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11 Agua Vista Ct Redwood City, CA 94062

5 Beds 3 Baths 2,230 sqft Built 1951

INVESTimate

$1,695,000

List Price

$5,540

$5,290 - $5,790

Rent Est.

$1,821,956  ( +7.49%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1951
  • Price/Sqft : $760.09
  • 4 Days on Market
  • MLS # : ML81807182
  • Updated Date : 08/25/2020 at 17:42
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,230 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This is an amazing lot - 2 APN #'s total 15,800 sf-gentle slope with lots of level area behind the 3 car garage! The house has so much potential. Remodel or build new! Upstairs there are 2 bedrooms-2 bathrooms-living/dining room with open wood beam ceilings-views towards San Carlos & hills- sliding door opens to the deck-laundry area in one of the bathrooms-spiral staircase leads to the downstairs with a kitchen area-living room with skylights-3 bedrooms- bathroom-laundry room with storage area-the downstairs also has a separate entrance off the decks-two separate gas forced air heating systems-separate storage shed-amazing 3+ car detached garage-quiet cul-de-sac- easy access to the 550 acre Edgewood Park - hiking, biking, horseback riding trails-Country living yet so close to town-

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MARKET HIGHLIGHTS

  • San Jose metro employment growth has been at 2.2% in 2018 and predicted to grow at 1.9% in 2019 (USMayors.org, 2018)
  • San Jose metro contributes to 9% of California state's economy i.e. Gross State Product (USMayors.org, 2018)
  • Palo Alto, Redwood City, Mountain View and San Mateo together attracted around $11 billion in venture capital funding in 2019 making Silicon Valley still attractive to technology investments (Crunchbase News, 2020)
  • San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • San Jose metro's economy has been worth $282.2 billion in Gross Metro Product (GMP) in 2018 and is projected to grow to $298.6 billion in 2019. GMP measures the productivity of the metro. (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Emerald Hills

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000k2200kPrice in $450k2284k

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

Neighborhood: Emerald Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q225003000350040004500500055006000Rent in $21086353

* 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
Roy Cloud Elementary School Primary Regular 776 29 8
Roy Cloud Elementary School Middle Regular 776 29 8
Woodside High School High Magnet 1,815 106 7

Roy Cloud Elementary School

  • Education Level: Primary
  • # of students: 776
  • # of teachers: 29
8
GreatSchools Rating

Roy Cloud Elementary School

  • Education Level: Middle
  • # of students: 776
  • # of teachers: 29
8
GreatSchools Rating

Woodside High School

  • Education Level: High
  • # of students: 1,815
  • # of teachers: 106
7
GreatSchools Rating
 

$1,525,500$1,864,500$1,695,000

PURCHASE PRICE

$4,986$6,094$5,540

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,540
EXPENSES Loan Payment -$6,254
Property Tax -$1,559
Property Insurance -$81
Property Management Fees -$216
CASH FLOW
-$2,569

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$1,695,000

PROJECTED PRICE

$5,540

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 7.49%
Maintenance Year (1-5) 8.00%
Vacancy 5.92%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$454,925

INVESTMENT

$454,925

Down Payment
$423,750
Rehab Estimate
$5,750
Closing Costs
$25,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$6,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $423,750
Loan Amount $1,271,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$594

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
  • $5,493

    COMP ESTIMATED VALUE
  • $2.46

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,6003$5,8504$5,900
$5,900
RENT COMPS ANALYSIS
  • 11 Agua Vista Ct Redwood City, 1
    • 5 beds 3 baths ∙ 2,230 Sqft ∙ Built 1951 5 beds 3 baths ∙ 2,230 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2901 Franciscan Ct San Carlos, 2
    • 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 1957 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 1957
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,600
    • $2.46
    •  
  • 2813 Porto Rosa Way San Carlos, 3
    • 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 1959 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 1959
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,850
    • $2.53
    •  
  • 3639 Country Club Dr Redwood City, 4
    • 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1959 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1959
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,900
    • $2.40
    •  
PROPERTY LISTING DETAILS
Michelle Glaubert
Coldwell Banker Realty
BESbswy