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316 Macalvey Dr Martinez, CA 94553

4 Beds 3 Baths 2,408 sqft Built 1986

$989,950

List Price

$3,640

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $411.11
  • 3 Days on Market
  • MLS # : CC40933265
  • Updated Date : 01/09/2021 at 08:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,408 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Move-in ready! Light, bright and open floor plan with vaulted ceilings in living/dining area and master suite. 1 bedroom and bath downstairs, great for visiting guests. Kitchen w/gas cooktop and brand new stainless steel vent, brand new, never been used stainless steel GE oven/microwave combo. Recessed lighting in kitchen and new light fixtures. Plantation shutters. New carpets installed 1/5/20. Freshly painted throughout. Newly finished front and backyard landscaping. New HVAC in 2017. Come see this property soon as the last 3 homes in this neighborhood sold in 4 days or less! Highly desirable neighborhood borders Pleasant Hill and feeds into Pleasant Hill Schools -- Valhalla, Valley View & College Park (buyer to verify).

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hidden Valley

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $235k1078k

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

Neighborhood: Hidden Valley

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800Rent in $16243863

* 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
Valhalla Elementary School Primary Regular 542 21 9
Valley View Middle School Middle Regular 835 38 6
College Park High School High Regular 2,022 81 9

Valhalla Elementary School

  • Education Level: Primary
  • # of students: 542
  • # of teachers: 21
9
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
 

$890,955$1,088,945$989,950

PURCHASE PRICE

$3,276$4,004$3,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,640
EXPENSES Loan Payment -$3,438
Property Tax -$1,092
Property Insurance -$85
Property Management Fees -$178
CASH FLOW
-$1,154

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.

$989,950

PROJECTED PRICE

$3,640

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$268,087

INVESTMENT

$268,087

Down Payment
$247,488
Rehab Estimate
$5,750
Closing Costs
$14,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,438

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $247,488
Loan Amount $742,463
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$3,579

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
  • $3,997

    COMP ESTIMATED VALUE
  • $1.66

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8003$3,8004$4,000
$4,000
RENT COMPS ANALYSIS
  • 316 Macalvey Dr Martinez, CA 1
    • 4 beds 3 baths ∙ 2,408 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,408 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 504 Isabel Dr Martinez, CA 2
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 1986
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.71
    •  
  • 24 Capri Ln Pleasant Hill, CA 3
    • 3 beds 3 baths ∙ 2,253 Sqft ∙ Built 1968 3 beds 3 baths ∙ 2,253 Sqft ∙ Built 1968
    property image
    LEASED 12/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.69
    •  
  • 26 Oak Gate Pl Pleasant Hill, CA 4
    • 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2002
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.58
    •  
PROPERTY LISTING DETAILS
Sandra Fortayon
Keller Williams Realty
BESbswy