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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $502.77
- 4 Days on Market
- MLS # : CC40933500
- Updated Date : 01/09/2021 at 11:54
CONSTRUCTION
- Beds : 3
- Floor Size : 1,442 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
This wonderful single-story home is located at the back end of an amazing Court in one of Martinez's most desirable neighborhoods. Upon entering, you will immediately notice the newer carpet, beautiful hardwood floors and the fresh designer paint colors. The darling kitchen and dining area open to the spacious family room that has a gorgeous wood-beamed ceiling and cozy fireplace. Off of the family room, you will find the sunroom that is the perfect extra space for a playroom or office. All three bedrooms have newer carpet, and the inside laundry is so convenient. The large backyard has a sparkling pool with new pool cover, and the spacious side yard is perfect for your boat or larger toys. Minutes from shopping, freeway access and Morello Park Elementary school. This home is beautiful and will not last!
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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 | $2,730 |
| EXPENSES | Loan Payment | -$2,518 |
| Property Tax | -$805 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$149 | |
|
CASH FLOW
-$804
|
||
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.
$725,000
PROJECTED PRICE
$2,730
PROJECTED RENT
0.38%
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
$197,875
LOAN DETAILS
$2,518
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $181,250 |
| Loan Amount | $543,750 |
1.33
YEARS SAVED
$4,851
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
-
$2,967
COMP ESTIMATED VALUE -
$2.06
COMP AVG. RENT PER SQFT
Comps Range
-
340 Heavenly Pl Martinez, CA 1
- 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1974
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
246 Pebblecreek Ct Martinez, CA 2
- 3 beds 3 baths ∙ 1,382 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,382 Sqft ∙ Built 1989
![property image]()
LEASED 12/11/20- Rent
- Rent Per SQFT
- $2,695
- $1.95
-
4867 Starflower Dr Martinez, CA 3
- 3 beds 3 baths ∙ 1,515 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,515 Sqft ∙ Built 1984
![property image]()
LEASED 05/26/20- Rent
- Rent Per SQFT
- $2,800
- $1.85
-
2128 Elderwood Dr Martinez, CA 4
- 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1965
![property image]()
LEASED 12/13/20- Rent
- Rent Per SQFT
- $3,200
- $2.13
-
Morello Heights Cir Martinez, CA 5
- 4 beds 2 baths ∙ 1,416 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,416 Sqft ∙ Built 1978
![property image]()
LEASED 04/20/20- Rent
- Rent Per SQFT
- $3,250
- $2.30
PROPERTY LISTING DETAILS
Keller Williams Realty
