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15 Emshee Ln Martinez, CA 94553

4 Beds 3 Baths 2,661 sqft Built 2006

INVESTimate

$829,000

List Price

$3,710

$3,460 - $3,960

Rent Est.

$903,278  ( +8.96%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $311.54
  • 2 Days on Market
  • MLS # : CC40917283
  • Updated Date : 08/25/2020 at 11:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,661 sqft
  • Baths : 2 full , 1 half
Listing Agent

Paradise West Real Estate

Listing Agent's Description

Gorgeous home on secluded Lane in Martinez with easy fwy access (4/680). Feels remote but still close to everything. Large home with open floorplan. Beautiful kitchen with newer appliances, island & walk in pantry. Huge master with soaking tub, large shower and dual sink vanity. Spacious upstairs laundry w/granite counters. Owned solar (NEM1!). Smart lighting & sprinklers. Private backyard with mature landscape and trees including avocado, lemon & plum. Fire pit area for relaxation along with hot tub enclosed by a gazebo. Third bay of garage has been converted to man cave/workshop. Level 2 EV charger (J1772) in garage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vine Hill

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $201k1015k

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

Neighborhood: Vine Hill

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14063193

* 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
Las Juntas Elementary School Primary Regular 427 17 3
Martinez Junior High School Middle Regular 978 40 6
Alhambra Senior High School High Regular 1,181 58 7

Las Juntas Elementary School

  • Education Level: Primary
  • # of students: 427
  • # of teachers: 17
3
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
 

$746,100$911,900$829,000

PURCHASE PRICE

$3,339$4,081$3,710

RENT

DOWN PAYMENT
FINANCING

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,710
EXPENSES Loan Payment -$3,059
Property Tax -$918
Property Insurance -$91
Property Management Fees -$182
CASH FLOW
-$540

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.

$829,000

PROJECTED PRICE

$3,710

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.96%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$225,435

INVESTMENT

$225,435

Down Payment
$207,250
Rehab Estimate
$5,750
Closing Costs
$12,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $207,250
Loan Amount $621,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$31,925

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
  • $4,071

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,2503$4,250
$4,250
RENT COMPS ANALYSIS
  • 15 Emshee Ln Martinez, 1
    • 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1911 La Veranda Pl Martinez, 2
    • 5 beds 3 baths ∙ 2,633 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,633 Sqft ∙ Built 2014
    LEASED 03/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.61
    •  
  • 1900 La Veranda Pl Martinez, 3
    • 5 beds 3 baths ∙ 2,921 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,921 Sqft ∙ Built 2013
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.45
    •  
PROPERTY LISTING DETAILS
Shari Richardson
Paradise West Real Estate
BESbswy