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PROPERTY INFO
FACTS
- Single Family
- Built In 1951
- Price/Sqft : $728.47
- 3 Days on Market
- MLS # : ML81821597
- Updated Date : 11/28/2020 at 16:32
CONSTRUCTION
- Beds : 3
- Floor Size : 1,370 sqft
- Baths : 2 full
Listing Agent
Prime Properties Of Calif
Listing Agent's Description
One of the best priced homes in San Mateo. Well maintained 3 bedrooms 2 bath home with two car garage. Updated kitchen. Hardwood floors throughout. Central heating. Nice backyard with large storage shed. which can be converted into ADU (additional unit). Do verify with City. Upgraded windows .Home has clearance reports. Large master bedroom with hardwood floors and easy access to the back yard. Lots of parking on the side of the home. Newer roof with one year warranty. Come and visit this San Mateo charmer. Tired of the daily commute? This home is centrally located.
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Bowie Estate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bowie Estate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,900 |
| EXPENSES | Loan Payment | -$3,682 |
| Property Tax | -$1,068 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$152 | |
|
CASH FLOW
-$1,062
|
||
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.
$998,000
PROJECTED PRICE
$3,900
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 9.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.61% |
| 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
$270,220
LOAN DETAILS
$3,682
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $249,500 |
| Loan Amount | $748,500 |
1.25
YEARS SAVED
$7,946
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$4,257
COMP ESTIMATED VALUE -
$3.11
COMP AVG. RENT PER SQFT
Comps Range
-
1115 E Poplar Ave San Mateo, CA 1
- 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1951
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
523 N Idaho St San Mateo, CA 2
- 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1944 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1944
![property image]()
LEASED 09/04/20- Rent
- Rent Per SQFT
- $3,550
- $2.91
-
1625 Cottage Grove Ave San Mateo, CA 3
- 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1951
![property image]()
LEASED 06/25/20- Rent
- Rent Per SQFT
- $4,200
- $3.16
-
1816 Byron Ave San Mateo, CA 4
- 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1952 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1952
![property image]()
LEASED 08/08/20- Rent
- Rent Per SQFT
- $4,350
- $3.22
-
410 E Ellsworth Ct San Mateo, CA 5
- 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1942 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1942
![property image]()
LEASED 07/10/20- Rent
- Rent Per SQFT
- $4,400
- $3.14
PROPERTY LISTING DETAILS
Prime Properties Of Calif
