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223 Lavender Way Oakley, CA 94561

4 Beds 3 Baths 2,503 sqft Built 2006

$660,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $263.68
  • 4 Days on Market
  • MLS # : EB40933540
  • Updated Date : 01/08/2021 at 19:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,503 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Compass

Listing Agent's Description

This 4 bed (plus den/office) 2.5 bath is a former model with hardwood floors, wainscoating, and beautiful cabinetry. This large lot offers plenty of back and side yard (large enough to add a pool). The backyard has a custom seating area and fire pit. Located directly across from the park, close to schools, shopping, and easy access to the freeway, public transportation and walking trails. The solar system has no monthly lease and with its power purchase agreement your energy bill is significantly reduced.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Oakley

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: South Oakley

NeighborhoodNIR 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
Almond Grove Elementary School Primary Regular NA
O'hara Park Middle School Middle Regular 868 36 3
Freedom High School High Regular 2,550 106 5

Almond Grove Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$594,000$726,000$660,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,292
Property Tax -$771
Property Insurance -$87
Property Management Fees -$149
CASH FLOW
-$540

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.

$660,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.7%
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

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$180,650

INVESTMENT

$180,650

Down Payment
$165,000
Rehab Estimate
$5,750
Closing Costs
$9,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,292

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $165,000
Loan Amount $495,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$12,411

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,785

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,7503$2,7604$2,9005$2,950
$2,950
RENT COMPS ANALYSIS
  • 223 Lavender Way Oakley, CA 3
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $1.10
    •  
  • 4611 Le Conte Cir Antioch, CA 1
    • 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 2010
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.11
    •  
  • 2337 Blue Ridge Ave Brentwood, CA 2
    • 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2010
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.08
    •  
  • 220 Yellow Rose Oakley, CA 4
    • 5 beds 3 baths ∙ 2,414 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,414 Sqft ∙ Built 2006
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.20
    •  
  • 5535 Coachford Way Antioch, CA 5
    • 4 beds 3 baths ∙ 2,781 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,781 Sqft ∙ Built 2013
    property image
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.06
    •  
PROPERTY LISTING DETAILS
Alicia Mccormick
Re/max Compass
BESbswy