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1905 Nicolette Ct Martinez, CA 94553

3 Beds 2 Baths 1,332 sqft Built 1956

$799,000

List Price

$3,010

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $599.85
  • 2 Days on Market
  • MLS # : BE40928454
  • Updated Date : 11/07/2020 at 15:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,332 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Opportunity knocks to purchase one of the largest lots in La Salle Heights! Situated on a court location sets a charming ranch style home on a flat .73 acre lot. Beyond the quaint curb appeal is an unexpected backyard oasis with ultimate space for the imagination. Perfect Entertainer's yard flourishes of nature, privacy, fruit trees, mature trees, garden/grass area, firepit, storage shed, deck patio and pergola with lights and ceiling fan. Possibilities are ENDLESS with this unique piece of land! Perhaps...room for pool, detached guest house, sports court, bocce ball, or even build out from the main house! This single story home bestows contemporary upgrades throughout including newer paint, remodeled master bath, baseboards and modern hardware/light fixtures. Kitchen features custom cabinetry with space galore, 2 sinks, stainless steel appliances and gas range stove. Such a rare gem to market in a highly desired neighborhood just a short walking distance to schools and Downtown.

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
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,709$3,311$3,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,010
EXPENSES Loan Payment -$2,948
Property Tax -$896
Property Insurance -$59
Property Management Fees -$149
CASH FLOW
-$1,042

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.

$799,000

PROJECTED PRICE

$3,010

PROJECTED RENT

0.38%

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$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,883

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
  • $3,277

    COMP ESTIMATED VALUE
  • $2.46

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$2,850
$2,850
RENT COMPS ANALYSIS
  • 1905 Nicolette Ct Martinez, CA 1
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1956
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 313 Freda Ct Martinez, CA 2
    • 3 beds 2 baths ∙ 1,110 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,110 Sqft ∙ Built 1959
    property image
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.39
    •  
  • 1025 Oak St Martinez, CA 3
    • 3 beds 2 baths ∙ 1,128 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,128 Sqft ∙ Built 1968
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.53
    •  
PROPERTY LISTING DETAILS
Camille Ahern
Coldwell Banker Realty
BESbswy