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23 Murillo Ct Oakley, CA 94561

4 Beds 3 Baths 3,109 sqft Built 2006

$650,000

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $209.07
  • 4 Days on Market
  • MLS # : EB40933536
  • Updated Date : 01/08/2021 at 20:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,109 sqft
  • Baths : 3 full
Listing Agent

Cal Bay Realty

Listing Agent's Description

This home has so many extras that buyers will be in awe! The views from the back of the property are amazing! Then amenities are to many to add to do it justice! This property is setup to entertain and potential buyers will not be disappointed! Please call agent for showing to not over lap showings. All showings must provide PED form and contact agent or available times. No show until 1/10/2021.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cypress Corridor

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Neighborhood: Cypress Corridor

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
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
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$2,258
Property Tax -$752
Property Insurance -$102
Property Management Fees -$154
CASH FLOW
-$126

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.

$650,000

PROJECTED PRICE

$3,140

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$43,901

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
  • $3,171

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7503$3,1504$3,799
$3,799
RENT COMPS ANALYSIS
  • 23 Murillo Ct Oakley, CA 1
    • 4 beds 3 baths ∙ 3,109 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,109 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16 Diane Ct Oakley, CA 2
    • 5 beds 4 baths ∙ 3,290 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,290 Sqft ∙ Built 2004
    property image
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.84
    •  
  • 526 Mercury Ct Oakley, CA 3
    • 4 beds 3 baths ∙ 2,965 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,965 Sqft ∙ Built 2018
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.06
    •  
  • 27 Rustic Ct Oakley, CA 4
    • 5 beds 3 baths ∙ 3,282 Sqft ∙ Built 2015 5 beds 3 baths ∙ 3,282 Sqft ∙ Built 2015
    property image
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,799
    • $1.16
    •  
PROPERTY LISTING DETAILS
Kathleen Estrada
Cal Bay Realty
BESbswy