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1484 Hull Ln Martinez, CA 94553

3 Beds 2 Baths 1,769 sqft Built 1981

$799,900

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $452.18
  • 6 Days on Market
  • MLS # : CC40931403
  • Updated Date : 12/11/2020 at 11:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,769 sqft
  • Baths : 2 full
Listing Agent

Better Homes Realty

Listing Agent's Description

This beautiful ranch Tudor style home in peaceful surroundings on a pie shaped lot is located at the end of a quiet cul-de-sac. Great Lot! Features a large patio and expansive lawns. No Rear Neighbors. Many updates have been completed to prepare home for sale. All New LVP (luxury vinyl plank) floors throughout and new neutral carpeting in the bedrooms, living room & formal dining space. New completely remodeled Hall Bathroom. The kitchen has New Quartz Countertops and Updated lighting. As well as Freshly painted kitchen cabinets in a contemporary color. Formal and Informal dining spaces are a bonus. Painted inside and out.

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
Morello Park Elementary School Primary Regular 530 20 9
Martinez Junior High School Middle Regular 978 40 6
Alhambra Senior High School High Regular 1,181 58 7

Morello Park Elementary School

  • Education Level: Primary
  • # of students: 530
  • # of teachers: 20
9
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
 

$719,910$879,890$799,900

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$2,951
Property Tax -$888
Property Insurance -$70
Property Management Fees -$149
CASH FLOW
-$1,098

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.

$799,900

PROJECTED PRICE

$2,960

PROJECTED RENT

0.37%

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

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$217,724

INVESTMENT

$217,724

Down Payment
$199,975
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,951

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,975
Loan Amount $599,925
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,716

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
  • $3,259

    COMP ESTIMATED VALUE
  • $1.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,1504$3,4005$3,700
$3,700
RENT COMPS ANALYSIS
  • 1484 Hull Ln Martinez, CA 1
    • 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2010 Olympic Dr Martinez, CA 2
    • 4 beds 2 baths ∙ 1,523 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,523 Sqft ∙ Built 1965
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.90
    •  
  • 4880 Shadowfalls Martinez, CA 3
    • 4 beds 3 baths ∙ 1,775 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,775 Sqft ∙ Built 1988
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.77
    •  
  • 111 Alhambra Hills Dr Martinez, CA 4
    • 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 1977
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.86
    •  
  • Augustine Drive Martinez, CA 5
    • 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 1988
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.84
    •  
PROPERTY LISTING DETAILS
Tim Steffen
Better Homes Realty
BESbswy