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1355 Camellia Dr East Palo Alto, CA 94303

5 Beds 3 Baths 2,638 sqft Built 2020

$1,298,888

List Price

$4,930

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $492.38
  • 5 Days on Market
  • MLS # : ML81820731
  • Updated Date : 11/18/2020 at 13:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,638 sqft
  • Baths : 3 full
Listing Agent

Kw Peninsula Estates

Listing Agent's Description

WELCOME HOME! Spanish Style Charm, completely remodeled and addition from studs up. Charming move in ready 2 story 5br 3bath 1 year young home; awaits you. Living area opens up to dining and kitchen with ample space for family gatherings, beautiful high end finishes, efficient gourmet kitchen perfect for the chef in the family. Spacious backyard with fruit trees perfect for BBQ and outdoor entertainment. Home is located in the heart of Silicon Valley, minutes from Facebook, Stanford Hospital/University, Google, Amazon and more. Easy access to highway 101 & Dumbarton Bridge, enjoy the Baylands Trail as your backyard.

SEE MORE

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: Palo Alto Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200kPrice in $291k1220k

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

Neighborhood: Palo Alto Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21400160018002000220024002600280030003200340036003800Rent in $13533804

* 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
Brentwood Academy Primary Regular 532 23 2
Ronald Mcnairacademy Middle Regular 223 10 2
Menlo-atherton High School High Regular 2,158 112 8

Brentwood Academy

  • Education Level: Primary
  • # of students: 532
  • # of teachers: 23
2
GreatSchools Rating

Ronald Mcnairacademy

  • Education Level: Middle
  • # of students: 223
  • # of teachers: 10
2
GreatSchools Rating

Menlo-atherton High School

  • Education Level: High
  • # of students: 2,158
  • # of teachers: 112
8
GreatSchools Rating
 

$1,168,999$1,428,777$1,298,888

PURCHASE PRICE

$4,437$5,423$4,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,930
EXPENSES Loan Payment -$4,792
Property Tax -$1,442
Property Insurance -$91
Property Management Fees -$192
CASH FLOW
-$1,587

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 7% of earned rent to cover both maintenance and periods of vacancy.

$1,298,888

PROJECTED PRICE

$4,930

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 15.9%
Maintenance Year (1-5) 3.00%
Vacancy 4.28%
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-$30k-$20k-$10k$0.0$10k$20k

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$346,205

INVESTMENT

$346,205

Down Payment
$324,722
Rehab Estimate
$2,000
Closing Costs
$19,483

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,792

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $324,722
Loan Amount $974,166
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$6,486

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,930

    LIST RENT
  • $1.87

    LIST RENT PER SQFT
  • $8,072

    COMP ESTIMATED VALUE
  • $3.06

    COMP AVG. RENT PER SQFT
Comps Range
$4,930
1$4,9302$8,500
$8,500
RENT COMPS ANALYSIS
  • 1355 Camellia Dr East Palo Alto, CA 1
    • 5 beds 3 baths ∙ 2,638 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,638 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $4,930
    • $1.87
    •  
  • 2088 Channing Ave Palo Alto, CA 2
    • 4 beds 4 baths ∙ 2,779 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,779 Sqft ∙ Built 2015
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $8,500
    • $3.06
    •  
PROPERTY LISTING DETAILS
Lily Govea
Kw Peninsula Estates
BESbswy