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$899,999

For Sale - Active
337 Marks Dr, Hollister, CA 95023
3 Beds
2.0 Baths
2,401 Square Feet
0.30 Acres Lot
Built in 1975
For Sale - Active
Units n/a
Checked: 11 hours ago
Updated: May 02, 2025 at 03:30AM

Investment Summary


Monthly Cash Flow
-$1,967
Cap Rate
3.4%
Cash-on-Cash Return
-11.4%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.0%

Property Description


0.30 Acres Lot
Built in 1975
For Sale - Active
Units n/a

Nice price adjustment on this gem! This charming home features 3 spacious bedrooms and 2 beautifully appointed bathrooms, complete with hardwood flooring throughout. Open concept floorplan, lots of natural light from the multiple windows and sliders. Enjoy these chilly evenings with the warmth of the gas fireplace. The kitchen boasts elegant granite countertops, perfect for both cooking and entertaining. The primary bathroom is enhanced with lighted mirrors, adding a touch of luxury to your daily routine, beautifully tiled showes. Inside laundry adds convenience as well. Step outside to enjoy lush landscaping, catch a breathe under th epergolas while enjpoying the serene outdoor space perfect for relaxation. As part of the desirable Ridgemark community, you'll have access to exclusive memberships for golf, tennis, and pickleball, making it easy to stay active and enjoy the outdoors. Dont miss the opportunity to make this stunning home yours! Please note; not all potted plants and decorative landscape rocks convey

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Location


Property Details


Parking

  • Description: Guest
  • Details: Attached, Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1
  • Basement Description: Crawl Space
  • Fireplace: Yes

Exterior Features

  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • HOA Fee: $320/quarterly
  • Additional Association: Ridgemark Homes Association

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 020420003000
  • Lot Size: 13120 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Spanish
  • Year Built: 1975

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air
  • Cooling: None

Location

  • County: San Benito

Listing Details


Listed by:
Karen Fink
Compass
(408) 461-1425

Source:
bridgeMLS
MLS#: ML81999556
bridgeMLS

Investment Summary


Monthly Cash Flow
-$1,967
Cap Rate
3.4%
Cash-on-Cash Return
-11.4%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.0%

Purchase Details

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Purchase price:
$899,999
Amount financed:
-$719,999
Down payment:
$180,000
Closing costs:
$27,000
Rehab costs:
$0
Initial cash invested:
$207,000
Square feet:
2,401
Cost per square foot:
$375
Monthly rent per square foot:
$1.62

Financing Details

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Loan amount:
$719,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.500%
Principal & interest:
$4,551
Property tax:
$0
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,824

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,900 $46,800
Vacancy loss: (6%)
6% -$234 -$2,808
Operating income:
$3,666 $43,992

Operating Expenses


% Rent Monthly Yearly
Property taxes: (0%)
0%$0$0
Insurance: (7%)
7%-$273-$3,276
Property management: (8%)
8%-$312-$3,744
Repairs & maintenance: (5%)
5%-$195-$2,340
Capital expenditures: (5%)
5%-$195-$2,340
HOA fees: (3%)
3%-$107-$1,284
Total operating expenses: (28%)
28%-$1,082-$12,984

Cash Flow


Monthly Yearly
Net operating income:
$2,584 $31,008
Mortgage payments:
-$4,551 -$54,612
Cash flow:
$1,967 $23,604