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442 Blue Ridge Dr Martinez, CA 94553

4 Beds 2 Baths 1,473 sqft Built 1963

$720,000

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1963
  • Price/Sqft : $488.80
  • 6 Days on Market
  • MLS # : CC40926865
  • Updated Date : 10/29/2020 at 14:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,473 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker

Listing Agent's Description

Just a few minutes to downtown pleasant hill, this Martinez property offers a uniquely affordable opportunity to live in a great neighborhood. Close to shopping, golf, open space recreation, and more, you'll be happy to call this house your home. This property is a diamond in the rough, and awaits your personal style to make it magnificent. Come take a look and see for yourself.

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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
Valhalla Elementary School Primary Regular 542 21 9
Valley View Middle School Middle Regular 835 38 6
College Park High School High Regular 2,022 81 9

Valhalla Elementary School

  • Education Level: Primary
  • # of students: 542
  • # of teachers: 21
9
GreatSchools Rating

Valley View Middle School

  • Education Level: Middle
  • # of students: 835
  • # of teachers: 38
6
GreatSchools Rating

College Park High School

  • Education Level: High
  • # of students: 2,022
  • # of teachers: 81
9
GreatSchools Rating
 

$648,000$792,000$720,000

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$2,656
Property Tax -$794
Property Insurance -$63
Property Management Fees -$149
CASH FLOW
-$672

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.

$720,000

PROJECTED PRICE

$2,990

PROJECTED RENT

0.42%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$196,550

INVESTMENT

$196,550

Down Payment
$180,000
Rehab Estimate
$5,750
Closing Costs
$10,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,656

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $180,000
Loan Amount $540,000
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$13,548

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,990

    LIST RENT
  • $2.03

    LIST RENT PER SQFT
  • $3,193

    COMP ESTIMATED VALUE
  • $2.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,8003$2,9904$3,1005$3,600
$3,600
RENT COMPS ANALYSIS
  • 442 Blue Ridge Dr Martinez, CA 3
    • 4 beds 2 baths ∙ 1,473 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,473 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $2.03
    •  
  • 2426 Pleasant Hill Rd 1 Pleasant Hill, CA 1
    • 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1970
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $2.15
    •  
  • 357 Ridgeview Dr Pleasant Hill, CA 2
    • 3 beds 3 baths ∙ 1,403 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,403 Sqft ∙ Built 1972
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.00
    •  
  • 124 Elderwood Drive Pleasant Hill, CA 4
    • 4 beds 3 baths ∙ 1,496 Sqft ∙ Built 1967 4 beds 3 baths ∙ 1,496 Sqft ∙ Built 1967
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.07
    •  
  • 516 Webster Dr Martinez, CA 5
    • 4 beds 2 baths ∙ 1,467 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,467 Sqft ∙ Built 1971
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.45
    •  
PROPERTY LISTING DETAILS
Rod Verette
Coldwell Banker
BESbswy