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1950 Redwood Dr Martinez, CA 94553

3 Beds 2 Baths 1,391 sqft Built 1970

$665,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $478.07
  • 3 Days on Market
  • MLS # : CC40929305
  • Updated Date : 11/13/2020 at 21:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,391 sqft
  • Baths : 2 full
Listing Agent

Windermere Diablo Realty

Listing Agent's Description

Call this nicely updated 3 bedroom, 2 bath home yours before the holidays. Enjoy the freshly painted interior that brightens each room, the soft new carpet throughout, the reglazed countertops in the kitchen, the completely updated hallway bathroom, new master bathroom vanity, freshly painted exterior trim, and gorgeous exterior landscaping. Make the backyard your oasis while enjoying the fruit trees. This is truly a must see!

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
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
 

$598,500$731,500$665,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$2,454
Property Tax -$737
Property Insurance -$61
Property Management Fees -$149
CASH FLOW
-$670

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.

$665,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.41%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$181,975

INVESTMENT

$181,975

Down Payment
$166,250
Rehab Estimate
$5,750
Closing Costs
$9,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,454

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $166,250
Loan Amount $498,750
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$10,399

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $1.96

    LIST RENT PER SQFT
  • $2,761

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,730
1$2,7302$2,8003$2,8004$2,9005$3,100
$3,100
RENT COMPS ANALYSIS
  • 1950 Redwood Dr Martinez, CA 1
    • 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $1.96
    •  
  • 4867 Starflower Dr Martinez, CA 2
    • 3 beds 3 baths ∙ 1,515 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,515 Sqft ∙ Built 1984
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.85
    •  
  • 246 Pebblecreek Ct Martinez, CA 3
    • 3 beds 3 baths ∙ 1,382 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,382 Sqft ∙ Built 1989
    property image
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.03
    •  
  • 2010 Olympic Dr Martinez, CA 4
    • 4 beds 2 baths ∙ 1,523 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,523 Sqft ∙ Built 1965
    property image
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.90
    •  
  • 366 Scarlet Oak Ct Pleasant Hill, CA 5
    • 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1981
    property image
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.16
    •  
PROPERTY LISTING DETAILS
Carol Nassar
Windermere Diablo Realty
BESbswy