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1210 Tilia San Mateo, CA 94402

3 Beds 2 Baths 1,610 sqft Built 1946

INVESTimate

$1,950,000

List Price

$4,820

$4,570 - $5,070

Rent Est.

$522,500

Investment Est.

$2,171,130  ( +11.34%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1946
  • Price/Sqft : $1,211.18
  • 3 Days on Market
  • MLS # : BE40912432
  • Updated Date : 08/24/2020 at 13:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,610 sqft
  • Baths : 2 full
Listing Agent

Century 21 Mm

Listing Agent's Description

Price reduced on prime peninsula location in San Mateo. View this impressive 3-bedroom 2-bathroom home with not one but two living room areas each with its own cozy fireplace! Enjoy entertaining in the formal dining room with an open floor concept. Enjoy memorable times creating meals in the modern kitchen with an open view to the family room accompanied by new stainless-steel appliances. Beautiful hardwood flooring in two of the bedrooms and the hallway. New carpet and painting throughout the house. Doors from the family and dining room lead into a beautiful backyard. The home is nestled in between three schools, Baywood Elementary, Borel Middle and academically top-rated Aragon High School. Two city parks are located within a few miles and shops and restaurants are plentiful. You are invited and encourage to past the following into your browser to view the drone view of the property and surrounding area. https://youtu.be/0Gdk9MTtNuU

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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: Devereux Manor

NeighborhoodNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700k1800k1900kPrice in $438k1902k

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

Neighborhood: Devereux Manor

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2220024002600280030003200340036003800400042004400460048005000Rent in $21875135

* 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
Baywood Elementary School Primary Regular 738 29 7
Borel Middle School Middle Magnet 958 43 6
Aragon High School High Regular 1,423 68 9

Baywood Elementary School

  • Education Level: Primary
  • # of students: 738
  • # of teachers: 29
7
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
 

FINANCIALS

Learn how to read this

$1,755,000$2,145,000$1,950,000

PURCHASE PRICE

$4,338$5,302$4,820

RENT

DOWN PAYMENT
FINANCING
Learn how to read this

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 $4,820
EXPENSES Loan Payment -$7,195
Property Tax -$2,086
Property Insurance -$66
Property Management Fees -$188
CASH FLOW
-$4,714

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.

$1,950,000

PROJECTED PRICE

$4,820

PROJECTED RENT

0.25%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 11.34%
Maintenance Year (1-5) 8.00%
Vacancy 5.92%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$522,500

INVESTMENT

$522,500

Down Payment		 $487,500
Rehab Estimate		 $5,750
Closing Costs		 $29,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$7,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $487,500
Loan Amount $1,462,500
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$258

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,820

    LIST RENT

  • $2.99

    LIST RENT PER SQFT

  • $4,810

    COMP ESTIMATED VALUE

  • $2.99

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,3703$4,6004$4,7505$4,820
$4,820
RENT COMPS ANALYSIS
  • 1210 Tilia San Mateo, 5
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1946
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,820
    • $2.99
    •  
  • 1231 Alameda De La Plugas St San Mateo, 1
    • 3 beds 1 baths ∙ 1,270 Sqft ∙ Built 1945 3 beds 1 baths ∙ 1,270 Sqft ∙ Built 1945
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $3.15
    •  
  • 1424 S B St Front House San Mateo, 2
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1937 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1937
    property image
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,370
    • $3.24
    •  
  • 234 22nd Ave San Mateo, 3
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1937 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1937
    property image
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $2.79
    •  
  • 1715 Palm Ave San Mateo, 4
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1927 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1927
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $2.77
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Sharon Kaufman
Century 21 Mm

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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