21 R.e. Alliance
