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5 Benita Way Martinez, CA 94553

3 Beds 1 Baths 1,223 sqft Built 1947

$599,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $489.78
  • 3 Days on Market
  • MLS # : CC40929631
  • Updated Date : 11/21/2020 at 16:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,223 sqft
  • Baths : 1 full
Listing Agent

Abio Properties

Listing Agent's Description

10+ Fabulous Martinez bungalow with PLEASANT HILL SCHOOLS (Hidden Valley Elem, Valley View Middle, College Park High -- Buyer to verify) on a huge lot with NO rear neighbors! Charming original hardwood flooring in all bedrooms, gorgeous kitchen with Quartz counters & stainless steel appliances, wonderful huge living room with vaulted ceiling, built-in cabinetry, and wood burning stove. Detached garage has Office/Salon set up along with unbelievable amount of storage space adding hundreds of additional square feet! Hot Tub hookup & above-ground seasonal Pool included. Just in time for the Holidays, don't miss this one! See 3-D tour & more at www.5Benita.com

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vine Hill

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $201k1015k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Vine Hill

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $14063193

* 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
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$2,210
Property Tax -$673
Property Insurance -$57
Property Management Fees -$149
CASH FLOW
-$368

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.

$599,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
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$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$26,271

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
  • $2,801

    COMP ESTIMATED VALUE
  • $2.29

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,850
$2,850
RENT COMPS ANALYSIS
  • 5 Benita Way Martinez, CA 1
    • 3 beds 1 baths ∙ 1,223 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,223 Sqft ∙ Built 1947
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 979 Argenta Dr Martinez, CA 2
    • 3 beds 1 baths ∙ 1,026 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,026 Sqft ∙ Built 1960
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $2.19
    •  
  • 204 Patrick Dr Pacheco, CA 3
    • 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1955
    property image
    LEASED 06/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.39
    •  
PROPERTY LISTING DETAILS
Mariah Bradford
Abio Properties
BESbswy