Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1220 Rhus St San Mateo, CA 94402

2 Beds 1 Baths 1,155 sqft Built 1930

INVESTimate

$1,845,000

List Price

$3,610

$3,360 - $3,860

Rent Est.

$2,054,223  ( +11.34%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1930
  • Price/Sqft : $1,597.40
  • 7 Days on Market
  • MLS # : ML81806967
  • Updated Date : 08/22/2020 at 14:12
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,155 sqft
  • Baths : 1 full
Listing Agent

Compass

Listing Agent's Description

Have the best of both worlds in this newly renovated charming Tudor style home. The kitchen/living room have been opened up to provide an open floor plan for todays family lifestyle. Stunning chefs kitchen with new waterfall island, veggie sink, pot filler and wine fridge. New wide plank white oak floors and more make the home feel new inside. The finishes are exquisite, come see for yourself. Additional living space is provided by the oversized veranda which looks over the sweet rear garden. The oversized detached 2 car garage is destined to be guest home someday. Go to 1220RhusSt.com for video, 3D tour and floor plan. Excellent award winning schools according to Greatschools.org: Baywood Elementary (9 test scores), Borel Middle School (8 test scores) and Aragon High School (9 test scores). Quiet location conveniently located for easy access to 280 and 101; whether you are traveling north to San Francisco or South to San Jose you are 30 minutes or less away.

SEE MORE

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: Husing

NeighborhoodNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $438k1684k

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

Neighborhood: Husing

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
 

$1,660,500$2,029,500$1,845,000

PURCHASE PRICE

$3,249$3,971$3,610

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-$80k-$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 $3,610
EXPENSES Loan Payment -$6,807
Property Tax -$1,974
Property Insurance -$55
Property Management Fees -$141
CASH FLOW
-$5,367

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.

$1,845,000

PROJECTED PRICE

$3,610

PROJECTED RENT

0.20%

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$494,675

INVESTMENT

$494,675

Down Payment
$461,250
Rehab Estimate
$5,750
Closing Costs
$27,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,807

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $461,250
Loan Amount $1,383,750
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$7,040

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,610

    LIST RENT
  • $3.13

    LIST RENT PER SQFT
  • $3,611

    COMP ESTIMATED VALUE
  • $3.13

    COMP AVG. RENT PER SQFT
Comps Range
$3,610
1$3,6102$3,9503$4,1504$4,200
$4,200
RENT COMPS ANALYSIS
  • 1220 Rhus St San Mateo, 1
    • 2 beds 1 baths ∙ 1,155 Sqft ∙ Built 1930 2 beds 1 baths ∙ 1,155 Sqft ∙ Built 1930
    • Rent
    • Rent Per SQFT
    •  
    • $3,610
    • $3.13
    •  
  • 2226 Isabelle Ave San Mateo, 2
    • 2 beds 1 baths ∙ 1,250 Sqft ∙ Built 1938 2 beds 1 baths ∙ 1,250 Sqft ∙ Built 1938
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $3.16
    •  
  • 554 S El Camino Real San Mateo, 3
    • 2 beds 2 baths ∙ 1,354 Sqft ∙ Built 1946 2 beds 2 baths ∙ 1,354 Sqft ∙ Built 1946
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $3.06
    •  
  • 171 31st Ave San Mateo, 4
    • 2 beds 1 baths ∙ 1,330 Sqft ∙ Built 1941 2 beds 1 baths ∙ 1,330 Sqft ∙ Built 1941
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $3.16
    •  
PROPERTY LISTING DETAILS
Darcy Gamble
Compass
BESbswy