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1163 Balclutha Dr Foster City, CA 94404

4 Beds 2 Baths 1,780 sqft Built 1966

$1,738,000

List Price

$4,810

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $976.40
  • 6 Days on Market
  • MLS # : ML81820657
  • Updated Date : 11/20/2020 at 11:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,780 sqft
  • Baths : 2 full
Listing Agent

Dwell Realtors, Inc.

Listing Agent's Description

Spacious single-story home in a great location in Foster City. The arched entry leads to a charming courtyard. Through the foyer, you'll find a welcoming living room, perfect for gatherings. A spacious family room lends to open concept living with space for entertaining, dining, and lounging. The kitchen features an island with an integrated cooktop, pantry, and plenty of cabinetry and countertop space. The primary bedroom has multiple closets and a newly remodeled bathroom. The spacious hall bathroom, also newly remodeled, features a large vanity with dual sinks. New interior and exterior paint, fixtures, and owned solar panels. Perfect backyard with grassy area, patio, and space for gardening. Award-winning schools. 0.3+/- miles to shops and restaurants.

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: Treasure Isle

NeighborhoodNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $450k1653k

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

Neighborhood: Treasure Isle

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2240026002800300032003400360038004000420044004600480050005200Rent in $23075233

* 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
Brewer Island Elementary School Primary Regular 699 28 9
Bowditch Middle School Middle Regular 998 43 9
San Mateo High School High Regular 1,555 76 7

Brewer Island Elementary School

  • Education Level: Primary
  • # of students: 699
  • # of teachers: 28
9
GreatSchools Rating

Bowditch Middle School

  • Education Level: Middle
  • # of students: 998
  • # of teachers: 43
9
GreatSchools Rating

San Mateo High School

  • Education Level: High
  • # of students: 1,555
  • # of teachers: 76
7
GreatSchools Rating
 

$1,564,200$1,911,800$1,738,000

PURCHASE PRICE

$4,329$5,291$4,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,810
EXPENSES Loan Payment -$6,412
Property Tax -$1,620
Property Insurance -$70
Property Management Fees -$188
CASH FLOW
-$3,480

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.

$1,738,000

PROJECTED PRICE

$4,810

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 9.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$466,320

INVESTMENT

$466,320

Down Payment
$434,500
Rehab Estimate
$5,750
Closing Costs
$26,070

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$6,412

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $434,500
Loan Amount $1,303,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$35

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
  • $4,953

    COMP ESTIMATED VALUE
  • $2.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,9503$5,0004$5,0005$5,400
$5,400
RENT COMPS ANALYSIS
  • 1163 Balclutha Dr Foster City, CA 1
    • 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1966
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 716 Ranger Cir Foster City, CA 2
    • 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1964
    property image
    LEASED 09/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $2.80
    •  
  • 888 Lurline Dr Foster City, CA 3
    • 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1964
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.94
    •  
  • 1339 Marlin Ave Foster City, CA 4
    • 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 1969
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.59
    •  
  • 784 Vespucci Ln Foster City, CA 5
    • 4 beds 3 baths ∙ 1,930 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,930 Sqft ∙ Built 1977
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,400
    • $2.80
    •  
PROPERTY LISTING DETAILS
Cliff Whearley
Dwell Realtors, Inc.
BESbswy