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2084 San Carlos Ave 
San Carlos, CA
94070
2 Beds 1 Baths 1,020 sqft
Built 1947
INVESTimate
$1,288,000
List Price
$347,070
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PROPERTY INFO
FACTS
- Built In 1947
- Price/Sqft : $1,262.75
- 2 Days on Market
- MLS # : ML81804048
- Updated Date : 08/25/2020 at 17:18
CONSTRUCTION
- Beds : 2
- Floor Size : 1,020 sqft
- Baths : 1 full
Listing Agent
Kw Peninsula Estates
Listing Agent's Description
Welcome to the least expensive single family home in the City of Good Living. This home is close to downtown and on an oversized flat lot allowing for possible expansion and the addition of an ADU. Fantastic opportunity for first time buyer and investors alike. Virtually staged.
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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: Cordes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cordes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,730 |
| EXPENSES | Loan Payment | -$4,752 |
| Property Tax | -$1,388 | |
| Property Insurance | -$52 | |
| Property Management Fees | -$145 | |
|
CASH FLOW
-$2,607
|
||
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.
$1,288,000
PROJECTED PRICE
$3,730
PROJECTED RENT
0.29%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.83% |
| Appreciation Year (1-5) | 12.12% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.92% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$347,070
LOAN DETAILS
$4,752
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $322,000 |
| Loan Amount | $966,000 |
-0.08
YEARS SAVED
-$41
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,730
LIST RENT -
$3.66
LIST RENT PER SQFT
-
$3,677
COMP ESTIMATED VALUE -
$3.61
COMP AVG. RENT PER SQFT
Comps Range
-
2084 San Carlos Ave San Carlos, 1
- 2 beds 1 baths ∙ 1,020 Sqft ∙ Built 1947 2 beds 1 baths ∙ 1,020 Sqft ∙ Built 1947
![property image]()
- Rent
- Rent Per SQFT
- $3,730
- $3.66
-
Paloma Ave Belmont, 2
- 2 beds 1 baths ∙ 1,090 Sqft ∙ Built 1929 2 beds 1 baths ∙ 1,090 Sqft ∙ Built 1929
![property image]()
LEASED 07/16/20- Rent
- Rent Per SQFT
- $3,900
- $3.58
-
1730 Robin Whipple Belmont, 3
- 2 beds 1 baths ∙ 1,100 Sqft ∙ Built 1947 2 beds 1 baths ∙ 1,100 Sqft ∙ Built 1947
![property image]()
LEASED 03/31/20- Rent
- Rent Per SQFT
- $3,995
- $3.63
PROPERTY LISTING DETAILS
Kw Peninsula Estates
