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1129 Ramblewood Way San Mateo, CA 94403

4 Beds 3 Baths 2,270 sqft Built 1981

$1,980,000

List Price

$5,100

$4.9K - $5.4K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $872.25
  • 4 Days on Market
  • MLS # : ML81820089
  • Updated Date : 11/12/2020 at 16:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,270 sqft
  • Baths : 3 full
Listing Agent

Green Banker Realty

Listing Agent's Description

Beautiful 4 bedroom, 3 bathroom home featuring hardwood floors throughout, recessed lighting, high-end stainless-steel built-in appliances, and pavers from the driveway flow around the whole home creating a fabulous low maintenance backyard and patio perfect for relaxing with the family or entertaining guests. A bright and airy large open space with a high vaulted ceiling welcomes you in the home. This split-level area separated by handrails houses the foyer, the formal living room with a handsome fireplace, and the dining area. The cozy family room features a second fireplace and access to the backyard through a sliding door. Rounding out the accommodation on the first floor is a bedroom, a full bathroom, and a laundry room. Upstairs, you will find three bedrooms with wall-to-wall carpeting and two bathrooms including the en-suite master bedroom with recessed lighting and a private balcony. The two other bedrooms share a bathroom. Close to the Hillsdale Mall & 101 Freeway.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Woodbridge Park

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000kPrice in $438k2052k

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

Neighborhood: Woodbridge Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q22200240026002800300032003400360038004000420044004600480050005200Rent in $21875217

* 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
Ralston Middle School Middle Regular 1,130 49 9
Carlmont High School High Regular 2,183 107 9

Ralston Middle School

  • Education Level: Middle
  • # of students: 1,130
  • # of teachers: 49
9
GreatSchools Rating

Carlmont High School

  • Education Level: High
  • # of students: 2,183
  • # of teachers: 107
9
GreatSchools Rating
 

$1,782,000$2,178,000$1,980,000

PURCHASE PRICE

$4,590$5,610$5,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,100
EXPENSES Loan Payment -$7,305
Property Tax -$2,157
Property Insurance -$82
Property Management Fees -$199
CASH FLOW
-$4,643

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.

$1,980,000

PROJECTED PRICE

$5,100

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 11.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.92%
Length of Stay Years 2

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$530,450

INVESTMENT

$530,450

Down Payment
$495,000
Rehab Estimate
$5,750
Closing Costs
$29,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$7,305

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $495,000
Loan Amount $1,485,000
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$226

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
  • $5,607

    COMP ESTIMATED VALUE
  • $2.47

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,8003$5,3004$5,8005$5,800
$5,800
RENT COMPS ANALYSIS
  • 1129 Ramblewood Way San Mateo, CA 1
    • 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 270 Port Royal Ave Foster City, CA 2
    • 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 1971
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $2.46
    •  
  • 20 Lyme Ln Foster City, CA 3
    • 3 beds 4 baths ∙ 2,240 Sqft ∙ Built 1987 3 beds 4 baths ∙ 2,240 Sqft ∙ Built 1987
    LEASED 01/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,300
    • $2.37
    •  
  • 620 Waterbury Ln Foster City, CA 4
    • 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 1977
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,800
    • $2.59
    •  
  • 431 Boothbay Ave Foster City, CA 5
    • 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 1984
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,800
    • $2.46
    •  
PROPERTY LISTING DETAILS
Stanley Lo
Green Banker Realty
BESbswy