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265 Hibiscus Way Oakley, CA 94561

4 Beds 3 Baths 2,729 sqft Built 2012

$639,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $234.15
  • 5 Days on Market
  • MLS # : EB40927597
  • Updated Date : 11/02/2020 at 14:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,729 sqft
  • Baths : 2 full , 1 half
Listing Agent

Nexthome Town & Country

Listing Agent's Description

265 Hibiscus Way is a Magnolia Park charmer located at the end of a court on a premium size lot. Just a short walk to amazing public schools, parks, and fitness facilities. As you walk up to this lovely home enjoy being greeted by a covered porch perfect for morning coffee. Features include solar, TAEXX built-in pest control system, laminate floors, plantation shutters, large rooms for entertaining, accent walls, huge upstairs loft space (5th bedroom?), upstairs indoor laundry, and double bath sinks. Kitchen is just what the chef ordered complete with solid surface granite countertops, loads of cabinets for all your cooking supplies, center island breakfast bar, stainless steel appliances, gas range, and a well needed walk-in pantry. Backyard is ready for entertaining complete with stamped concrete, covered patio overhang, concrete side-yard pad with well built storage shed, fruit trees, garden beds, and a perfect size lawn! http://listings.nextdoorphotos.com/265hibiscusway/?mls

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PRICE & RENT TRENDS

Neighborhood: Rose Garden

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $227k1015k

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

Neighborhood: Rose Garden

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
 

$575,100$702,900$639,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,358
Property Tax -$679
Property Insurance -$93
Property Management Fees -$149
CASH FLOW
-$479

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.

$639,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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$175,085

INVESTMENT

$175,085

Down Payment
$159,750
Rehab Estimate
$5,750
Closing Costs
$9,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,358

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $159,750
Loan Amount $479,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$20,602

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,865

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$2,7953$2,8004$2,9505$3,150
$3,150
RENT COMPS ANALYSIS
  • 265 Hibiscus Way Oakley, CA 3
    • 4 beds 3 baths ∙ 2,729 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,729 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.03
    •  
  • 4739 Dundee St Antioch, CA 1
    • 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2014
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.05
    •  
  • 1224 Exeter Way Brentwood, CA 2
    • 4 beds 3 baths ∙ 2,712 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,712 Sqft ∙ Built 2000
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.03
    •  
  • 5535 Coachford Way Antioch, CA 4
    • 4 beds 3 baths ∙ 2,781 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,781 Sqft ∙ Built 2013
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.06
    •  
  • 526 Mercury Ct Oakley, CA 5
    • 4 beds 3 baths ∙ 2,965 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,965 Sqft ∙ Built 2018
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.06
    •  
PROPERTY LISTING DETAILS
Christina Durflinger
Nexthome Town & Country
BESbswy