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35 Solstice Court Oakley, CA 94561

4 Beds 3 Baths 2,161 sqft Built 2009

$600,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $277.65
  • 3 Days on Market
  • MLS # : EB40929215
  • Updated Date : 11/13/2020 at 15:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,161 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Perfect single story home in Oakley for sale; a home made for a growing family. Beautiful tile floor throughout the common living areas greeting you to the family room/ kitchen combo in a very open layout. Gourmet kitchen with granite countertops, upgraded backsplash, island with bar seating, long breakfast bar, eat-in area, stainless steel double sink, microwave, oven, and range stovetop. Family room with ceiling fan and large entertainment center nook. Gorgeous dining area with hanging chandelier; perfect for entertaining guests. Office space with custom desk and bookshelves and additional features like keyless garage access, alarm system, intercom, two-tone paint, and upgraded padded carpet. Grandmaster bedroom with a built-in ironing board ceiling fan, mirrored swing closet doors with custom closet organizer, and access to the backyard. Master bathroom with new tile floors, his & hers double vanity sink set, large sunken tub, and standing shower. Outside is one of our favorite part

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
Gehringer Elementary School Primary Regular 718 27 4
O'hara Park Middle School Middle Regular 868 36 3
Freedom High School High Regular 2,550 106 5

Gehringer Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 27
4
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
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,214
Property Tax -$701
Property Insurance -$79
Property Management Fees -$149
CASH FLOW
-$543

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.

$600,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.43%

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

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$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$13,123

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $2,842

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,6003$2,6004$2,9005$2,950
$2,950
RENT COMPS ANALYSIS
  • 35 Solstice Court Oakley, CA 3
    • 4 beds 3 baths ∙ 2,161 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,161 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.20
    •  
  • 58 Grand Canyon Cir Oakley, CA 1
    • 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 2005
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.34
    •  
  • 1008 Morning Glory Way Oakley, CA 2
    • 4 beds 3 baths ∙ 1,957 Sqft ∙ Built 2009 4 beds 3 baths ∙ 1,957 Sqft ∙ Built 2009
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.33
    •  
  • 220 Yellow Rose Oakley, CA 4
    • 5 beds 3 baths ∙ 2,414 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,414 Sqft ∙ Built 2006
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.20
    •  
  • 34 Bramante Ct Oakley, CA 5
    • 4 beds 2 baths ∙ 2,122 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,122 Sqft ∙ Built 2006
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.39
    •  
PROPERTY LISTING DETAILS
Krista Mashore
Exp Realty
BESbswy