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

4970 Thatcher Drive Martinez, CA 94553

3 Beds 3 Baths 1,793 sqft Built 1989

$699,000

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $389.85
  • 3 Days on Market
  • MLS # : CC40928805
  • Updated Date : 11/13/2020 at 10:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,793 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Home for the holidays has never sounded so great! 4970 Thatcher Drive is ready for you featuring 3 large bedrooms, 2.5 updated bathrooms, & approx. 1,793 square feet of open concept living space. With an attached two car garage, indoor laundry room, newer furnace, HVAC, tankless water heater, Nest, & smart sprinkler system, the list of tasteful and well thought out upgrades is endless. This home has been meticulously maintained both inside and outside: the front and back yard are gorgeous, green, private, and flat with plenty of space to entertain, play, garden, and enjoy the 365 degree views that Sunrise Hill neighborhood has to offer. Updated kitchen with breakfast nook, light and bright family room, living room, and more. No rear neighbors, extremely low HOA fee, great location near freeway for easy access to your Bay Area lifestyle. This home will sell fast, set up your showing today!

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
Hidden Valley Elementary School Primary Regular 806 30 6
Valley View Middle School Middle Regular 835 38 6
College Park High School High Regular 2,022 81 9

Hidden Valley Elementary School

  • Education Level: Primary
  • # of students: 806
  • # of teachers: 30
6
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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,579
Property Tax -$775
Property Insurance -$70
HOA -$92
Property Management Fees -$149
CASH FLOW
-$715

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.

$699,000

PROJECTED PRICE

$2,950

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-$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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$9,558

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $2,990

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8003$2,9504$3,2005$3,300
$3,300
RENT COMPS ANALYSIS
  • 4970 Thatcher Drive Martinez, CA 3
    • 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.65
    •  
  • 2157 Westward Pl Martinez, CA 1
    • 4 beds 3 baths ∙ 1,789 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,789 Sqft ∙ Built 1985
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.57
    •  
  • 4867 Starflower Dr Martinez, CA 2
    • 3 beds 3 baths ∙ 1,515 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,515 Sqft ∙ Built 1984
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.85
    •  
  • 135 Elder Dr Pacheco, CA 4
    • 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 1995
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.62
    •  
  • 1817 Roux Ct Martinez, CA 5
    • 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1991
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.63
    •  
PROPERTY LISTING DETAILS
Kylie Fahey
Compass
BESbswy