Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2331 Orange St Martinez, CA 94553

3 Beds 3 Baths 1,408 sqft Built 1947

$549,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1947
  • Price/Sqft : $389.91
  • 3 Days on Market
  • MLS # : CC40928410
  • Updated Date : 11/06/2020 at 18:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,408 sqft
  • Baths : 3 full
Listing Agent

Dudum Real Estate Group

Listing Agent's Description

Adorable and charming home throughout. This home is ready to move in with freshly painted interior and exterior. The upstairs main level features a bright and cozy living room with direct access to a private covered deck. Entirely remodeled kitchen with new cabinets with soft closing drawers and doors, granite stone counters and stainless steel appliances and separate dining room, two bedroom and two full baths. master suite offers access to the rear yard, deck and dedicated laundry room. The lower level has separate entrance with enclosed patio. Warm and inviting living room with plush new carpet and cozy electric fireplace. Bedroom suite with remodeled full bath and kitchen with gas range. Ideal second living quarters. Grass side yard and backyard patio for outdoor enjoyment and planters for herbs and vegetables. Close proximity to downtown, shops, dining and much more... A Must See!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain View

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $184k1015k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Mountain View

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $12793193

* 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
 

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

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$2,026
Property Tax -$625
Property Insurance -$61
Property Management Fees -$149
CASH FLOW
$29

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

$2,890

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
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$0.0$5.0k$10k$15k$20k$25k$30k

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$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

7.67

YEARS SAVED

$63,900

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
  • $3,267

    COMP ESTIMATED VALUE
  • $2.32

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$2,850
$2,850
RENT COMPS ANALYSIS
  • 2331 Orange St Martinez, CA 1
    • 3 beds 3 baths ∙ 1,408 Sqft ∙ Built 1947 3 beds 3 baths ∙ 1,408 Sqft ∙ Built 1947
    • 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
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.39
    •  
  • 5149 Smith Dr Martinez, CA 3
    • 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 1956
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.25
    •  
PROPERTY LISTING DETAILS
Joe Dajani
Dudum Real Estate Group
BESbswy