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1160 Arlington Way Martinez, CA 94553

3 Beds 3 Baths 1,414 sqft Built 1994

$699,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $494.34
  • 5 Days on Market
  • MLS # : BE40927476
  • Updated Date : 10/30/2020 at 14:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,414 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin

Listing Agent's Description

Don't miss this opportunity to own this charming home perched in highly sought after Pill Hill neighborhood of Martinez offering beautiful water views! The exterior has endless curb appeal, off street parking and a fenced in front yard. Step into the lovely home and you're immediately drawn to the dramatic living space with vaulted ceilings, sky lights, � bathroom and nice sized deck with amazing views. The main level is planked with beautiful hardwood and brand new carpeting throughout the downstairs. The kitchen has been completely updated with wood cabinetry, granite counter tops, stainless appliances and custom tile backsplash and the amazing views. A Laundry closet is conveniently tucked away in this space and a nice sized dining area too. Head down stairs to your three bedrooms and two tastefully updated bathrooms. The access to your huge back yard is on this lower level and what a backyard it is. Large deck, terraced yard and views, views and more views. This home won't last!

SEE MORE

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
John Muir Elementary School Primary Regular 434 17 7
Martinez Junior High School Middle Regular 978 40 6
Alhambra Senior High School High Regular 1,181 58 7

John Muir Elementary School

  • Education Level: Primary
  • # of students: 434
  • # of teachers: 17
7
GreatSchools Rating

Martinez Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 40
6
GreatSchools Rating

Alhambra Senior High School

  • Education Level: High
  • # of students: 1,181
  • # of teachers: 58
7
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$2,579
Property Tax -$784
Property Insurance -$61
Property Management Fees -$149
CASH FLOW
-$1,463

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.

$699,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.30%

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

PROJECTED ANNUAL CASH FLOW

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

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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$22

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $1,626

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$2,1103$3,250
$3,250
RENT COMPS ANALYSIS
  • 1160 Arlington Way Martinez, CA 2
    • 3 beds 3 baths ∙ 1,414 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,414 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.49
    •  
  • Parkway Dr Martinez, CA 1
    • 3 beds 3 baths ∙ 1,490 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,490 Sqft ∙ Built 1994
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.17
    •  
  • Morello Heights Cir Martinez, CA 3
    • 4 beds 2 baths ∙ 1,416 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,416 Sqft ∙ Built 1978
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.30
    •  
PROPERTY LISTING DETAILS
Brionna Chang
Redfin
BESbswy