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541 Roanoke Dr Martinez, CA 94553

4 Beds 3 Baths 1,968 sqft Built 1975

$890,000

List Price

$3,410

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $452.24
  • 4 Days on Market
  • MLS # : CC40929095
  • Updated Date : 11/14/2020 at 12:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,968 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Come and see this move-in ready home in the sought after neighborhood of Virginia Hills! Large open living space with tall ceilings. Gorgeous luxury vinyl flooring on the main and lower level. Dual pane windows and lots of natural light throughout. Entertainers backyard with a pool, deck, and patio. Updated kitchen features stone countertops, stunning maple cabinets, step-in pantry, nice appliances, and access to the patio. Living room with vaulted ceilings and large windows for natural light. Formal dining room. Spacious downstairs family room with wood burning fireplace with built in shelving. Half bath connected to the laundry room on the lower level. Come and see!

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
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
 

$801,000$979,000$890,000

PURCHASE PRICE

$3,069$3,751$3,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$3,284
Property Tax -$982
Property Insurance -$75
HOA -$105
Property Management Fees -$167
CASH FLOW
-$1,202

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.

$890,000

PROJECTED PRICE

$3,410

PROJECTED RENT

0.38%

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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$241,600

INVESTMENT

$241,600

Down Payment
$222,500
Rehab Estimate
$5,750
Closing Costs
$13,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,284

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $222,500
Loan Amount $667,500
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$2,110

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,410

    LIST RENT
  • $1.73

    LIST RENT PER SQFT
  • $3,567

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3953$3,4004$3,4105$3,900
$3,900
RENT COMPS ANALYSIS
  • 541 Roanoke Dr Martinez, CA 4
    • 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 1975 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,410
    • $1.73
    •  
  • 235 Donegal Way Martinez, CA 1
    • 3 beds 2 baths ∙ 2,105 Sqft ∙ Built 1966 3 beds 2 baths ∙ 2,105 Sqft ∙ Built 1966
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.52
    •  
  • 1994 Reliez Valley Rd Lafayette, CA 2
    • 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 1962
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.75
    •  
  • 111 Alhambra Hills Dr Martinez, CA 3
    • 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 1977
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.86
    •  
  • 437 Donegal Way Lafayette, CA 5
    • 4 beds 3 baths ∙ 1,836 Sqft ∙ Built 1967 4 beds 3 baths ∙ 1,836 Sqft ∙ Built 1967
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.12
    •  
PROPERTY LISTING DETAILS
Jason Moon
Keller Williams Realty
BESbswy