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170 Centre St Mountain View, CA 94041

3 Beds 3 Baths 1,593 sqft Built 2002

$1,798,000

List Price

$4,580

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $1,128.69
  • 5 Days on Market
  • MLS # : ML81821950
  • Updated Date : 12/03/2020 at 16:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,593 sqft
  • Baths : 2 full , 1 half
Listing Agent

Deleon Realty

Listing Agent's Description

Just moments from the excitement of downtown Mountain View, this beautiful home of nearly 1,600 square feet offers 3 bedrooms, 2.5 bathrooms, and a modern floorplan. An inviting front porch welcomes you, while inside, high ceilings, crown molding, and hardwood floors create a stylish ambiance. Entertain guests in the expansive living room, craft delicious meals in the granite-appointed kitchen, and spend relaxing evenings by the fireplace in the family room. Three bedrooms provide the accommodations, including the large master suite, and one bedroom that easily converts into an office to meet all work-from-home needs. The peaceful backyard offers great space for outdoor enjoyment with a patio and colorful plantings. Adding the finishing touch, this great location is close to top tech companies, major commute routes, and is served by excellent Mountain View schools (buyer to verify eligibility).

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: Old Mountain View

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000kPrice in $411k2109k

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

Neighborhood: Old Mountain View

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000250030003500400045005000Rent in $18015183

* 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
Edith Landels Elementary School Primary Regular 538 22 8
Graham Middle School Middle Regular 781 39 7
Mountain View High School High Regular 1,836 95 9

Edith Landels Elementary School

  • Education Level: Primary
  • # of students: 538
  • # of teachers: 22
8
GreatSchools Rating

Graham Middle School

  • Education Level: Middle
  • # of students: 781
  • # of teachers: 39
7
GreatSchools Rating

Mountain View High School

  • Education Level: High
  • # of students: 1,836
  • # of teachers: 95
9
GreatSchools Rating
 

$1,618,200$1,977,800$1,798,000

PURCHASE PRICE

$4,122$5,038$4,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,580
EXPENSES Loan Payment -$6,634
Property Tax -$1,807
Property Insurance -$66
Property Management Fees -$179
CASH FLOW
-$4,105

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,798,000

PROJECTED PRICE

$4,580

PROJECTED RENT

0.25%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$482,220

INVESTMENT

$482,220

Down Payment
$449,500
Rehab Estimate
$5,750
Closing Costs
$26,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,634

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $449,500
Loan Amount $1,348,500
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$152

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,580

    LIST RENT
  • $2.88

    LIST RENT PER SQFT
  • $4,596

    COMP ESTIMATED VALUE
  • $2.89

    COMP AVG. RENT PER SQFT
Comps Range
$3,575
1$3,5752$4,5003$4,5804$4,7005$4,990
$4,990
RENT COMPS ANALYSIS
  • 170 Centre St Mountain View, CA 3
    • 3 beds 3 baths ∙ 1,593 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,593 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,580
    • $2.88
    •  
  • 972 Belmont Ter 3 Sunnyvale, CA 1
    • 3 beds 3 baths ∙ 1,363 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,363 Sqft ∙ Built 1986
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,575
    • $2.62
    •  
  • 241 Granada Dr Mountain View, CA 2
    • 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 2007
    property image
    LEASED 11/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.50
    •  
  • 331 Deerwood Ct Mountain View, CA 4
    • 3 beds 3 baths ∙ 1,460 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,460 Sqft ∙ Built 1988
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $3.22
    •  
  • 401 Chagall St Mountain View, CA 5
    • 3 beds 4 baths ∙ 1,560 Sqft ∙ Built 2012 3 beds 4 baths ∙ 1,560 Sqft ∙ Built 2012
    property image
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,990
    • $3.20
    •  
PROPERTY LISTING DETAILS
Deleon Team
Deleon Realty
BESbswy