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PROPERTY INFO
FACTS
- Single Family
- Built In 1940
- Price/Sqft : $1,136.08
- 7 Days on Market
- MLS # : ML81821268
- Updated Date : 11/25/2020 at 21:25
CONSTRUCTION
- Beds : 3
- Floor Size : 1,580 sqft
- Baths : 1 full , 1 half
Listing Agent
A.v.r. Realty, Inc.
Listing Agent's Description
Located in the much sought after Easton Addition. Fantastic opportunity! First time on the market since it was built in 1940 (That's 80 years ago) First floor is comprised of the living room with wood burning fireplace, formal dining area with French doors that open out to a very large yard with storage shed. Two bedrooms and a full bath. Kitchen with breakfast nook. The second floor is the master bedroom with a half bath.
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Easton Addition
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Easton Addition
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,610 |
| EXPENSES | Loan Payment | -$6,623 |
| Property Tax | -$1,749 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$180 | |
|
CASH FLOW
-$4,006
|
||
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.
$1,795,000
PROJECTED PRICE
$4,610
PROJECTED RENT
0.26%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.83% |
| Appreciation Year (1-5) | 9.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.92% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$481,425
LOAN DETAILS
$6,623
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $448,750 |
| Loan Amount | $1,346,250 |
-0.17
YEARS SAVED
-$134
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$5,103
COMP ESTIMATED VALUE -
$3.23
COMP AVG. RENT PER SQFT
Comps Range
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1349 Cabrillo Ave Burlingame, CA 1
- 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1940
- Rent
- Rent Per SQFT
- $0
- $0.00
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1411 Cabrillo Ave Burlingame, CA 2
- 3 beds 1 baths ∙ 1,250 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,250 Sqft ∙ Built 1950
LEASED 12/16/19- Rent
- Rent Per SQFT
- $4,300
- $3.44
-
1644 Marco Polo Way Burlingame, CA 3
- 3 beds 1 baths ∙ 1,500 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,500 Sqft ∙ Built 1950
LEASED 07/22/20- Rent
- Rent Per SQFT
- $4,495
- $3.00
-
2221 Davis Dr Burlingame, CA 4
- 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1949
LEASED 04/18/20- Rent
- Rent Per SQFT
- $5,500
- $3.16
-
1112 Lincoln Ave Burlingame, CA 5
- 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1933 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1933
LEASED 10/18/19- Rent
- Rent Per SQFT
- $5,750
- $3.32
PROPERTY LISTING DETAILS
A.v.r. Realty, Inc.
