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610 Allagash Court Oakley, CA 94561

5 Beds 4 Baths 2,603 sqft Built 2013

$659,000

List Price

$3,210

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $253.17
  • 3 Days on Market
  • MLS # : EB40933619
  • Updated Date : 01/09/2021 at 11:22
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,603 sqft
  • Baths : 4 full
Listing Agent

E3 Realty & Loans

Listing Agent's Description

This gorgeous 2,603 sq feet home immersed in the picturesque Summerlake community is pure beauty! You are greeted by natural light shining in through plantation shutters and brand new sleek floors that flows throughout. The�upgrade-filled kitchen features a large�island with quartz countertops, flat white cabinets, and�subway tile backsplash. The spacious living room�is highlighted by modern touches including a shiplap wall. The large loft is great as a game room, distance learning area or office. The secluded master suite has a dual vanity and walk-in closet. The other two bedrooms are joined by a jack-and-jill bathroom. Downstairs is a full bedroom and bathroom perfect for guests, and a large laundry room. Your beautifully landscaped backyard has a wood patio, stamped concrete seating area, lawn, and a playground. Summerlake, named after the 25-acre lake at its center, also features multiple parks, two baseball fields, soccer fields, an olympic sized pool and miles of hiking trails!

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
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
 

$593,100$724,900$659,000

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$2,289
Property Tax -$709
Property Insurance -$90
HOA -$102
Property Management Fees -$157
CASH FLOW
-$137

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.

$659,000

PROJECTED PRICE

$3,210

PROJECTED RENT

0.49%

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$180,385

INVESTMENT

$180,385

Down Payment
$164,750
Rehab Estimate
$5,750
Closing Costs
$9,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,289

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $164,750
Loan Amount $494,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$43,290

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,210

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $3,150

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2103$3,662
$3,662
RENT COMPS ANALYSIS
  • 610 Allagash Court Oakley, CA 2
    • 5 beds 4 baths ∙ 2,603 Sqft ∙ Built 2013 5 beds 4 baths ∙ 2,603 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $1.23
    •  
  • 2611 Manresa Shore Ln Oakley, CA 1
    • 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 2015
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.18
    •  
  • 1103 Lake Park Dr Oakley, CA 3
    • 5 beds 3 baths ∙ 2,942 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,942 Sqft ∙ Built 2006
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,662
    • $1.24
    •  
PROPERTY LISTING DETAILS
Nicholas Smith
E3 Realty & Loans
BESbswy