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324 Sunnyslopes Dr Martinez, CA 94553

4 Beds 3 Baths 1,877 sqft Built 1974

$829,000

List Price

$3,310

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
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

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
 

$746,100$911,900$829,000

PURCHASE PRICE

$2,979$3,641$3,310

RENT

DOWN PAYMENT
FINANCING

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

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$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$225,435

INVESTMENT

$225,435

Down Payment
$207,250
Rehab Estimate
$5,750
Closing Costs
$12,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,879

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $207,250
Loan Amount $621,750
See What Happens When You Reinvest Cash Flow

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
$3,150
1$3,1502$3,2003$3,3104$3,400
$3,400
RENT COMPS ANALYSIS
  • 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
Julie Whitmer
Compass
BESbswy