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1732 Nash Dr San Mateo, CA 94401

3 Beds 1 Baths 1,330 sqft Built 1952

$1,375,000

List Price

$3,740

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1952
  • Price/Sqft : $1,033.83
  • 2 Days on Market
  • MLS # : ML81818557
  • Updated Date : 11/02/2020 at 17:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,330 sqft
  • Baths : 1 full
Listing Agent

Multisource

Listing Agent's Description

Recently remodeled 1330 sq ft home shows like a model home. Ultramodern stone fireplace, beautifully redone kitchen with S/S appliances and Quartz countertops. All new professionally done landscaping front and rear. New 30 year roof, tankless water heaters and separate parking for 4 cars or more. PLUS a 575 ADDITIONAL DWELLING UNIT IN THE BACK Done with permits features a spacious living room kitchen bedroom and bath, all brand new! House is vacant- easy to show / see

SEE MORE

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: South Shoreview

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $357k1432k

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

Neighborhood: South Shoreview

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2180020002200240026002800300032003400360038004000420044004600Rent in $17894696

* 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
Lead Elementary School Primary Magnet 513 22 2
Bayside S.t.e.m. Academy Middle Magnet 625 30 NA
Aragon High School High Regular 1,423 68 9

Lead Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 22
2
GreatSchools Rating

Bayside S.t.e.m. Academy

  • Education Level: Middle
  • # of students: 625
  • # of teachers: 30
NA
GreatSchools Rating

Aragon High School

  • Education Level: High
  • # of students: 1,423
  • # of teachers: 68
9
GreatSchools Rating
 

$1,237,500$1,512,500$1,375,000

PURCHASE PRICE

$3,366$4,114$3,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,740
EXPENSES Loan Payment -$5,073
Property Tax -$1,471
Property Insurance -$59
Property Management Fees -$146
CASH FLOW
-$3,009

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.

$1,375,000

PROJECTED PRICE

$3,740

PROJECTED RENT

0.27%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.61%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$370,125

INVESTMENT

$370,125

Down Payment
$343,750
Rehab Estimate
$5,750
Closing Costs
$20,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,073

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $343,750
Loan Amount $1,031,250
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$81

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,740

    LIST RENT
  • $2.81

    LIST RENT PER SQFT
  • $4,073

    COMP ESTIMATED VALUE
  • $3.06

    COMP AVG. RENT PER SQFT
Comps Range
$3,550
1$3,5502$3,7403$4,1504$4,2005$4,350
$4,350
RENT COMPS ANALYSIS
  • 1732 Nash Dr San Mateo, CA 2
    • 3 beds 1 baths ∙ 1,330 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,330 Sqft ∙ Built 1952
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,740
    • $2.81
    •  
  • 523 N Idaho St San Mateo, CA 1
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1944 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1944
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $2.91
    •  
  • 1531 Dix St San Mateo, CA 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1954
    property image
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $2.96
    •  
  • 1625 Cottage Grove Ave San Mateo, CA 4
    • 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1951
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $3.16
    •  
  • 1816 Byron Ave San Mateo, CA 5
    • 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1952 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1952
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $3.22
    •  
PROPERTY LISTING DETAILS
Scott Brody
Multisource
BESbswy