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208 Northpark Ct Martinez, CA 94553

3 Beds 3 Baths 1,581 sqft Built 2015

$685,888

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $433.83
  • 2 Days on Market
  • MLS # : CC40927825
  • Updated Date : 11/02/2020 at 14:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,581 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realtyworld Premier Properties

Listing Agent's Description

Immaculate 2 Story 3 Bedroom Detached Designer Home. The Home was built in 2015 and has all modern amenities and multiple builder upgrades installed. Such as a larger front patio, crown molding, granite countertops, and so many more. The property does have a indoor laundry room with a gas dryer and washer and a tankless water heater upgrade. The Kitchen features granite countertops, new refrigerator, gas stove/oven, microwave, garbage disposal, and dishwasher. The numerous cabinets have under lighting and the counters have a glass tile back splash. The House is close to shopping, hospitals and medical offices, and freeway access. A short drive to downtown Martinez, and a short walk to Mountain View Park. Be sure to call us at 925.827.9000 or your agent to see this lovely property.

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
 

$617,299$754,477$685,888

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,531
Property Tax -$762
Property Insurance -$65
HOA -$203
Property Management Fees -$149
CASH FLOW
-$760

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.

$685,888

PROJECTED PRICE

$2,950

PROJECTED RENT

0.43%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$187,510

INVESTMENT

$187,510

Down Payment
$171,472
Rehab Estimate
$5,750
Closing Costs
$10,288

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $171,472
Loan Amount $514,416
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,523

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
  • $3,004

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$2,950
$2,950
RENT COMPS ANALYSIS
  • 208 Northpark Ct Martinez, CA 1
    • 3 beds 3 baths ∙ 1,581 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,581 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 800 Little Valley Rd Martinez, CA 2
    • 3 beds 3 baths ∙ 1,516 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,516 Sqft ∙ Built 2008
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.85
    •  
  • 578 Falling Star Dr Martinez, CA 3
    • 3 beds 3 baths ∙ 1,516 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,516 Sqft ∙ Built 2012
    LEASED 06/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.95
    •  
PROPERTY LISTING DETAILS
Harvey Hochhauser
Realtyworld Premier Properties
BESbswy