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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1946
- Price/Sqft : $1,175.60
- 7 Days on Market
- MLS # : ML81825289
- Updated Date : 01/11/2021 at 08:53
CONSTRUCTION
- Beds : 4
- Floor Size : 1,697 sqft
- Baths : 3 full
Listing Agent
Golden Gate Sotheby's International Realty
Listing Agent's Description
Recently upgraded with beautiful finishes, this San Mateo home is 'move-in' ready with 4 bedrooms, 3 baths in 1697 sq. ft. (buyer to verify sq. ft.) on a 5,000 sq. ft. lot. A cozy living room with fireplace flows easily into the breakfast nook and kitchen, fully equipped with Jenn-Air and Bosch appliances surrounded by marble countertops. A 2nd level with 2 spacious bedrooms and bathroom leads to a private 'split level' elegant master bedroom and bathroom. An attached ADU of 426 sq.ft. features 1 bedroom and bath, a nicely appointed kitchen with access to both the living room and kitchen. It also opens to the spacious back yard with lawn, orange and lemons trees, perfect for entertainment and relaxation. A single car garage is attached and large enough for storage racks if desired. Situated on Delaware Street, access to San Mateo and Highway 92 makes travel on the Peninsula easy and convenient.
SEE MORE
MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Hayward Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hayward Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,850 |
| EXPENSES | Loan Payment | -$6,929 |
| Property Tax | -$2,134 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$189 | |
|
CASH FLOW
-$4,471
|
||
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.
$1,995,000
PROJECTED PRICE
$4,850
PROJECTED RENT
0.24%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 13.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.61% |
| 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
$534,425
LOAN DETAILS
$6,929
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $498,750 |
| Loan Amount | $1,496,250 |
-0.17
YEARS SAVED
-$197
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,850
LIST RENT -
$2.86
LIST RENT PER SQFT
-
$5,023
COMP ESTIMATED VALUE -
$2.96
COMP AVG. RENT PER SQFT
Comps Range
-
1502 S Delaware St San Mateo, CA 2
- 4 beds 3 baths ∙ 1,697 Sqft ∙ Built 1946 4 beds 3 baths ∙ 1,697 Sqft ∙ Built 1946
- Rent
- Rent Per SQFT
- $4,850
- $2.86
-
234 22nd Ave San Mateo, CA 1
- 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1937 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1937
LEASED 03/29/20- Rent
- Rent Per SQFT
- $4,600
- $2.79
-
1724 Palm Ave San Mateo, CA 3
- 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1934 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1934
LEASED 12/21/20- Rent
- Rent Per SQFT
- $4,950
- $2.93
-
601 Maple St San Mateo, CA 4
- 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1948
LEASED 12/26/20- Rent
- Rent Per SQFT
- $4,990
- $3.18
-
1721 Hamlet St San Mateo, CA 5
- 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1954
LEASED 10/24/20- Rent
- Rent Per SQFT
- $5,000
- $2.94
PROPERTY LISTING DETAILS
Golden Gate Sotheby's International Realty
