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624 Sonora Ct Martinez, CA 94553

3 Beds 2 Baths 1,582 sqft Built 1974

$775,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $489.89
  • 3 Days on Market
  • MLS # : CC40933679
  • Updated Date : 01/09/2021 at 13:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,582 sqft
  • Baths : 2 full
Listing Agent

Dudum Real Estate Group

Listing Agent's Description

Unique decor, full of character and amenities. Updated kitchen, cork and laminate flooring, newer dual pane windows, fireplace in living room, breakfast bar and formal dining room, murphy bed in guest/craft room included. Outdoor living area extends your useable space for entertaining. Exterior has contemporary flair with a cozy open concept inside embellished with custom crown molding and door headers throughout. Enjoy your privacy from inside or from the spacious outdoor setting. View of Mount Wanda. Spacious two-level back yard is ideal for entertaining; the deck and lower level have solid roofing while the upper level is open. Master bedroom with Anderson slider opens to the covered deck with sunshades, which is ideal for al fresco dining. Vivent Leased Solar saves on utility costs! https://my.matterport.com/show/?m=59fdqLV1Vfr&brand=0

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
John Swett Elementary School Primary Regular 514 23 6
Martinez Junior High School Middle Regular 978 40 6
Alhambra Senior High School High Regular 1,181 58 7

John Swett Elementary School

  • Education Level: Primary
  • # of students: 514
  • # of teachers: 23
6
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
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,692
Property Tax -$869
Property Insurance -$65
Property Management Fees -$149
CASH FLOW
-$726

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.

$775,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.39%

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$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,692

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$9,552

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
  • $3,346

    COMP ESTIMATED VALUE
  • $2.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$3,1004$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 624 Sonora Ct Martinez, CA 1
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5149 Smith Dr Martinez, CA 2
    • 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 1956
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.25
    •  
  • 124 Elderwood Drive Pleasant Hill, CA 3
    • 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
    •  
  • 5430 Likins Ave Martinez, CA 4
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1956
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.01
    •  
  • 2128 Elderwood Dr Martinez, CA 5
    • 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1965
    LEASED 12/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.13
    •  
PROPERTY LISTING DETAILS
Terrylynn Fisher
Dudum Real Estate Group
BESbswy