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730 Central Ave 
Martinez, CA
94553
3 Beds 3 Baths 2,055 sqft
Built 1973
INVESTimate
$650,000
List Price
$178,000
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PROPERTY INFO
FACTS
- Built In 1973
- Price/Sqft : $316.30
- 2 Days on Market
- MLS # : CC40918161
- Updated Date : 08/25/2020 at 14:46
CONSTRUCTION
- Beds : 3
- Floor Size : 2,055 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Located at the very end of a private driveway, this lovely home has beautiful mountain views, mature trees and tons of privacy. Inside you'll find a light, bright and open floor plan on the main floor with 3 bedrooms and 2 full bathrooms upstairs. The spacious living room has a cozy wood burning fireplace and views of the tree tops out the picture window! The Kitchen has wood cabinetry, refreshed with white paint, newer hardware, subway tile, recessed lights and opens to the dining nook and living room; Downstairs offers a HUGE family room, half bath and laundry room; There are endless possibilities here, room for working at home, playing and just enjoying the space with friends and family. The yards are sunny and super secluded. If you love space and the feeling of a private retreat, this home is for you! Also, super ideal location - close to freeway access and just minutes to either Pleasant Hill or downtown Martinez.
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PRICE & RENT TRENDS
Neighborhood: Vine Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vine Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,110 |
| EXPENSES | Loan Payment | -$2,398 |
| Property Tax | -$740 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$152 | |
|
CASH FLOW
-$257
|
||
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.
$650,000
PROJECTED PRICE
$3,110
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 8.96% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.63% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$178,000
LOAN DETAILS
$2,398
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $162,500 |
| Loan Amount | $487,500 |
5.08
YEARS SAVED
$40,440
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,110
LIST RENT -
$1.51
LIST RENT PER SQFT
-
$3,404
COMP ESTIMATED VALUE -
$1.66
COMP AVG. RENT PER SQFT
Comps Range
-
730 Central Ave Martinez, 2
- 3 beds 3 baths ∙ 2,055 Sqft ∙ Built 1973 3 beds 3 baths ∙ 2,055 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $3,110
- $1.51
-
2157 Westward Pl Martinez, 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
-
4880 Shadowfalls Martinez, 3
- 4 beds 3 baths ∙ 1,775 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,775 Sqft ∙ Built 1988
LEASED 12/04/19- Rent
- Rent Per SQFT
- $3,150
- $1.77
-
1817 Roux Ct Martinez, 4
- 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
Keller Williams Realty
