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

846 Marie Ave Martinez, CA 94553

4 Beds 2 Baths 1,458 sqft Built 1971

$635,000

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $435.53
  • 5 Days on Market
  • MLS # : CC40928023
  • Updated Date : 11/05/2020 at 18:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,458 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Conveniently located in a desirable Morello Heights neighborhood, this 4 bedroom, 2 bath home sits on nearly a 1/4 acre lot. The kitchen has been updated and opens into the living room, making it perfect for entertaining. The backyard includes new decking, offers plenty of privacy and is the perfect spot to enjoy with family and friends. This sought-after area is within close proximity to parks, freeway and Downtown Martinez.

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
 

$571,500$698,500$635,000

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$2,343
Property Tax -$706
Property Insurance -$62
Property Management Fees -$149
CASH FLOW
-$480

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.

$635,000

PROJECTED PRICE

$2,780

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$174,025

INVESTMENT

$174,025

Down Payment
$158,750
Rehab Estimate
$5,750
Closing Costs
$9,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,343

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $158,750
Loan Amount $476,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$20,231

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,780

    LIST RENT
  • $1.91

    LIST RENT PER SQFT
  • $2,978

    COMP ESTIMATED VALUE
  • $2.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,780
1$2,7802$2,8003$2,8504$3,1505$3,250
$3,250
RENT COMPS ANALYSIS
  • 846 Marie Ave Martinez, CA 1
    • 4 beds 2 baths ∙ 1,458 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,458 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $1.91
    •  
  • 4867 Starflower Dr Martinez, CA 2
    • 3 beds 3 baths ∙ 1,515 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,515 Sqft ∙ Built 1984
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.85
    •  
  • 5149 Smith Dr Martinez, CA 3
    • 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
    •  
  • 4880 Shadowfalls Martinez, CA 4
    • 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
    •  
  • Morello Heights Cir Martinez, CA 5
    • 4 beds 2 baths ∙ 1,416 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,416 Sqft ∙ Built 1978
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.30
    •  
PROPERTY LISTING DETAILS
Erin Mckeon
Keller Williams Realty
BESbswy