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207 Hemlock Ave Redwood City, CA 94061

3 Beds 1 Baths 1,020 sqft Built 1957

$1,295,000

List Price

$3,590

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $1,269.61
  • 5 Days on Market
  • MLS # : ML81820733
  • Updated Date : 11/19/2020 at 16:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,020 sqft
  • Baths : 1 full
Listing Agent

Loayza Real Estate, Inc.

Listing Agent's Description

Gorgeous Home located close to the Silicon Valley with 3 bedrooms and 1 bath. Incomparable started home with Living room with crown molder, kitchen remodeled include Refrigerator and other appliances, laundry area include laundry and washing machine. This beautiful ranch home has a huge backyard with their own well for low maintenance fruit trees, lemon, guava or more.guayaba, and other and rose garden serviced by front and back. Walking distance restaurants, mall, and close to freeway I-101, I-580.

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: Redwood Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $392k1492k

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

Neighborhood: Redwood Oaks

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q215002000250030003500400045005000Rent in $13305138

* 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
Henry Ford Elementary School Primary Regular 426 16 5
John F. Kennedy Middle School Middle Regular 728 36 5
Woodside High School High Magnet 1,815 106 7

Henry Ford Elementary School

  • Education Level: Primary
  • # of students: 426
  • # of teachers: 16
5
GreatSchools Rating

John F. Kennedy Middle School

  • Education Level: Middle
  • # of students: 728
  • # of teachers: 36
5
GreatSchools Rating

Woodside High School

  • Education Level: High
  • # of students: 1,815
  • # of teachers: 106
7
GreatSchools Rating
 

$1,165,500$1,424,500$1,295,000

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 -$4,778
Property Tax -$1,187
Property Insurance -$52
Property Management Fees -$140
CASH FLOW
-$2,567

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.

$1,295,000

PROJECTED PRICE

$3,590

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.9%
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-$45k-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$348,925

INVESTMENT

$348,925

Down Payment
$323,750
Rehab Estimate
$5,750
Closing Costs
$19,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,778

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $323,750
Loan Amount $971,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$10

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
  • $3.52

    LIST RENT PER SQFT
  • $3,279

    COMP ESTIMATED VALUE
  • $3.22

    COMP AVG. RENT PER SQFT
Comps Range
$3,590
1$3,5902$3,6003$4,2004$4,2005$4,200
$4,200
RENT COMPS ANALYSIS
  • 207 Hemlock Ave Redwood City, CA 1
    • 3 beds 1 baths ∙ 1,020 Sqft ∙ Built 1957 3 beds 1 baths ∙ 1,020 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $3,590
    • $3.52
    •  
  • 119 Park St Front Unit Redwood City, CA 2
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1942 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1942
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $3.00
    •  
  • 1605 Fernside St Redwood City, CA 3
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1955
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $3.44
    •  
  • 816 6th Ave Redwood City, CA 4
    • 3 beds 1 baths ∙ 1,270 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,270 Sqft ∙ Built 1948
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $3.31
    •  
  • 1124 Grand St Redwood City, CA 5
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1953
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $3.11
    •  
PROPERTY LISTING DETAILS
Silvano Loayza
Loayza Real Estate, Inc.
BESbswy