3873 8th Ave

Sacramento 95817 · Central Oak Park · APN 014-0174-003-0000 · City of Sacramento

Property brief (PDF)Timeline ↓Calculator ↓Official records ↓

For saleLast soldEst. price

What's changing nearby

Since October 2024 within ½ mile: 69 homes completed, 51 permitted, 26 proposed or in review (44 of them deed-restricted affordable); 4 demolitions; 1 commercial or mixed-use project.

63 projects with a record in this window, grouped by us from permits and State housing reports. Units are as proposed on each project's latest record and counted at its current stage.

799 permits within ½ mile since October 2024

New construction23 · 47 units
Adds housing (ADU)43 · 55 units
Demolition8
Additions & renovations77
Building systems579
Repairs17
Other52

The map shows new construction, ADUs, demolitions, additions, and renovations. Routine systems work (roofs, HVAC, water heaters) is counted but not mapped. Unit counts are as stated on permits.

Explore projects on the map →Explore sales & prices →

Source: City of Sacramento CDD, Issued Building Permits (Current Year) · Geography: permits located by parcel, ½ mile radius · Source updated Oct 1, 2026 · Retrieved Oct 22, 2026

Estimated price, listing status & sales records

Benchmark valuation & transaction history

Estimated PriceZHVI + ACS + Permits

$481,000

Benchmark range: $423,000 – $539,000

Listing StatusOff Market

Not currently listed for sale

Compare nearby sales & prices on map →

Last Sold & Tax Roll

No deed price in open GIS feed

Verify on Assessor Parcel Viewer

How this estimated price is calculated (ZIP ZHVI + Neighborhood ACS + Permit Model)

Model monthly ownership cost ↓

1. Area home value baseline: 70% ZIP 95817 Zillow ZHVI ($461,684, September 2026) + 30% Central Oak Park ACS median ($427,526); $451,436
2. Parcel & lot adjustment (1.06×): Single-family lot (13,504 sq ft, +6.5% lot-size adjustment vs 6,000 sq ft standard lot); +$29,297
3. Documented permitted improvements: No recent value-adding ADU, addition, or remodel permits recorded on this parcel; +$0

Public-records benchmark estimate combining Zillow Home Value Index (Data provided by Zillow), Census ACS 5-year estimates, parcel land-use/lot characteristics, and issued building permits. Not an official appraisal.

What could be built here

A screen, not a determination

ADU or junior ADU

Likely eligible

Zoned R-1 (single-family residential): state law allows ADUs where homes are allowed.

What we couldn't check (4)

Setbacks, height and size limits in the local ADU ordinance
Utility and sewer capacity, fire access
Historic district or landmark status: we have no historic layer for this area yet.
Locally adopted fire hazard maps, which can be broader than the State's.

SB 9: two homes on the lot

Likely eligible

Zoned R-1, a single-family residential zone.

What we couldn't check (6)

Whether a tenant lived there in the last 3 years, or the building was withdrawn from rent under the Ellis Act
Rent-controlled or deed-restricted affordable housing on the lot
Wetlands, habitat, farmland, hazardous waste sites and conservation easements
Local SB 9 standards (size, setbacks, parking)
Historic district or landmark status: we have no historic layer for this area yet.
Locally adopted fire hazard maps, which can be broader than the State's.

SB 9: split into two lots

Likely eligible

Zoned R-1, a single-family residential zone.
The lot is 13,504 sq ft by the assessor, room for two lots of at least 1,200 sq ft, each at least 40% of the original.

What we couldn't check (6)

Owner-occupancy: the applicant must sign an affidavit to live in one of the homes for 3 years
Whether the lot was created by an earlier SB 9 split, or the owner split an adjacent lot
Whether a tenant lived there in the last 3 years, or the building was withdrawn from rent under the Ellis Act
Wetlands, habitat, farmland, hazardous waste sites and conservation easements
Historic district or landmark status: we have no historic layer for this area yet.
Locally adopted fire hazard maps, which can be broader than the State's.

Mapped hazards on this lot

Fire hazard severity zone: Not in a State-mapped zone
FEMA flood zone: Zone X: reduced flood risk due to leveeFIRM panel 06067C0190H, effective August 16, 2012. Official flood map
Earthquake fault zone: Not in an Alquist-Priolo Earthquake Fault Zone

Built nearby: within ¼ mile since October 2023

New single-family home10
New duplex / half-plex2
New multifamily / condos / mixed-use2
Accessory dwelling unit (new or conversion)15

See them on the map →

Permit counts, by the date issued (or applied, if not yet issued). Lot splits are planning cases, which we don't have.

We read public zoning and hazard maps against state law (ADUs: Gov. Code 66314; SB 9: Gov. Code 65852.21 and 66411.7). Local rules, title, tenancy history and site conditions can change the answer. Check with City of Sacramento's planning department before relying on it.

Sources: City of Sacramento CDD, Zoning (retrieved Oct 22, 2026) · CAL FIRE Office of the State Fire Marshal, Fire Hazard Severity Zones in the State Responsibility Area (effective 2024-04-01) (retrieved Oct 26, 2026) · CAL FIRE Office of the State Fire Marshal, Fire Hazard Severity Zones in the Local Responsibility Area (map dated 2025-03-24) (retrieved Oct 26, 2026) · FEMA, National Flood Hazard Layer — flood hazard zones (retrieved Oct 26, 2026) · FEMA, National Flood Hazard Layer — FIRM panels (retrieved Oct 26, 2026) · California Geological Survey, Alquist-Priolo Earthquake Fault Zones (retrieved Oct 26, 2026) · Zoning classes: our classification of R-1 as single-family residential, checked against the zone description on Oct 24, 2026

Property & area intelligence timeline

79 events · 12 slow/stalled projects

Chronological history of building permit applications and issuances, snapshot-dated status changes, State housing entitlements, surrounding development within ½ mile, and area home-value trends.

Slow-moving or stalled projects (12)

Active projects spending 12+ months pre-issuance, 24+ months under construction, or 6+ months without new records

Stalled2 new homes at 3875 8th AveIssued
On this parcel
Permit issued and active for 7.1 yr (first record Sep 19, 2019), with no completion or new permit record in 13 mo. · 2 units · $77,143 declared valuation
StalledAccessory dwelling unit at 3916 35th StIssued
0.48 mi SW
Permit issued and active for 2.6 yr (first record Mar 6, 2024), with no completion or new permit record in 21 mo. · 1 unit · $115,256 declared valuation
Stalled8 new homesEntitled
0.31 mi NW
In "Entitled" for 16 mo (since Jun 17, 2025), with no new permit record in 16 mo. · 8 units
StalledAccessory dwelling unit at 3727 5th AveIssued
0.24 mi NW
Permit issued and active for 3.4 yr (first record Jun 14, 2023), with no completion or new permit record in 16 mo. · 3 units · $550,000 declared valuation
StalledAccessory dwelling unit at 3719 5th AveIssued
0.25 mi NW
Permit issued and active for 3 yr (first record Oct 17, 2023), with no completion or new permit record in 16 mo. · 3 units · $550,000 declared valuation
Slow pacemix use buildingIn review
440 ft SW
In "In review" for 21 mo (since Feb 10, 2025), with no new permit record in 11 mo. · 1 unit · $350,000 declared valuation

202615 events

Oct 23, 2026 – Oct 23, 2026Snapshot windowNearby snapshot change
0.47 mi N
Nearby permit (a8e7b005e5607c52509754eb99816a431896d898): First appeared in published agency feed
Detected between snapshots
Source: City of Sacramento CDD, Issued Building Permits (Current Year) · Snapshot diff within ½ mile
Oct 23, 2026 – Oct 23, 2026Snapshot windowNearby snapshot change
0.26 mi SE
Nearby permit (15daee44c9fa39875b87c715e55f947e7f4e5a04): First appeared in published agency feed
Detected between snapshots
Source: City of Sacramento CDD, Issued Building Permits (Current Year) · Snapshot diff within ½ mile
Oct 23, 2026 – Oct 23, 2026Snapshot windowNearby snapshot change
0.14 mi N
Nearby permit (93ca941698ed6c9825d7c534838ad78b0e4f6389): First appeared in published agency feed
Detected between snapshots
Source: City of Sacramento CDD, Issued Building Permits (Current Year) · Snapshot diff within ½ mile
Oct 23, 2026 – Oct 23, 2026Snapshot windowNearby snapshot change
0.48 mi N
Nearby permit (8454f5a6034b435a26c490d202bfbd9efdb00567): First appeared in published agency feed
Detected between snapshots
Source: City of Sacramento CDD, Issued Building Permits (Current Year) · Snapshot diff within ½ mile
Oct 23, 2026 – Oct 23, 2026Snapshot windowNearby snapshot change
0.46 mi N
Nearby permit (6960744a9078e07d53a42dec095308a83247c957): First appeared in published agency feed
Detected between snapshots
Source: City of Sacramento CDD, Issued Building Permits (Current Year) · Snapshot diff within ½ mile
September 2026Market trend
ZIP 95817
ZIP 95817 typical home value: $461,684 (+0.5% year-over-year)
Latest published Zillow Home Value Index (ZHVI) update
Changed from $459,524 in September 2025 to $461,684 in September 2026.
Source: Zillow Home Value Index (ZHVI) · Data provided by Zillow · Geography: ZIP 95817 (not a parcel appraisal)
Sep 15, 2026Nearby project · Applied
0.15 mi W
New home at 3722 Reggae Aly — Applied
3722 Reggae Aly · 1 unit · $266,096 valuation
Source: City of Sacramento CDD, Issued Building Permits (Current Year) & HCD APR (grouped project within ½ mile)
Sep 4, 2026Nearby project · In review
0.13 mi W
Accessory dwelling unit at 3754 Reggae Aly — In review
3754 Reggae Aly · 2 units · $204,618 valuation
Source: City of Sacramento CDD, Issued Building Permits (Current Year) & HCD APR (grouped project within ½ mile)
Aug 28, 2026Nearby project · Issued
0.3 mi SW
Accessory dwelling unit at 3507 10th Ave — Issued
3507 10th Ave · 1 unit · $184,767 valuation
Records span Jul 1, 2026 to Aug 28, 2026 (1 permit).
Source: City of Sacramento CDD, Issued Building Permits (Current Year) & HCD APR (grouped project within ½ mile)
Aug 25, 2026Nearby project · In review
0.32 mi SE
Accessory dwelling unit at 4031 12th Ave — In review
4031 12th Ave · 1 unit · $80,000 valuation
Source: City of Sacramento CDD, Issued Building Permits (Current Year) & HCD APR (grouped project within ½ mile)
Aug 14, 2026Nearby project · Issued
0.48 mi NE
4 Dwellings + attached ADU — Issued
2932 44th St · 5 units · $780,000 valuation
Records span Jun 20, 2025 to Aug 14, 2026 (1 permit).
Source: City of Sacramento CDD, Issued Building Permits (Current Year) & HCD APR (grouped project within ½ mile)
Aug 7, 2026Nearby project · In review
0.3 mi SE
New duplex at 3662 40th St — In review
3662 40th St · 2 units · $473,703 valuation
Records span Nov 6, 2025 to Aug 7, 2026 (1 permit).
Source: City of Sacramento CDD, Issued Building Permits (Current Year) & HCD APR (grouped project within ½ mile)
Jul 15, 2026Nearby project · Issued
0.22 mi NE
New duplex at 4000 Broadway — Issued
4000 Broadway · 2 units · $426,672 valuation
Records span Apr 24, 2026 to Jul 15, 2026 (2 permits).
Source: City of Sacramento CDD, Issued Building Permits (Current Year) & HCD APR (grouped project within ½ mile)
Jul 15, 2026Nearby project · Approved
0.17 mi E
Accessory dwelling unit at 3200 40th St — Approved
3200 40th St · 1 unit · $67,637 valuation
Source: City of Sacramento CDD, Issued Building Permits (Current Year) & HCD APR (grouped project within ½ mile)
Jul 14, 2026Nearby project · Expired / withdrawn
0.26 mi W
New home at 3541 7th Ave — Expired / withdrawn
3541 7th Ave · 1 unit · $275,622 valuation
Records span Oct 6, 2022 to Jul 14, 2026 (6 permits).
Source: City of Sacramento CDD, Issued Building Permits (Current Year) & HCD APR (grouped project within ½ mile)

Showing 15 of 79 timeline events

Recorded sales & deed transfers: California county recorders do not publish open bulk deed-transfer feeds without owner-PII restrictions, so individual sale deeds are not redistributed here. For official assessment roll and recorded transfer history in City of Sacramento, inspect Assessor Parcel Viewer ↗.

Development graph & closer investigation

6 investigation leads

Cross-referenced intelligence from our historical development graph—connecting parcels, permits, entity-resolved builders, empirical review-time distributions, and neighborhood renovation trends.

Explore full City of Sacramento development graph →

Developments deserving closer investigation (6)

On this parcel & within ½ mile

2 new homes at 3875 8th AveIssuedNo new record in 13 mo
On this parcel
Active in "Issued" for 7.1 yr (first record Sep 19, 2019) with no new permit activity recorded in 13 mo.
8 new homesEntitledNo new record in 16 mo8 units
0.31 mi NW
Active in "Entitled" for 16 mo (first record Jun 17, 2025) with no new permit activity recorded in 16 mo. High-impact scale (8 housing units across 0 permits).
Accessory dwelling unit at 3727 5th AveIssuedNo new record in 16 mo
0.24 mi NW
Active in "Issued" for 3.4 yr (first record Jun 14, 2023) with no new permit activity recorded in 16 mo.
Accessory dwelling unit at 3719 5th AveIssuedNo new record in 16 mo
0.25 mi NW
Active in "Issued" for 3 yr (first record Oct 17, 2023) with no new permit activity recorded in 16 mo.
Accessory dwelling unit at 3916 35th StIssuedNo new record in 21 mo
0.48 mi SW
Active in "Issued" for 2.6 yr (first record Mar 6, 2024) with no new permit activity recorded in 21 mo.
3500 Broadway Mixed-UseIssued24 units
0.48 mi NW
High-impact scale (24 housing units, $3,202,531 declared valuation across 8 permits).

Neighborhood renovation & housing momentum: Central Oak Park

Substantial improvements (additions, interior remodels, ADUs, commercial TI, and new builds) across 2,004 parcels

Rank #39 of 102 neighborhoods in acceleration

Last 12m vs prior 12m: 21 vs 27 permits
24m rate per 1,000 parcels: 24.0
5-year substantial permits: 117
Housing additions (24m): 97 units

Ownership & rental scenario calculator

Prop 13 tax estimate & area benchmarks

Area rent & home-value benchmarks (kept separate from your assumptions)

Click any benchmark to pre-fill the calculator

HUD Small Area Fair Market Rent · ZIP 95817

HUD FY 2026 · 40th-percentile gross rent

Census ACS 5-year median gross rent (all bedroom counts combined):

Central Oak Park$1,613±$143

ZIP 95817$1,638±$90

Area home-value benchmarks (not an appraisal)

ZIP & neighborhood medians

Zillow ZHVI · ZIP 95817(as of September 2026)Data provided by Zillow · typical mid-tier home value in ZIP

$461,684

ACS Median Home Value · Central Oak ParkCensus ACS 2020–2024 owner-occupied self-reported median

$428,000±$25,500

ACS Median Home Value · ZIP 95817Census ACS 2020–2024 owner-occupied self-reported median

$538,000±$34,400

1. Purchase, financing & Prop 13 tax reassessment

Purchase price ($)Down payment (%)$96,000Interest rate (%)Loan termClosing costs (%)$9,600

Prop 13 post-purchase property tax estimate

$494/mo ($5,922/yr · 1.23%)

Under California Proposition 13, the seller's historical assessed value does not carry over to a buyer. On sale, the parcel is reassessed at the purchase price: 1.00% base rate ($4,800/yr) + local voter-approved bond debt ($672/yr) + fixed direct levies/Mello-Roos ($450/yr).

Voter bond rate (%)$672/yrDirect levies / Mello-Roos ($/yr)Check Assessor Parcel Viewer ↗

2. Your rent & operating assumptions

Monthly gross rent ($)Your assumptionVacancy allowance (%)−$103/moManagement (%)$156/moMaintenance (%)$103/moCapEx reserve (%)$103/moInsurance ($/mo)$1,980/yrHOA dues ($/mo)Owner utilities ($/mo)

Insurance & hazard context:

This lot is outside mapped CAL FIRE Fire Hazard Severity Zones and FEMA Special Flood Hazard Areas. California insurance costs still vary widely by roof age, electrical panel, and carrier underwriting; obtain a property-specific quote rather than relying on rules of thumb.

3. Scenario results (based on your assumptions)

Net monthly cash flow: −$1,499
Cash-on-cash return: -17.0%
Cap rate (Year 1 NOI): 2.32%
DSCR (NOI / debt): 0.38x
Break-even gross rent: $3,987/mo
Break-even vacancy: 0% (negative at full occ.)

Monthly cash-flow breakdown (Effective gross $1,948 − Operating $1,019 − Debt $2,427)

Gross scheduled rent$2,050

Vacancy allowance (5%)−$103

Effective gross income$1,948

Prop 13 property tax (1.23%)−$494

Property insurance−$165

Management (8%), maintenance (5%) & CapEx (5%)−$361

Net Operating Income (NOI)+$928

Mortgage principal & interest (384,000 loan)−$2,427

Net monthly cash flow−$1,499

4. Sensitivity & rent-stabilization ceiling (City of Sacramento)

Scenario	Assumptions	Year 1 Rent	Year 1 Cash Flow	Cash-on-Cash	Break-Even Rent	Year 5 Cash Flow
Conservative	−8% starting rent, +3% vacancy, +3% combined maintenance/CapEx, 1.5%/yr rent growth	$1,886/mo	−$1,735/mo	-19.7%	$4,307/mo	−$1,706/mo
Base (your inputs)	Your entered assumptions, 3.0%/yr rent growth	$2,050/mo	−$1,499/mo	-17.0%	$3,987/mo	−$1,355/mo
Optimistic (cap-limited)	+6% starting rent, 3% vacancy, 4.5%/yr rent growth (capped by local ordinance ceiling of 8.6%/yr)	$2,173/mo	−$1,364/mo	-15.5%	$3,894/mo	−$1,087/mo

Rental regulatory context (informational only — not legal advice):

California AB 1482 (Tenant Protection Act, Civ. Code § 1947.12) caps annual rent increases at 5% + local CPI (max 10%) on covered properties. In City of Sacramento: Sacramento Tenant Protection Program (City Code Ch. 5.156) — 5% + CPI (8.6% cap effective July 1, 2026) for covered pre-1995 multifamily units. Official program rules ↗

Common statutory exemption signals under AB 1482

Housing issued a certificate of occupancy within the last 15 years (rolling exemption under AB 1482).
Separately alienable single-family homes or condominiums not owned by a corporation, REIT, or LLC with a corporate member (when required statutory notice is in the lease).
Owner-occupied duplexes where the owner occupied one unit from the start of the tenancy.

Development projects on this parcel

2 new homes at 3875 8th Ave
Issued2 unitsSep 19, 2019 – Oct 9, 2025

We group related permits and State housing reports into projects. That grouping is our inference, not an official record.

Permit history on this parcel

4 records

New single-family homeRES-2521172
PERMIT TO COMPLETE WORK FOR EXPIRED RES-1922972 (SHARED PLANS). MAIN DWELLING.
EPC - PERMIT TO COMPLETE WORK FOR EXPIRED RES-1922972 (SHARED PLANS). Construct 1-story (3-bed / 2.5-bath) 1719-sqft SFR w/ 438-sqft attached garage, and 63-sqft porch. Any new landscaping done on this property must be compliant with the City’s Water Efficient Landscape Ordinance 15.92. (60% of original val.) Shared plans reviewed under RES-2521172
EPC - PERMIT TO COMPLETE WORK FOR EXPIRED RES-1922972 (SHARED PLANS). Construct 1-story (3-bed / 2.5-bath) 1719-sqft SFR w/ 438-sqft attached garage, and 63-sqft porch. Any new landscaping done on this property must be compliant with the City’s Water Efficient Landscape Ordinance 15.92. (60% of original val.) Shared plans reviewed under RES-2521172
Applied
Oct 7, 2025
Issued
Oct 9, 2025
Recorded status
Issued as of Oct 1, 2026
Declared valuation
$139,044
New single-family homeRES-2521173
PERMIT TO COMPLETE WORK FOR EXPIRED RES-1922974 (SHARED PLANS). 2ND DWELLING
EPC - PERMIT TO COMPLETE WORK FOR EXPIRED RES-1922974 (SHARED PLANS). - Construct 1-story (2-bed / 2-bath) 894-sqft SFR w/ 350-sqft attached garage, and 95-sqft porch. Any new landscaping done on this property must be compliant with the City’s Water Efficient Landscape Ordinance 15.92. (60% of original val.) Shared plans reviewed under RES-2521172
EPC - PERMIT TO COMPLETE WORK FOR EXPIRED RES-1922974 (SHARED PLANS). - Construct 1-story (2-bed / 2-bath) 894-sqft SFR w/ 350-sqft attached garage, and 95-sqft porch. Any new landscaping done on this property must be compliant with the City’s Water Efficient Landscape Ordinance 15.92. (60% of original val.) Shared plans reviewed under RES-2521172
Applied
Oct 7, 2025
Issued
Oct 8, 2025
Recorded status
Issued as of Oct 1, 2026
Declared valuation
$77,143
New single-family homeRES-1922974
New Secondary Dwelling Unit
EPC - SHARED PLANS w/ RES-1922972 - Construct 1-story (2-bed / 2-bath) 894-sqft SFR w/ 350-sqft attached garage, and 95-sqft porch Any new landscaping done on this property must be compliant with the City’s Water Efficient Landscape Ordinance 15.92.
EPC - SHARED PLANS w/ RES-1922972 - Construct 1-story (2-bed / 2-bath) 894-sqft SFR w/ 350-sqft attached garage, and 95-sqft porch Any new landscaping done on this property must be compliant with the City’s Water Efficient Landscape Ordinance 15.92.
Applied
Nov 22, 2019
Issued
Oct 12, 2021
Recorded status
Expired Permit as of Oct 1, 2026
Declared valuation
$128,571
New single-family homeRES-1922972
New SFR
EPC - SHARED PLANS w/ RES-1922974 - Construct 1-story (3-bed / 2.5-bath) 1719-sqft SFR w/ 438-sqft attached garage, and 63-sqft porch Any new landscaping done on this property must be compliant with the City’s Water Efficient Landscape Ordinance 15.92.
EPC - SHARED PLANS w/ RES-1922974 - Construct 1-story (3-bed / 2.5-bath) 1719-sqft SFR w/ 438-sqft attached garage, and 63-sqft porch Any new landscaping done on this property must be compliant with the City’s Water Efficient Landscape Ordinance 15.92.
Applied
Nov 22, 2019
Issued
Oct 12, 2021
Recorded status
Expired Permit as of Oct 1, 2026
Declared valuation
$231,740

Source: City of Sacramento CDD, Issued Building Permits (Current Year) · Geography: parcel (APN) · Source updated Oct 1, 2026 · Retrieved Oct 22, 2026 · Applied and issued dates come from the city's Applied and Issued permit datasets. The city publishes current status without a date, so status changes are dated by the window between our snapshots.

Housing activity reported to the State

Report year	Project / record	Type	Entitled	Permitted	Completed	Deed-restricted
2019	New Single-Unit Dwelling & Secondary Dwelling Unit(DR19-217)	2 to 4 · Renter	2 (Sep 19, 2019)	—	—	—

Source: California HCD, Housing Element Annual Progress Report — Table A2 · Geography: project (parcel) · Retrieved Oct 26, 2026 · From City of Sacramento's Housing Element Annual Progress Reports. A project can appear in several report years as it moves from entitlement to permit to completion.

Zoning & planning

Zoning: R-1: Single-Unit Dwelling Zone code
2040 General Plan designation: Neighborhood policy

Source: City of Sacramento CDD, Zoning · Geography: zoning district polygon at parcel point · Source updated Oct 10, 2026 · Retrieved Oct 22, 2026

Parcel facts

Lot size: 13,504 sq ft
Tax rate area: 03002
Assessor land use: Residential · Single Family · Subdivision
Addresses on parcel: 2

Source: Sacramento County GIS, Parcels · Geography: parcel · Source updated Oct 25, 2026 · Retrieved Oct 25, 2026

Official records

Assessor Parcel Viewer
Assessed values and limited building characteristics (Sacramento County Assessor)
Assessed value lookup
Current roll value. This is assessed value, not market value.
Property tax bill
Search by parcel number 014-0174-003-0000. Shows direct levies and special assessments.
City permit portal (Accela)
Search the city's permit system by address or record number
FEMA Flood Map Service Center
The official flood hazard map for this location. Our reading of it is under What could be built here.

This site does not show owner names.

Scenario

Assumptions

Year 1 Rent

Year 1 Cash Flow

Cash-on-Cash

Break-Even Rent

Year 5 Cash Flow

Conservative

−8% starting rent, +3% vacancy, +3% combined maintenance/CapEx, 1.5%/yr rent growth

$1,886/mo

−$1,735/mo

-19.7%

$4,307/mo

−$1,706/mo

Base (your inputs)

Your entered assumptions, 3.0%/yr rent growth

$2,050/mo

−$1,499/mo

-17.0%

$3,987/mo

−$1,355/mo

Optimistic (cap-limited)

+6% starting rent, 3% vacancy, 4.5%/yr rent growth (capped by local ordinance ceiling of 8.6%/yr)

$2,173/mo

−$1,364/mo

-15.5%

$3,894/mo

−$1,087/mo

Report year

Project / record

Type

Entitled

Permitted

Completed

Deed-restricted

2019

New Single-Unit Dwelling & Secondary Dwelling Unit(DR19-217)

2 to 4 · Renter

2 (Sep 19, 2019)

—