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232 Riverwood Circle Martinez, CA 94553

3 Beds 2 Baths 1,293 sqft Built 1980

$675,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $522.04
  • 3 Days on Market
  • MLS # : EB40929400
  • Updated Date : 11/27/2020 at 14:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,293 sqft
  • Baths : 2 full
Listing Agent

Warren Properties & Associates

Listing Agent's Description

Charming single story is now up for grabs in the desirable Village Oaks neighborhood! This home features three bedrooms and two baths. The living room is especially cozy thanks to the fireplace. An additional living area is located just off the kitchen, next to the dining room. From there, you have a sweet outdoor space that can be used for anything! Small garden, eating area, maybe even a hammock for a relaxing afternoon nap. Out back you will find a lovely landscaped yard, with low maintenance artificial grass & well maintained tree for shade. This home is also part of an HOA w/amenities such as a pool for those hot CA summers & newer tennis courts. Conveniently located close to HWY4, parks & shopping. Look no more... Welcome Home! Video Tour Here: https://youtu.be/pSy_0w7d_so

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
Morello Park Elementary School Primary Regular 530 20 9
Martinez Junior High School Middle Regular 978 40 6
Alhambra Senior High School High Regular 1,181 58 7

Morello Park Elementary School

  • Education Level: Primary
  • # of students: 530
  • # of teachers: 20
9
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
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,490
Property Tax -$750
Property Insurance -$58
HOA -$55
Property Management Fees -$149
CASH FLOW
-$762

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.

$675,000

PROJECTED PRICE

$2,740

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-$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$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,570

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
  • $2,777

    COMP ESTIMATED VALUE
  • $2.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,8004$3,1005$3,250
$3,250
RENT COMPS ANALYSIS
  • 232 Riverwood Circle Martinez, CA 1
    • 3 beds 2 baths ∙ 1,293 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,293 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 979 Argenta Dr Martinez, CA 2
    • 3 beds 1 baths ∙ 1,026 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,026 Sqft ∙ Built 1960
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $2.19
    •  
  • 246 Pebblecreek Ct Martinez, CA 3
    • 3 beds 3 baths ∙ 1,382 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,382 Sqft ∙ Built 1989
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.03
    •  
  • 124 Elderwood Drive Pleasant Hill, CA 4
    • 4 beds 3 baths ∙ 1,496 Sqft ∙ Built 1967 4 beds 3 baths ∙ 1,496 Sqft ∙ Built 1967
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.07
    •  
  • Morello Heights Cir Martinez, CA 5
    • 4 beds 2 baths ∙ 1,416 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,416 Sqft ∙ Built 1978
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.30
    •  
PROPERTY LISTING DETAILS
Nicole Rojas
Warren Properties & Associates
BESbswy