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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $441.66
- 4 Days on Market
- MLS # : CC40933315
- Updated Date : 01/09/2021 at 09:47
CONSTRUCTION
- Beds : 4
- Floor Size : 1,877 sqft
- Baths : 3 full
Listing Agent
Compass
Listing Agent's Description
Wonderful 4 bed, 3 full bath home on a large lot in this stellar Martinez neighborhood. Light, bright, and spacious with vaulted ceilings this home also has new vinyl flooring, has been recently painted throughout making this very fresh and inviting! The open kitchen and family room is a cozy area. The park like backyard has a large grass area, mature trees and patio. The side yards provide plenty of space for boat and/or RV parking. One bedroom and full bath is perfect downstairs for your office or guest room. The spacious inside laundry complete the downstairs. Upstairs you will find two generous bedrooms and a remodeled hall bath. Additionally, the Master Suite offers two large closets, gorgeous bathroom with large updated vanity and tub/shower combo. This home has dual pane windows, recessed lighting in kitchen, and new lighting in the dining room and foyer. Close to parks, schools, shopping, restaurants and freeways. Zoned for Martinez Unified School District
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PRICE & RENT TRENDS
Zip Code: 94553
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 94553
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,310 |
| EXPENSES | Loan Payment | -$2,879 |
| Property Tax | -$921 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$162 | |
|
CASH FLOW
-$725
|
||
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.
$829,000
PROJECTED PRICE
$3,310
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$225,435
LOAN DETAILS
$2,879
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $207,250 |
| Loan Amount | $621,750 |
2.25
YEARS SAVED
$12,713
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,310
LIST RENT -
$1.76
LIST RENT PER SQFT
-
$3,447
COMP ESTIMATED VALUE -
$1.84
COMP AVG. RENT PER SQFT
Comps Range
-
324 Sunnyslopes Dr Martinez, CA 3
- 4 beds 3 baths ∙ 1,877 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,877 Sqft ∙ Built 1974
![property image]()
- Rent
- Rent Per SQFT
- $3,310
- $1.76
-
4880 Shadowfalls Martinez, CA 1
- 4 beds 3 baths ∙ 1,775 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,775 Sqft ∙ Built 1988
![property image]()
LEASED 12/04/19- Rent
- Rent Per SQFT
- $3,150
- $1.77
-
283 Holiday Hills Dr Martinez, CA 2
- 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1977
![property image]()
LEASED 08/12/20- Rent
- Rent Per SQFT
- $3,200
- $1.88
-
111 Alhambra Hills Dr Martinez, CA 4
- 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 1977
![property image]()
LEASED 02/19/20- Rent
- Rent Per SQFT
- $3,400
- $1.86
PROPERTY LISTING DETAILS
Compass
