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750 Jane Ct Martinez, CA 94553

3 Beds 1 Baths 1,205 sqft Built 1953

INVESTimate

$459,000

List Price

$2,620

$2,370 - $2,870

Rent Est.

$500,126  ( +8.96%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1953
  • Price/Sqft : $380.91
  • 6 Days on Market
  • MLS # : CC40917680
  • Updated Date : 08/21/2020 at 08:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,205 sqft
  • Baths : 1 full
Listing Agent

Carriage House Real Estate Inc

Listing Agent's Description

Very clean, recently updated, 3 bedroom home with beautifully remodeled bathroom and kitchen featuring upgraded white shaker/bead board cabinetry, solid surface counters, tile floors, farmers sink and stainless steel appliances. 1205 sq. ft. residence with bonus room and a large, spacious utility room, sits on an over-sized lot at the end of a culdesac. Take a virtual tour at https://youtu.be/D6jO9uWyYlM. No neighbors behind you for the ultimate in privacy, security, and view. New roof, paint & carpeting. Perfect for the first time buyer or investor (recently rented for $2500 per month). Hurry, this one won't last long.

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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
Las Juntas Elementary School Primary Regular 427 17 3
Martinez Junior High School Middle Regular 978 40 6
Alhambra Senior High School High Regular 1,181 58 7

Las Juntas Elementary School

  • Education Level: Primary
  • # of students: 427
  • # of teachers: 17
3
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
 

$413,100$504,900$459,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$1,694
Property Tax -$523
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
$199

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.

$459,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,694

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

9.83

YEARS SAVED

$76,223

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $2.17

    LIST RENT PER SQFT
  • $2,964

    COMP ESTIMATED VALUE
  • $2.46

    COMP AVG. RENT PER SQFT
Comps Range
$2,620
1$2,6202$2,8503$2,850
$2,850
RENT COMPS ANALYSIS
  • 750 Jane Ct Martinez, 1
    • 3 beds 1 baths ∙ 1,205 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,205 Sqft ∙ Built 1953
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $2.17
    •  
  • 204 Patrick Dr Pacheco, 2
    • 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
    •  
  • 1025 Oak St Martinez, 3
    • 3 beds 2 baths ∙ 1,128 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,128 Sqft ∙ Built 1968
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.53
    •  
PROPERTY LISTING DETAILS
Martin Rosenzweig
Carriage House Real Estate Inc
BESbswy