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2306 Yale St Martinez, CA 94553

3 Beds 2 Baths 1,700 sqft Built 1941

$549,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1941
  • Price/Sqft : $322.94
  • 2 Days on Market
  • MLS # : CC40927893
  • Updated Date : 11/07/2020 at 10:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,700 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Welcome to this beautifully updated, single story, 3 bedroom, 2 bathroom home at 1,700 SF +/-. Your new home features beautiful hardwood floors, recessed lighting, granite counters, and a sizable backyard deck for taking in the surrounding views, entertaining, or relaxing. Your new home is further highlighted by two newly finished rooms in the basement, which can be used as a game room, Zoom room, wine tasting room, Yoga/exercise studio, "Man Cave," or much more. Last, your new home is ideally located near Downtown Martinez, provides ease of access to Hwy 4, and all of life's amenities. Welcome home!

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
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,026
Property Tax -$610
Property Insurance -$68
Property Management Fees -$149
CASH FLOW
-$33

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.

$549,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.51%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$57,124

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
  • $3,018

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9953$3,200
$3,200
RENT COMPS ANALYSIS
  • 2306 Yale St Martinez, CA 1
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1941 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1941
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3500 Estudillo St Martinez, CA 2
    • 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 1950
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.54
    •  
  • 5430 Likins Ave Martinez, CA 3
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1956
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.01
    •  
PROPERTY LISTING DETAILS
Ed Massey
Compass
BESbswy