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104 Krause Ter Martinez, CA 94553

4 Beds 3 Baths 2,435 sqft Built 2002

$839,900

List Price

$3,570

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $344.93
  • 6 Days on Market
  • MLS # : CC40927367
  • Updated Date : 10/30/2020 at 15:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,435 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Beautiful hidden contemporary gem! This solar home features 4 bedrooms and 2.5 bathrooms in 2435 square feet of living space. Featuring designer paint and finishes, white cabinetry, surround sound, fireplace, hardwood flooring through-out, spacious master suite with two closets, fresh exterior paint, and landscaping. The backyard is perfect for entertaining while relaxing in the spa and enjoying the custom outdoor lighting. Excellent location with close proximity to Hidden Valley Park, elementary school, shopping, restaurants, freeways, and more. This property is truly not to be missed.

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PRICE & RENT TRENDS

Zip Code: 94553

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $233k1015k

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

Zip Code: 94553

ZipNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000Rent in $16243193

* 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
Hidden Valley Elementary School Primary Regular 806 30 6
Valley View Middle School Middle Regular 835 38 6
College Park High School High Regular 2,022 81 9

Hidden Valley Elementary School

  • Education Level: Primary
  • # of students: 806
  • # of teachers: 30
6
GreatSchools Rating

Valley View Middle School

  • Education Level: Middle
  • # of students: 835
  • # of teachers: 38
6
GreatSchools Rating

College Park High School

  • Education Level: High
  • # of students: 2,022
  • # of teachers: 81
9
GreatSchools Rating
 

$755,910$923,890$839,900

PURCHASE PRICE

$3,213$3,927$3,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,570
EXPENSES Loan Payment -$3,099
Property Tax -$926
Property Insurance -$86
HOA -$154
Property Management Fees -$175
CASH FLOW
-$870

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.

$839,900

PROJECTED PRICE

$3,570

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$228,324

INVESTMENT

$228,324

Down Payment
$209,975
Rehab Estimate
$5,750
Closing Costs
$12,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $209,975
Loan Amount $629,925
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$10,654

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,570

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $3,677

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,570
$3,570
RENT COMPS ANALYSIS
  • 104 Krause Ter Martinez, CA 2
    • 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,570
    • $1.47
    •  
  • 308 Northpark Ct Martinez, CA 1
    • 3 beds 4 baths ∙ 2,152 Sqft ∙ Built 2014 3 beds 4 baths ∙ 2,152 Sqft ∙ Built 2014
    property image
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.51
    •  
PROPERTY LISTING DETAILS
Jason Bleier
Compass
BESbswy