Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

340 Heavenly Pl Martinez, CA 94553

3 Beds 2 Baths 1,442 sqft Built 1974

$725,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
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!

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
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

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

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

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
$0
1$02$2,6953$2,8004$3,2005$3,250
$3,250
RENT COMPS ANALYSIS
  • 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
Michele Demartini
Keller Williams Realty
BESbswy