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1140 Hawthorne Dr San Mateo, CA 94402

3 Beds 1 Baths 1,120 sqft Built 1946

INVESTimate

$998,000

List Price

$3,760

$3,510 - $4,010

Rent Est.

$1,131,233  ( +13.35%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
FACTS
  • Built In 1946
  • Price/Sqft : $891.07
  • 10 Days on Market
  • MLS # : ML81806545
  • Updated Date : 08/18/2020 at 10:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,120 sqft
  • Baths : 1 full
Listing Agent

Compass

Listing Agent's Description

Sunnybrae Delight + TLC...Situated in the sought-after enclave of Sunnybrae; known for its charm and close proximity to City amenities! This home offers an opportunity to own and achieve featuring: 3 bedrooms, 1 bathroom, spacious living room, dining area with back yard access, spacious kitchen, quaint back yard, conveniently located garage and more!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Sunnybrae

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $392k1523k

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

Neighborhood: Sunnybrae

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q220002200240026002800300032003400360038004000420044004600Rent in $18934696

* 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
Sunnybrae Elementary School Primary Magnet 527 23 2
Borel Middle School Middle Magnet 958 43 6
Aragon High School High Regular 1,423 68 9

Sunnybrae Elementary School

  • Education Level: Primary
  • # of students: 527
  • # of teachers: 23
2
GreatSchools Rating

Borel Middle School

  • Education Level: Middle
  • # of students: 958
  • # of teachers: 43
6
GreatSchools Rating

Aragon High School

  • Education Level: High
  • # of students: 1,423
  • # of teachers: 68
9
GreatSchools Rating
 

$898,200$1,097,800$998,000

PURCHASE PRICE

$3,384$4,136$3,760

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,760
EXPENSES Loan Payment -$3,682
Property Tax -$1,068
Property Insurance -$54
Property Management Fees -$147
CASH FLOW
-$1,191

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

$3,760

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.35%
Maintenance Year (1-5) 8.00%
Vacancy 5.61%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,220

INVESTMENT

$270,220

Down Payment
$249,500
Rehab Estimate
$5,750
Closing Costs
$14,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,682

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,500
Loan Amount $748,500
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$4,266

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,760

    LIST RENT
  • $3.36

    LIST RENT PER SQFT
  • $3,814

    COMP ESTIMATED VALUE
  • $3.41

    COMP AVG. RENT PER SQFT
Comps Range
$3,760
1$3,7602$3,9953$4,0004$4,0755$4,300
$4,300
RENT COMPS ANALYSIS
  • 1140 Hawthorne Dr San Mateo, 1
    • 3 beds 1 baths ∙ 1,120 Sqft ∙ Built 1946 3 beds 1 baths ∙ 1,120 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $3,760
    • $3.36
    •  
  • 1625 Fillmore Ave San Mateo, 2
    • 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1955
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $3.47
    •  
  • 47 E 20th Ave San Mateo, 3
    • 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1942 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1942
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $3.45
    •  
  • 1694 Taylor St San Mateo, 4
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1954
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,075
    • $3.34
    •  
  • 1717 Brooks St San Mateo, 5
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1956
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $3.36
    •  
PROPERTY LISTING DETAILS
Gregory Terry
Compass
BESbswy