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PROPERTY INFO
FACTS
- Single Family
- Built In 1955
- Price/Sqft : $1,004.63
- 3 Days on Market
- MLS # : ML81825913
- Updated Date : 01/15/2021 at 08:28
CONSTRUCTION
- Beds : 3
- Floor Size : 1,080 sqft
- Baths : 2 full
Listing Agent
Lyon Re Placerville
Listing Agent's Description
Make this home your own Oasis. 3 bedroom and 2 bath home (1080 sq. ft. ) with fenced back yard in San Mateo. Yard is ready for you to design your own peaceful place. Two car garage with room to park two cars in the driveway. Home has been updated with a fresh coat of paint inside and out. Double pane windows have been installed create a fresh look and improve your heating/cooling cost as well as a new wall heater. New toilets and bathroom vanities and new tub. Seller has also installed laminate flooring throughout the home. This home is conveniently located near Highway 101 and Highway 92 which provides access to the surrounding communities. Enjoy the best that San Mateo has to offer, including the local parks, schools and shopping.
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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: South Shoreview
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Shoreview
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,590 |
| EXPENSES | Loan Payment | -$3,769 |
| Property Tax | -$1,161 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$140 | |
|
CASH FLOW
-$1,532
|
||
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.
$1,085,000
PROJECTED PRICE
$3,590
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$293,275
LOAN DETAILS
$3,769
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $271,250 |
| Loan Amount | $813,750 |
0.25
YEARS SAVED
$421
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,590
LIST RENT -
$3.32
LIST RENT PER SQFT
-
$3,594
COMP ESTIMATED VALUE -
$3.33
COMP AVG. RENT PER SQFT
Comps Range
-
1781 Hemlock Ave San Mateo, CA 1
- 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1955
- Rent
- Rent Per SQFT
- $3,590
- $3.32
-
1652 Borden St San Mateo, CA 2
- 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1955
LEASED 11/20/20- Rent
- Rent Per SQFT
- $3,900
- $3.39
-
1694 Taylor St San Mateo, CA 3
- 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1954
LEASED 03/17/20- Rent
- Rent Per SQFT
- $4,075
- $3.34
-
1717 Brooks St San Mateo, CA 4
- 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1956
LEASED 08/17/20- Rent
- Rent Per SQFT
- $4,300
- $3.36
-
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
LEASED 08/08/20- Rent
- Rent Per SQFT
- $4,350
- $3.22
PROPERTY LISTING DETAILS
Lyon Re Placerville
