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4509 Rose Ave Oakley, CA 94561

3 Beds 2 Baths 1,189 sqft Built 1983

$460,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $386.88
  • 2 Days on Market
  • MLS # : EB40927849
  • Updated Date : 11/02/2020 at 15:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,189 sqft
  • Baths : 2 full
Listing Agent

Realty One Group Elite

Listing Agent's Description

Make this your home today! Come take a look at this beautiful move-in ready solar single-story home. Bright open floor plan. The upgrades are endless and conform to the modern d�cor. Eat in kitchen with all new appliances, new cabinets, granite counter tops, can lighting, new laminate flooring, paint, sink, faucet, and plumbing. Dining room with new ceiling fan & light, also convenient slider to newly landscaped backyard. Living room boast of new rock fireplace with shelves, lighting & laminate flooring. Bathrooms with refinished tub & shower, new vanities, mirrors, sinks, and toilets. Upgrades in every room, too many to list. New paint inside and out, blinds, ceiling fans, flooring, baseboards, plugs and switches. Close to quaint downtown Oakley with shopping and restaurants for your convenience. Don't miss out on this one! FOR VIRTUAL TOUR GO TO: www.4509RoseAve.com

SEE MORE

PRICE & RENT TRENDS

Zip Code: 94561

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1015k

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

Zip Code: 94561

ZipNIR 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
Oakley Elementary School Primary Regular 461 20 1
O'hara Park Middle School Middle Regular 868 36 3
Freedom High School High Regular 2,550 106 5

Oakley Elementary School

  • Education Level: Primary
  • # of students: 461
  • # of teachers: 20
1
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
 

$414,000$506,000$460,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,697
Property Tax -$536
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
-$338

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.

$460,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.46%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$17,954

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
  • $1,867

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,475
$2,475
RENT COMPS ANALYSIS
  • 4509 Rose Ave Oakley, CA 1
    • 3 beds 2 baths ∙ 1,189 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,189 Sqft ∙ Built 1983
    • 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
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.48
    •  
  • Waterford Ct Oakley, CA 3
    • 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 1993
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $1.66
    •  
PROPERTY LISTING DETAILS
Carole Thoresen
Realty One Group Elite
BESbswy