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

61 Gilrix Martinez, CA 94553

3 Beds 3 Baths 2,149 sqft Built 1956

$789,000

List Price

$3,150

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $367.15
  • 5 Days on Market
  • MLS # : CC40929732
  • Updated Date : 11/18/2020 at 18:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,149 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jamie Latteri Broker

Listing Agent's Description

This is a single story dream home with storage everywhere. Big open floor plan with beautiful just refinished hardwood floors, Large granite island kitchen with a walk in pantry, double ovens, 6 burner gas cook top with a pot filler, cabinets with roll out shelving, a built-in desk area, dining area, island seating and a wall of windows. The laundry room has more cabinets, granite counter with full size sink and a built in ice maker. large master with shower and mirrored closet doors. Big back yard with two sheds and cloth gazebo. RV parking and hookups for sewer, water and electric. Finished two car garage. Located close to Morello Park School, shopping, freeway 680 and highway 4. Also has Dual pane windows, Air Conditioning, a room that could be a formal dining or a den or an extension of the living room that also has more storage.

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
 

$710,100$867,900$789,000

PURCHASE PRICE

$2,835$3,465$3,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,150
EXPENSES Loan Payment -$2,911
Property Tax -$880
Property Insurance -$79
Property Management Fees -$154
CASH FLOW
-$875

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.

$789,000

PROJECTED PRICE

$3,150

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$20k

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$214,835

INVESTMENT

$214,835

Down Payment
$197,250
Rehab Estimate
$5,750
Closing Costs
$11,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,911

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $197,250
Loan Amount $591,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$7,775

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
  • $3,309

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,995
$2,995
RENT COMPS ANALYSIS
  • 61 Gilrix Martinez, CA 1
    • 3 beds 3 baths ∙ 2,149 Sqft ∙ Built 1956 3 beds 3 baths ∙ 2,149 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3500 Estudillo St Martinez, CA 2
    • 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 1950
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.54
    •  
PROPERTY LISTING DETAILS
Jamie Latteri
Jamie Latteri Broker
BESbswy