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

151 Trimaran Ct Foster City, CA 94404

4 Beds 2 Baths 2,010 sqft Built 1969

INVESTimate

$1,848,000

List Price

$5,100

$4,850 - $5,350

Rent Est.

$2,060,705  ( +11.51%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1969
  • Price/Sqft : $919.40
  • 2 Days on Market
  • MLS # : ML81807653
  • Updated Date : 08/25/2020 at 10:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,010 sqft
  • Baths : 2 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Located on a cul-de-sac in a sought-after neighborhood, this ranch style home is a rare find! Courtyard entrance welcomes you to this well-designed floor plan. Elegant sunken living room with a fireplace and vaulted ceiling is adjacent to the dining area. The kitchen with custom cabinets has a new gas cook top and opens to the family room with its own fireplace and lovely hardwood flooring. Separate wing with 4 bedrooms. The sunken master suite has an updated bath and hardwood floors with private access to the patio. The other three bedrooms are carpeted and spacious. The updated guest bath has a soaking jacuzzi bathtub perfect for relaxation. It is not just the inside that counts, the outdoor space is as comfortable and inviting as the interior! The backyard features a large patio area with pergola and lush greenery creating a perfect setting for a resort-like living. Just a quick stroll to Ketch Park & only minutes from shopping, library & walking trail. Do not miss this opportunity!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Marina Point

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $384k1617k

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

Neighborhood: Marina Point

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q224002600280030003200340036003800400042004400460048005000Rent in $22955198

* 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
Audubon Elementary School Primary Regular 688 27 7
Bowditch Middle School Middle Regular 998 43 9
San Mateo High School High Regular 1,555 76 7

Audubon Elementary School

  • Education Level: Primary
  • # of students: 688
  • # of teachers: 27
7
GreatSchools Rating

Bowditch Middle School

  • Education Level: Middle
  • # of students: 998
  • # of teachers: 43
9
GreatSchools Rating

San Mateo High School

  • Education Level: High
  • # of students: 1,555
  • # of teachers: 76
7
GreatSchools Rating
 

$1,663,200$2,032,800$1,848,000

PURCHASE PRICE

$4,590$5,610$5,100

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$6.0M$7.0M

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$7.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,100
EXPENSES Loan Payment -$6,818
Property Tax -$1,721
Property Insurance -$76
Property Management Fees -$199
CASH FLOW
-$3,713

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.

$1,848,000

PROJECTED PRICE

$5,100

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 11.51%
Maintenance Year (1-5) 8.00%
Vacancy 5.92%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$495,470

INVESTMENT

$495,470

Down Payment
$462,000
Rehab Estimate
$5,750
Closing Costs
$27,720

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,818

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $462,000
Loan Amount $1,386,000
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$40

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,100

    LIST RENT
  • $2.54

    LIST RENT PER SQFT
  • $5,618

    COMP ESTIMATED VALUE
  • $2.8

    COMP AVG. RENT PER SQFT
Comps Range
$5,000
1$5,0002$5,1003$5,4004$5,5005$6,025
$6,025
RENT COMPS ANALYSIS
  • 151 Trimaran Ct Foster City, 2
    • 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $5,100
    • $2.54
    •  
  • 1339 Marlin Ave Foster City, 1
    • 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 1969
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.59
    •  
  • 784 Vespucci Ln Foster City, 3
    • 4 beds 3 baths ∙ 1,930 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,930 Sqft ∙ Built 1977
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,400
    • $2.80
    •  
  • 604 San Nicholas Ln Foster City, 4
    • 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 1977
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.93
    •  
  • 760 Coronado Ln Foster City, 5
    • 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 1977
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,025
    • $2.86
    •  
PROPERTY LISTING DETAILS
Kateryna Davydova
Intero Real Estate Services
BESbswy