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1349 Cabrillo Ave Burlingame, CA 94010

3 Beds 2 Baths 1,580 sqft Built 1940

$1,795,000

List Price

$4,610

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

November 24, 2020 RECENTLY ADDED
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

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000k2200k2400kPrice in $450k2584k

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

Neighborhood: Easton Addition

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q230003500400045005000550060006500Rent in $26516933

* 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
Roosevelt Elementary School Primary Regular 338 15 7
Burlingame Intermediate School Middle Regular 1,004 46 9
Burlingame High School High Regular 1,316 64 10

Roosevelt Elementary School

  • Education Level: Primary
  • # of students: 338
  • # of teachers: 15
7
GreatSchools Rating

Burlingame Intermediate School

  • Education Level: Middle
  • # of students: 1,004
  • # of teachers: 46
9
GreatSchools Rating

Burlingame High School

  • Education Level: High
  • # of students: 1,316
  • # of teachers: 64
10
GreatSchools Rating
 

$1,615,500$1,974,500$1,795,000

PURCHASE PRICE

$4,149$5,071$4,610

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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$481,425

INVESTMENT

$481,425

Down Payment
$448,750
Rehab Estimate
$5,750
Closing Costs
$26,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $448,750
Loan Amount $1,346,250
See What Happens When You Reinvest Cash Flow

-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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $5,103

    COMP ESTIMATED VALUE
  • $3.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,3003$4,4954$5,5005$5,750
$5,750
RENT COMPS ANALYSIS
  • 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
    •  
  • 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
Sally Navarro
A.v.r. Realty, Inc.
BESbswy