Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

978 Walnut Dr Oakley, CA 94561

3 Beds 2 Baths 1,334 sqft Built 1979

$499,999

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $374.81
  • 7 Days on Market
  • MLS # : CC40933940
  • Updated Date : 01/13/2021 at 12:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,334 sqft
  • Baths : 2 full
Listing Agent

Main Street Realty

Listing Agent's Description

Rare Opportunity!! Recently Remodeled 1-Story 3 Bedroom + 2 Bath + POOL & SPA + Solar & Side-yard Access! Includes New Laminate Flooring Fresh Paint Throughout Complimented By New Baseboard & Crown Molding Accents. Updated Kitchen Featuring Breakfast Bar, New Cabinets, Granite Slab Counter Tops, Glass Tile Black-splash, SS Appliances, Gas Range, Pendant & Recess Lighting. Living Room + Inviting Family Room Offering a Stone Faced Fireplace that overlooks the Pool & Spa. Other upgrades Include Newer Windows, Remolded Master Bathroom & Leased Solar System to Help Reduce Utility Costs. Walking Distance to All Level Schools & Close to Shopping, Bart & Highway 4 Access. This is one is a MUST SEE TO APPRECIATE! Professional Photos will be uploaded soon these are just temporary!

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
 

$449,999$549,999$499,999

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 -$1,737
Property Tax -$582
Property Insurance -$59
Property Management Fees -$149
CASH FLOW
-$427

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.

$499,999

PROJECTED PRICE

$2,100

PROJECTED RENT

0.42%

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$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $374,999
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$10,310

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $1.57

    LIST RENT PER SQFT
  • $2,143

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1953$2,3504$2,475
$2,475
RENT COMPS ANALYSIS
  • 978 Walnut Dr Oakley, CA 1
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.57
    •  
  • 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
    •  
  • 1236 Walnut Meadows Dr Oakley, CA 3
    • 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1999
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.68
    •  
  • Waterford Ct Oakley, CA 4
    • 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
Michael Gourkani
Main Street Realty
BESbswy