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112 Dunsmuir Way Menlo Park, CA 94025

4 Beds 2 Baths 1,860 sqft Built 1951

INVESTimate

$1,998,000

List Price

$5,620

$5,370 - $5,870

Rent Est.

$2,238,359  ( +12.03%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1951
  • Price/Sqft : $1,074.19
  • 3 Days on Market
  • MLS # : ML81807569
  • Updated Date : 08/25/2020 at 06:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,860 sqft
  • Baths : 2 full
Listing Agent

Sequoia Realty Services

Listing Agent's Description

Ideally located on one of Suburban Park's most desirable streets, this 4bed 2bath home with additional family room has all the space your family needs! Enjoy the exceptional detail throughout including gleaming hardwood floors,wainscoting,decorative clay ceilings and beautiful skylights providing an abundance of natural light. The Kitchen has new stainless appliances and opens up to the expansive family room which leads out to the fully landscaped backyard. Four spacious bedrooms all with bay windows, and a master suite with vaulted ceilings, double vanity sink, and his/her closets. Take advantage of this opportunity to live in a neighborhood where the community organizes many annual events including Santa Visits,Easter egg hunt,4th of July and Halloween parade, and a fall block party! All of this with a convenient location and highly rated Menlo Park schools!

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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: Suburban Park

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000kPrice in $450k2199k

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

Neighborhood: Suburban Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2200025003000350040004500500055006000Rent in $18506248

* 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
Encinal School Primary Regular 792 41 8
Hillview Middle School Middle Regular 881 49 8
Menlo-atherton High School High Regular 2,158 112 8

Encinal School

  • Education Level: Primary
  • # of students: 792
  • # of teachers: 41
8
GreatSchools Rating

Hillview Middle School

  • Education Level: Middle
  • # of students: 881
  • # of teachers: 49
8
GreatSchools Rating

Menlo-atherton High School

  • Education Level: High
  • # of students: 2,158
  • # of teachers: 112
8
GreatSchools Rating
 

$1,798,200$2,197,800$1,998,000

PURCHASE PRICE

$5,058$6,182$5,620

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$6.0M$7.0M

PROJECTED ANNUAL CASH FLOW

11530-$70k-$60k-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M$7.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,620
EXPENSES Loan Payment -$7,372
Property Tax -$2,119
Property Insurance -$72
Property Management Fees -$219
CASH FLOW
-$4,162

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.

$1,998,000

PROJECTED PRICE

$5,620

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 12.03%
Maintenance Year (1-5) 8.00%
Vacancy 5.92%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$535,220

INVESTMENT

$535,220

Down Payment
$499,500
Rehab Estimate
$5,750
Closing Costs
$29,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$7,372

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $499,500
Loan Amount $1,498,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$88

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,620

    LIST RENT
  • $3.02

    LIST RENT PER SQFT
  • $5,422

    COMP ESTIMATED VALUE
  • $2.92

    COMP AVG. RENT PER SQFT
Comps Range
$4,495
1$4,4952$5,6203$5,800
$5,800
RENT COMPS ANALYSIS
  • 112 Dunsmuir Way Menlo Park, 2
    • 4 beds 2 baths ∙ 1,860 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,860 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $5,620
    • $3.02
    •  
  • 2151 Ralmar Ave East Palo Alto, 1
    • 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1952 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1952
    LEASED 03/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,495
    • $2.90
    •  
  • 767 14th Ave Menlo Park, 3
    • 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 1947 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 1947
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,800
    • $2.93
    •  
PROPERTY LISTING DETAILS
Alicia M. Nardini
Sequoia Realty Services
BESbswy