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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $432.70
- 3 Days on Market
- MLS # : CC40931079
- Updated Date : 12/04/2020 at 12:28
CONSTRUCTION
- Beds : 3
- Floor Size : 1,731 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Nestled in the beautiful community of Westair Manor, this 3 bedroom, 2.5 bath home is move-in ready! With large windows and vaulted ceilings, the space is light and bright! The open kitchen has been updated with granite countertops, stainless steel appliances and leads into the living room, making it perfect for entertaining! The master suite has its own wing of the home, creating the perfect sanctuary. The backyard is low-maintenance, offers plenty of privacy and is the perfect spot for a BBQ with friends & family. New roof was installed in 2019, in addition to a new A/C unit, which was replaced in 2020. This sought-after neighborhood is within close proximity to parks, freeways and downtown Martinez.
SEE MORE
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 | $2,980 |
| EXPENSES | Loan Payment | -$2,763 |
| Property Tax | -$832 | |
| Property Insurance | -$69 | |
| HOA | -$135 | |
| Property Management Fees | -$149 | |
|
CASH FLOW
-$969
|
||
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.
$749,000
PROJECTED PRICE
$2,980
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
$204,235
LOAN DETAILS
$2,763
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $187,250 |
| Loan Amount | $561,750 |
0.67
YEARS SAVED
$2,751
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,980
LIST RENT -
$1.72
LIST RENT PER SQFT
-
$3,012
COMP ESTIMATED VALUE -
$1.74
COMP AVG. RENT PER SQFT
Comps Range
-
403 Trailhead Way Martinez, CA 2
- 3 beds 3 baths ∙ 1,731 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,731 Sqft ∙ Built 1994
![property image]()
- Rent
- Rent Per SQFT
- $2,980
- $1.72
-
578 Falling Star Dr Martinez, CA 1
- 3 beds 3 baths ∙ 1,516 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,516 Sqft ∙ Built 2012
![property image]()
LEASED 06/26/19- Rent
- Rent Per SQFT
- $2,950
- $1.95
-
4880 Shadowfalls Martinez, CA 3
- 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
-
521 Westaire Blvd Martinez, CA 4
- 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 1997
![property image]()
LEASED 11/13/20- Rent
- Rent Per SQFT
- $3,300
- $1.61
-
1817 Roux Ct Martinez, CA 5
- 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1991
![property image]()
LEASED 10/16/19- Rent
- Rent Per SQFT
- $3,300
- $1.63
PROPERTY LISTING DETAILS
Keller Williams Realty
