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1840 Newbridge Ave San Mateo, CA 94401

4 Beds 2 Baths 1,490 sqft Built 1950

$1,298,000

List Price

$4,260

$4K - $4.5K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $871.14
  • 2 Days on Market
  • MLS # : ML81825221
  • Updated Date : 01/09/2021 at 21:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,490 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Welcome to 1840 Newbridge Ave San Mateo. This Midcentury home tastefully updated throughout the years features 4 Bedrooms 2 Full baths on an over size lot of 7700 square feet. Open Kitchen with breakfast bar. 4 car detached garage for your auto enthusiast or potential conversion to an accessory dwelling unit for additional income. Minutes to bay trails, kite surfing, Mariners Point Golf Center, Poplar Creek Golf Course and Downtown San Mateo.

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
 

$1,168,200$1,427,800$1,298,000

PURCHASE PRICE

$3,834$4,686$4,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,260
EXPENSES Loan Payment -$4,508
Property Tax -$1,388
Property Insurance -$63
Property Management Fees -$166
CASH FLOW
-$1,866

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.

$1,298,000

PROJECTED PRICE

$4,260

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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

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$349,720

INVESTMENT

$349,720

Down Payment
$324,500
Rehab Estimate
$5,750
Closing Costs
$19,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,508

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $324,500
Loan Amount $973,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$401

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
  • $4,675

    COMP ESTIMATED VALUE
  • $3.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,1503$4,2004$4,3505$4,500
$4,500
RENT COMPS ANALYSIS
  • 1840 Newbridge Ave San Mateo, CA 1
    • 4 beds 2 baths ∙ 1,490 Sqft ∙ Built 1950 4 beds 2 baths ∙ 1,490 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1531 Dix St San Mateo, CA 2
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1954
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $2.96
    •  
  • 1625 Cottage Grove Ave San Mateo, CA 3
    • 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1951
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $3.16
    •  
  • 1816 Byron Ave San Mateo, CA 4
    • 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
    •  
  • 1657 Wolf Dr San Mateo, CA 5
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1956
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $3.21
    •  
PROPERTY LISTING DETAILS
Mitchell Wong
Compass
BESbswy