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1781 Hemlock Ave San Mateo, CA 94401

3 Beds 2 Baths 1,080 sqft Built 1955

$1,085,000

List Price

$3,590

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
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.

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: 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
 

$976,500$1,193,500$1,085,000

PURCHASE PRICE

$3,231$3,949$3,590

RENT

DOWN PAYMENT
FINANCING

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

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$293,275

INVESTMENT

$293,275

Down Payment
$271,250
Rehab Estimate
$5,750
Closing Costs
$16,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,769

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $271,250
Loan Amount $813,750
See What Happens When You Reinvest Cash Flow

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
$3,590
1$3,5902$3,9003$4,0754$4,3005$4,350
$4,350
RENT COMPS ANALYSIS
  • 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
John Parker
Lyon Re Placerville
BESbswy