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319 Kingston Ave Martinez, CA 94553

4 Beds 2 Baths 1,407 sqft Built 1962

$650,000

List Price

$3,080

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $461.98
  • 3 Days on Market
  • MLS # : CC40928279
  • Updated Date : 11/06/2020 at 09:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,407 sqft
  • Baths : 2 full
Listing Agent

Classic Real Estate Sales

Listing Agent's Description

Wonderful opportunity for a newly renovated home in a super-desirable location! . Single level living with 4 Bedrooms and 2 full Bathrooms . 1407 sq. ft. living space and .20 acre lot with excellent privacy . Bright, open and spacious living room with views of mature trees . Cozy family room next to kitchen with woodstove and easy access to patio . Master suite with attached bath. New flooring in all four bedrooms. . All baths completely and beautifully remodeled . Freshly painted inside and out . Windows replaced throughout with dual panes; roof is only two years old . Patio out back for entertaining/relaxing, easy care yard or design your own garden! . Minutes to shopping, freeway access and downtown Martinez. . Easy walking distance to John Muir Elementary School Move-in ready and waiting for a new buyer!

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
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$2,398
Property Tax -$722
Property Insurance -$61
Property Management Fees -$151
CASH FLOW
-$253

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.

$650,000

PROJECTED PRICE

$3,080

PROJECTED RENT

0.47%

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

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$41,261

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,080

    LIST RENT
  • $2.19

    LIST RENT PER SQFT
  • $3,255

    COMP ESTIMATED VALUE
  • $2.31

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,8503$3,0804$3,250
$3,250
RENT COMPS ANALYSIS
  • 319 Kingston Ave Martinez, CA 3
    • 4 beds 2 baths ∙ 1,407 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,407 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $3,080
    • $2.19
    •  
  • 313 Freda Ct Martinez, CA 1
    • 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 2
    • 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
    •  
  • Morello Heights Cir Martinez, CA 4
    • 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
Simone St. Clare
Classic Real Estate Sales
BESbswy