Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1870 Robin Whipple Way Belmont, CA 94002

2 Beds 2 Baths 1,652 sqft Built 1947

$1,799,000

List Price

$4,620

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $1,088.98
  • 28 Days on Market
  • MLS # : ML81823778
  • Updated Date : 01/15/2021 at 21:11
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,652 sqft
  • Baths : 2 full
Listing Agent

Dwell Realtors, Inc.

Listing Agent's Description

On the highly coveted Robin Whipple Way cul de sac, this home welcomes you with refinished hardwood floors & an ideal layout. Two bedrooms are off the main living space & there is a 3rd sleeping/work space in the permitted loft area above the second living space; a perfect set-up for today's work at home needs. The primary suite has a spa-like bathroom w/ heated floors, natural light & soaking tub. The hall bathroom was renovated with marble floors & rain showerhead. Discerning chefs will love the kitchen fashioned w/ real stone Quartzite countertops, ample storage & stainless steel appliances including Thermador 6-burner range & dishwasher. The oversized backyard is a gardeners & entertainers delight with mature fruit trees, large deck, plumbed gas line for a BBQ & lawn area. This neighborhood of Belmont is prized for its proximity to Carlmont Shopping Center, Barrett Community Center, Safeway, public library, hiking trails, parks & highly rated K-12 schools.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$1,619,100$1,978,900$1,799,000

PURCHASE PRICE

$4,158$5,082$4,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,620
EXPENSES Loan Payment -$6,249
Property Tax -$1,930
Property Insurance -$67
Property Management Fees -$180
CASH FLOW
-$3,805

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.

$1,799,000

PROJECTED PRICE

$4,620

PROJECTED RENT

0.26%

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$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$482,485

INVESTMENT

$482,485

Down Payment
$449,750
Rehab Estimate
$5,750
Closing Costs
$26,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,249

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $449,750
Loan Amount $1,349,250
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$167

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,620

    LIST RENT
  • $2.8

    LIST RENT PER SQFT
  • $5,220

    COMP ESTIMATED VALUE
  • $3.16

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,620
$4,620
RENT COMPS ANALYSIS
  • 1870 Robin Whipple Way Belmont, CA 2
    • 2 beds 2 baths ∙ 1,652 Sqft ∙ Built 1947 2 beds 2 baths ∙ 1,652 Sqft ∙ Built 1947
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,620
    • $2.80
    •  
  • 171 31st Ave San Mateo, CA 1
    • 2 beds 1 baths ∙ 1,330 Sqft ∙ Built 1941 2 beds 1 baths ∙ 1,330 Sqft ∙ Built 1941
    property image
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $3.16
    •  
PROPERTY LISTING DETAILS
Alana Corso
Dwell Realtors, Inc.
BESbswy