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1824 Lakewood Oakley, CA 94561

4 Beds 3 Baths 2,694 sqft Built 2005

$637,750

List Price

$3,030

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
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.

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
Iron House Elementary School Primary Regular 686 27 3
Delta Vista Middle School Middle Regular 795 30 4
Freedom High School High Regular 2,550 106 5

Iron House Elementary School

  • Education Level: Primary
  • # of students: 686
  • # of teachers: 27
3
GreatSchools Rating

Delta Vista Middle School

  • Education Level: Middle
  • # of students: 795
  • # of teachers: 30
4
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 2,550
  • # of teachers: 106
5
GreatSchools Rating
 

$573,975$701,525$637,750

PURCHASE PRICE

$2,727$3,333$3,030

RENT

DOWN PAYMENT
FINANCING

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

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$174,754

INVESTMENT

$174,754

Down Payment
$159,438
Rehab Estimate
$5,750
Closing Costs
$9,566

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,353

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $159,438
Loan Amount $478,313
See What Happens When You Reinvest Cash Flow

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.

  • $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
  • 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
Elizabeth Counts
Century 21 R.e. Alliance
BESbswy