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403 Trailhead Way Martinez, CA 94553

3 Beds 3 Baths 1,731 sqft Built 1994

$749,000

List Price

$2,980

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
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

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
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

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

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

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$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

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
$2,950
1$2,9502$2,9803$3,1504$3,3005$3,300
$3,300
RENT COMPS ANALYSIS
  • 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
Erin Mckeon
Keller Williams Realty
BESbswy