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1828 Oak Knoll Dr Belmont, CA 94002

4 Beds 3 Baths 2,470 sqft Built 1966

$1,850,000

List Price

$5,470

$5.2K - $5.7K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1966
  • Price/Sqft : $748.99
  • 3 Days on Market
  • MLS # : ML81816837
  • Updated Date : 11/07/2020 at 19:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,470 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dwell Realtors, Inc.

Listing Agent's Description

Stunning views from this lovely home in the Belmont Hills. The entry level features spacious eat-in kitchen, separate family room and living room, updated half bath, private front patio great for outdoor dining and play area for kids. The back balcony has sweeping canyon and bay views. Lower level features 4 large bedrooms including a huge master suite, updated hall bath and large laundry room. Below the bedroom level is a studio ADU w/private entry including kitchen, full bath & washer/dryer in large adjacent storage room. This home has plenty of space for working and school from home. Quiet neighborhood and top-rated Belmont schools! Close to shopping and easy access to highways.

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: Central

NeighborhoodNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700kPrice in $450k1769k

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

Neighborhood: Central

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q22000250030003500400045005000Rent in $17085286

* 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
Ralston Middle School Middle Regular 1,130 49 9
Carlmont High School High Regular 2,183 107 9

Ralston Middle School

  • Education Level: Middle
  • # of students: 1,130
  • # of teachers: 49
9
GreatSchools Rating

Carlmont High School

  • Education Level: High
  • # of students: 2,183
  • # of teachers: 107
9
GreatSchools Rating
 

$1,665,000$2,035,000$1,850,000

PURCHASE PRICE

$4,923$6,017$5,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,470
EXPENSES Loan Payment -$6,826
Property Tax -$1,984
Property Insurance -$87
Property Management Fees -$213
CASH FLOW
-$3,640

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.

$1,850,000

PROJECTED PRICE

$5,470

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.92%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$496,000

INVESTMENT

$496,000

Down Payment
$462,500
Rehab Estimate
$5,750
Closing Costs
$27,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $462,500
Loan Amount $1,387,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$34

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $5,953

    COMP ESTIMATED VALUE
  • $2.41

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,5003$5,8004$6,3005$6,850
$6,850
RENT COMPS ANALYSIS
  • 1828 Oak Knoll Dr Belmont, CA 1
    • 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 237 42nd Ave San Mateo, CA 2
    • 4 beds 2 baths ∙ 2,260 Sqft ∙ Built 1955 4 beds 2 baths ∙ 2,260 Sqft ∙ Built 1955
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.43
    •  
  • 177 Barford Ave San Carlos, CA 3
    • 3 beds 2 baths ∙ 2,470 Sqft ∙ Built 1964 3 beds 2 baths ∙ 2,470 Sqft ∙ Built 1964
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,800
    • $2.35
    •  
  • 2211 Ewell Rd Belmont, CA 4
    • 5 beds 3 baths ∙ 2,630 Sqft ∙ Built 1958 5 beds 3 baths ∙ 2,630 Sqft ∙ Built 1958
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,300
    • $2.40
    •  
  • 1907 Oak Knoll Dr Belmont, CA 5
    • 4 beds 4 baths ∙ 2,779 Sqft ∙ Built 1956 4 beds 4 baths ∙ 2,779 Sqft ∙ Built 1956
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,850
    • $2.46
    •  
PROPERTY LISTING DETAILS
Alison Williams
Dwell Realtors, Inc.
BESbswy