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780 Wyoming St Martinez, CA 94553

3 Beds 2 Baths 1,460 sqft Built 1977

INVESTimate

$678,000

List Price

$3,070

$2,820 - $3,320

Rent Est.

$762,682  ( +12.49%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $464.38
  • 6 Days on Market
  • MLS # : CC40917814
  • Updated Date : 08/21/2020 at 18:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,460 sqft
  • Baths : 2 full
Listing Agent

Dudum Real Estate Group

Listing Agent's Description

Beautifully updated 3 bed, 2 bath single story in Martinez! This awesome light and bright home features spacious open concept kitchen/family room combo with vaulted ceilings wood burning fireplace surround with charming window seat. Kitchen ss appliances, breakfast bar, recessed lighting, spacious dining area. Generous living room, updated baths, dual pane windows, central heating and AC, 2 car attached garage, low maintenance backyard with artificial grass and patio. This is lovely home is absolutely adorable and not to be missed. Minutes to freeway, BART, and downtown Martinez.

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PRICE & RENT TRENDS

Neighborhood: Mountain View

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $184k1015k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Mountain View

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2140016001800200022002400260028003000Rent in $12793193

* 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
 

$610,200$745,800$678,000

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$2,502
Property Tax -$753
Property Insurance -$62
Property Management Fees -$150
CASH FLOW
-$397

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.

$678,000

PROJECTED PRICE

$3,070

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.49%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,420

INVESTMENT

$185,420

Down Payment
$169,500
Rehab Estimate
$5,750
Closing Costs
$10,170

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,502

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $169,500
Loan Amount $508,500
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$30,010

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $2.1

    LIST RENT PER SQFT
  • $3,514

    COMP ESTIMATED VALUE
  • $2.41

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,8503$3,0704$3,250
$3,250
RENT COMPS ANALYSIS
  • 780 Wyoming St Martinez, 3
    • 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $2.10
    •  
  • 313 Freda Ct Martinez, 1
    • 3 beds 2 baths ∙ 1,110 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,110 Sqft ∙ Built 1959
    property image
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.39
    •  
  • 1025 Oak St Martinez, 2
    • 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
    •  
  • Morello Heights Cir Martinez, 4
    • 4 beds 2 baths ∙ 1,416 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,416 Sqft ∙ Built 1978
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.30
    •  
PROPERTY LISTING DETAILS
Angela Lotman
Dudum Real Estate Group
BESbswy