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1861 Concannon Dr Oakley, CA 94561

3 Beds 2 Baths 1,443 sqft Built 1988

$479,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $331.95
  • 4 Days on Market
  • MLS # : EB40932431
  • Updated Date : 12/25/2020 at 11:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,443 sqft
  • Baths : 2 full
Listing Agent

Keller Williams

Listing Agent's Description

Check out this 3 bedroom plus bonus room single story with side yard access in the desirable Vintage Parkway neighborhood of Oakley. Beautifully maintained with newer roof and water heater. Appliances included with this open floor layout with luxury wood laminate flooring, tile, and carpeted bedrooms. Virtual Tour available https://my.matterport.com/show/?m=2mEBbEEDLRR

SEE MORE

PRICE & RENT TRENDS

Neighborhood: California Beacon

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: California Beacon

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $12733193

* 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
Vintage Parkway Elementary School Primary Regular 527 20 5
Delta Vista Middle School Middle Regular 795 30 4
Freedom High School High Regular 2,550 106 5

Vintage Parkway Elementary School

  • Education Level: Primary
  • # of students: 527
  • # of teachers: 20
5
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
 

$431,100$526,900$479,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,767
Property Tax -$549
Property Insurance -$62
Property Management Fees -$149
CASH FLOW
-$388

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.

$479,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.1%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$15,602

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
  • $2,139

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,4004$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 1861 Concannon Dr Oakley, CA 1
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 861 Walnut Dr Oakley, CA 2
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1982
    property image
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.48
    •  
  • 4581 El Monte Ct Oakley, CA 3
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1992
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.41
    •  
  • 1440 Walnut Medows Dr. Oakley, CA 4
    • 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1990
    property image
    LEASED 06/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.62
    •  
  • 2209 Ventnor Ln Oakley, CA 5
    • 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1992
    property image
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.42
    •  
PROPERTY LISTING DETAILS
Monique Fuentes
Keller Williams
BESbswy