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1307 Birch Ave San Mateo, CA 94402

3 Beds 1 Baths 1,200 sqft Built 1948

INVESTimate

$1,298,000

List Price

$3,770

$3,520 - $4,020

Rent Est.

$1,471,283  ( +13.35%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1948
  • Price/Sqft : $1,081.67
  • 9 Days on Market
  • MLS # : ML81806681
  • Updated Date : 08/22/2020 at 11:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,200 sqft
  • Baths : 1 full
Listing Agent

Redfin

Listing Agent's Description

Nestled in the established Sunnybrae neighborhood of San Mateo. This three bedroom one bath home has been lovingly updated throughout w/ modern updates & traditional charm. Enter in the open living rm w/ wood burning fireplace. Continue into the updated kitchen w/ cesarstone countertops, abundance of cabinets, Bosch SS appliances & eat in dining area. Sun filled home, leveled yard w/ patio, and tranquil landscaping offering quintessential indoor/outdoor living. Three roomy bedrooms includes bedroom with access to the backyard, and one fully remodeled spa like bthrm with shower over tub, radiant floor heating and towel warmers Features: Andersen double pane windows, new tankless water heater, hardwood floors, new water supply, sewer line and drainage piping. Attached 1 car garage w/ laundry area completes this homes charm. Amazingly convenient, sought-after loc. in quiet neighborhood, minutes to parks, schools, Downtown San Mateo shopping, restaurants, HWY 101, SV/ SF & much more!

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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
 

$1,168,200$1,427,800$1,298,000

PURCHASE PRICE

$3,393$4,147$3,770

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

PROJECTED ANNUAL CASH FLOW

11530-$45k-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,770
EXPENSES Loan Payment -$4,789
Property Tax -$1,388
Property Insurance -$56
Property Management Fees -$147
CASH FLOW
-$2,611

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.

$1,298,000

PROJECTED PRICE

$3,770

PROJECTED RENT

0.29%

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$349,720

INVESTMENT

$349,720

Down Payment
$324,500
Rehab Estimate
$5,750
Closing Costs
$19,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $324,500
Loan Amount $973,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$26

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
  • $3,801

    COMP ESTIMATED VALUE
  • $3.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,0753$4,1504$4,2005$4,500
$4,500
RENT COMPS ANALYSIS
  • 1307 Birch Ave San Mateo, 1
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1694 Taylor St San Mateo, 2
    • 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
    •  
  • 1531 Dix St San Mateo, 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1954
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $2.96
    •  
  • 1625 Cottage Grove Ave San Mateo, 4
    • 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1951
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $3.16
    •  
  • 1657 Wolf Dr San Mateo, 5
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1956
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $3.21
    •  
PROPERTY LISTING DETAILS
Lucy Goldenshteyn
Redfin
BESbswy