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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $413.14
- 3 Days on Market
- MLS # : CC40929492
- Updated Date : 11/27/2020 at 12:21
CONSTRUCTION
- Beds : 3
- Floor Size : 2,055 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Traditional two story 3 beds, 2.5 bathroom home on the Martinez/Pleasant Hill boarder. The entry opens into the large formal living and dining room with vaulted ceilings and tons of natural light. The home features a gourmet eat-in kitchen which looks into the cozy family room with fireplace and backyard access. Upstairs has three bedrooms including the large primary suite with updated bathroom, walk-in closet and nice deck overlooking the backyard for morning coffee. There is a large and private backyard with in ground pool and covered patio - great for relaxing meals and entertaining at home. There is newer heat, new solar heat for the pool and a brand new dishwasher - all ready for the new owners.
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PRICE & RENT TRENDS
Neighborhood: Hidden Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hidden Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,500 |
| EXPENSES | Loan Payment | -$3,132 |
| Property Tax | -$941 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$172 | |
|
CASH FLOW
-$822
|
||
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.
$849,000
PROJECTED PRICE
$3,500
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 5.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.09% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$230,735
LOAN DETAILS
$3,132
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $212,250 |
| Loan Amount | $636,750 |
2
YEARS SAVED
$13,303
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
-
$3,644
COMP ESTIMATED VALUE -
$1.77
COMP AVG. RENT PER SQFT
Comps Range
-
970 Morello Ave Martinez, CA 1
- 3 beds 3 baths ∙ 2,055 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,055 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4880 Shadowfalls Martinez, CA 2
- 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
-
Augustine Drive Martinez, CA 3
- 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 1988
LEASED 06/17/19- Rent
- Rent Per SQFT
- $3,700
- $1.84
-
504 Isabel Dr Martinez, CA 4
- 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 1986
LEASED 08/05/20- Rent
- Rent Per SQFT
- $3,800
- $1.71
PROPERTY LISTING DETAILS
Keller Williams Realty
