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1841 Robin Whipple Way Belmont, CA 94002

2 Beds 1 Baths 1,010 sqft Built 1947

$1,300,000

List Price

$3,560

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $1,287.13
  • 3 Days on Market
  • MLS # : ML81821558
  • Updated Date : 11/27/2020 at 17:24
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,010 sqft
  • Baths : 1 full
Listing Agent

Compass

Listing Agent's Description

One of the most delightful cul-de-sac locations in Belmont! This property offers you the choice to make the home yours as it is or make it your dream home. A charming 1947 home with trim details also offers an indoor/outdoor orientation that makes full use of the front and back yards. A bonus room over the garage was added by the previous owner and provides that extra touch for storage, projects, play, or a home office. Additionally, a greenhouse was constructed in the backyard that can be adapted easily to your needs. The built-in grill and deck will be the site of entertaining in the years to come. Come and see this delightful home, yard, and street to find out how you might make this one yours. At this time you will see the neighborhood in full autumn color.

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: Belmont Park

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000k2200k2400k2600k2800k3000k3200kPrice in $450k3361k

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

Neighborhood: Belmont Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q220002500300035004000450050005500600065007000750080008500Rent in $15378661

* 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
 

$1,170,000$1,430,000$1,300,000

PURCHASE PRICE

$3,204$3,916$3,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,560
EXPENSES Loan Payment -$4,796
Property Tax -$1,394
Property Insurance -$52
Property Management Fees -$139
CASH FLOW
-$2,821

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.

$1,300,000

PROJECTED PRICE

$3,560

PROJECTED RENT

0.27%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.17%
Appreciation Year (1-5) 10.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.37%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$350,250

INVESTMENT

$350,250

Down Payment
$325,000
Rehab Estimate
$5,750
Closing Costs
$19,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,796

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $325,000
Loan Amount $975,000
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$111

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,560

    LIST RENT
  • $3.52

    LIST RENT PER SQFT
  • $3,560

    COMP ESTIMATED VALUE
  • $3.53

    COMP AVG. RENT PER SQFT
Comps Range
$3,495
1$3,4952$3,5603$3,9004$3,9955$4,000
$4,000
RENT COMPS ANALYSIS
  • 1841 Robin Whipple Way Belmont, CA 2
    • 2 beds 1 baths ∙ 1,010 Sqft ∙ Built 1947 2 beds 1 baths ∙ 1,010 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $3,560
    • $3.52
    •  
  • 906 Academy Belmont, CA 1
    • 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1964 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1964
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $3.50
    •  
  • Paloma Ave Belmont, CA 3
    • 2 beds 1 baths ∙ 1,090 Sqft ∙ Built 1929 2 beds 1 baths ∙ 1,090 Sqft ∙ Built 1929
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $3.58
    •  
  • 1730 Robin Whipple Belmont, CA 4
    • 2 beds 1 baths ∙ 1,100 Sqft ∙ Built 1947 2 beds 1 baths ∙ 1,100 Sqft ∙ Built 1947
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $3.63
    •  
  • 321 42nd Ave San Mateo, CA 5
    • 2 beds 2 baths ∙ 1,180 Sqft ∙ Built 1949 2 beds 2 baths ∙ 1,180 Sqft ∙ Built 1949
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $3.39
    •  
PROPERTY LISTING DETAILS
Linda Scheifler Marks
Compass
BESbswy