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913 Chianti Way Oakley, CA 94561

4 Beds 3 Baths 1,872 sqft Built 1980

$530,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $283.12
  • 7 Days on Market
  • MLS # : EB40933837
  • Updated Date : 01/15/2021 at 03:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,872 sqft
  • Baths : 2 full , 1 half
Listing Agent

Marples & Associates

Listing Agent's Description

WONDERFUL FAMILY OPPORTUNITY1 CENTRAL OAKLEY LOCATION WITH 4 BEDS AND 2.5 BATHS! POOL WITH FENCED YARD! LOW MAINTENANCE YARD WITH CONCRETE AND SIDEYARDS! FAMILY ROOM WITH FIREPLACE ADJOINS UPDATED KITCHEN. SHARP UPDATED BATHSIN, DOOR LAUNDRY ROOM. SECURITY SYSTEM. MAKE THIS YOUR FAMILY DREAM HOME! OFFERS REVIEWED MONDAY JANUARY 18TH AT 10 AM.

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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
Laurel Elementary School Primary Regular 576 23 3
O'hara Park Middle School Middle Regular 868 36 3
Freedom High School High Regular 2,550 106 5

Laurel Elementary School

  • Education Level: Primary
  • # of students: 576
  • # of teachers: 23
3
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
 

$477,000$583,000$530,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,841
Property Tax -$608
Property Insurance -$72
Property Management Fees -$149
CASH FLOW
-$170

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.

$530,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$31,850

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
  • $2,691

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,5004$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 913 Chianti Way Oakley, CA 1
    • 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4581 El Monte Ct Oakley, CA 2
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1992
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.41
    •  
  • 2209 Ventnor Ln Oakley, CA 3
    • 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1992
    property image
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.42
    •  
  • 4109 Richard Way Oakley, CA 4
    • 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 1992
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.45
    •  
  • 1495 Quail Valley Run Oakley, CA 5
    • 4 beds 3 baths ∙ 1,763 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,763 Sqft ∙ Built 1990
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.47
    •  
PROPERTY LISTING DETAILS
Cathie Marples
Marples & Associates
BESbswy