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

2110 Jefferson Ave Redwood City, CA 94062

2 Beds 1 Baths 1,210 sqft Built 1926

INVESTimate

$1,199,950

List Price

$4,170

$3,920 - $4,420

Rent Est.

$1,312,865  ( +9.41%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1926
  • Price/Sqft : $991.69
  • 2 Days on Market
  • MLS # : ML81807728
  • Updated Date : 08/25/2020 at 16:05
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,210 sqft
  • Baths : 1 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Great opportunity on this large lot - approximately 7500 sq ft! Conveniently located near parks and schools! Don't miss out on this opportunity!

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: Redwood City

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $392k1433k

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

Neighborhood: Redwood City

ZipNIR Market*CityMarket2010Year2000 Q32019 Q220002500300035004000450050005500Rent in $17055971

* 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
John Gill Elementary School Primary Regular 408 16 6
John F. Kennedy Middle School Middle Regular 728 36 5
Sequoia High School High Regular 2,135 109 6

John Gill Elementary School

  • Education Level: Primary
  • # of students: 408
  • # of teachers: 16
6
GreatSchools Rating

John F. Kennedy Middle School

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

Sequoia High School

  • Education Level: High
  • # of students: 2,135
  • # of teachers: 109
6
GreatSchools Rating
 

$1,079,955$1,319,945$1,199,950

PURCHASE PRICE

$3,753$4,587$4,170

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,170
EXPENSES Loan Payment -$4,427
Property Tax -$1,100
Property Insurance -$56
Property Management Fees -$163
CASH FLOW
-$1,576

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.

$1,199,950

PROJECTED PRICE

$4,170

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.41%
Maintenance Year (1-5) 8.00%
Vacancy 5.61%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,737

INVESTMENT

$323,737

Down Payment
$299,988
Rehab Estimate
$5,750
Closing Costs
$17,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,988
Loan Amount $899,963
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$2,747

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,170

    LIST RENT
  • $3.45

    LIST RENT PER SQFT
  • $5,022

    COMP ESTIMATED VALUE
  • $4.15

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,0003$4,1704$4,650
$4,650
RENT COMPS ANALYSIS
  • 2110 Jefferson Ave Redwood City, 3
    • 2 beds 1 baths ∙ 1,210 Sqft ∙ Built 1926 2 beds 1 baths ∙ 1,210 Sqft ∙ Built 1926
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,170
    • $3.45
    •  
  • 1040 Rosewood Avenue San Carlos, 1
    • 2 beds 1 baths ∙ 1,060 Sqft ∙ Built 1940 2 beds 1 baths ∙ 1,060 Sqft ∙ Built 1940
    property image
    LEASED 10/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $3.77
    •  
  • 800 Roosevelt Redwood City, 2
    • 2 beds 1 baths ∙ 960 Sqft ∙ Built 1946 2 beds 1 baths ∙ 960 Sqft ∙ Built 1946
    property image
    LEASED 06/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $4.17
    •  
  • 1525 Greenwood Ave San Carlos, 4
    • 2 beds 1 baths ∙ 1,030 Sqft ∙ Built 1945 2 beds 1 baths ∙ 1,030 Sqft ∙ Built 1945
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,650
    • $4.51
    •  
PROPERTY LISTING DETAILS
David Martz
Coldwell Banker Realty
BESbswy