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2207 Cipriani Blvd Belmont, CA 94002

5 Beds 3 Baths 2,410 sqft Built 1961

$2,000,000

List Price

$6,420

$6.2K - $6.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $829.88
  • 69 Days on Market
  • MLS # : ML81819705
  • Updated Date : 01/15/2021 at 19:27
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,410 sqft
  • Baths : 3 full
Listing Agent

Economic Concepts

Listing Agent's Description

Enjoy exciting 35'x14' exterior deck entertainment at this awesome SF Bay view home. Three generous bedrooms, 2 full baths, open beamed ceiling living room with marble fireplace and commanding SF Bay views from balcony. Totally remodeled granite kitchen with high end s/s appliances, huge skylight, built in BBQ center breakfast counter and computer work station. Enclosed 19'3"x10'11" (not part of sq.ft.) skylit bonus room opening to secluded rear yard. Below are two additional bedrooms, another fireplace, home office, 25'6"x10'10" study with wet bar and built in cabinets, full bath and laundry. Newly painted "Silver Satin" interior. Large detached 2 car garage with ample storage. Highly acclaimed Cipriani Elementary and Ralston Intermediate. Carlmont Shopping Center and Caltrain only moments away.

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: Cipriani

NeighborhoodNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700kPrice in $450k1794k

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

Neighborhood: Cipriani

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q22000250030003500400045005000Rent in $17085170

* 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
 

$1,800,000$2,200,000$2,000,000

PURCHASE PRICE

$5,778$7,062$6,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $6,420
EXPENSES Loan Payment -$6,947
Property Tax -$2,145
Property Insurance -$85
Property Management Fees -$250
CASH FLOW
-$3,007

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.

$2,000,000

PROJECTED PRICE

$6,420

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 11.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.92%
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$7.0M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$0.0$10k

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$7.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$535,750

INVESTMENT

$535,750

Down Payment
$500,000
Rehab Estimate
$5,750
Closing Costs
$30,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$6,947

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $500,000
Loan Amount $1,500,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$224

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $6,420

    LIST RENT
  • $2.66

    LIST RENT PER SQFT
  • $5,937

    COMP ESTIMATED VALUE
  • $2.46

    COMP AVG. RENT PER SQFT
Comps Range
$5,500
1$5,5002$5,8003$6,3004$6,420
$6,420
RENT COMPS ANALYSIS
  • 2207 Cipriani Blvd Belmont, CA 4
    • 5 beds 3 baths ∙ 2,410 Sqft ∙ Built 1961 5 beds 3 baths ∙ 2,410 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $6,420
    • $2.66
    •  
  • 237 42nd Ave San Mateo, CA 1
    • 4 beds 2 baths ∙ 2,260 Sqft ∙ Built 1955 4 beds 2 baths ∙ 2,260 Sqft ∙ Built 1955
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.43
    •  
  • 1212 31st Avenue San Mateo, CA 2
    • 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1959 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1959
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,800
    • $2.56
    •  
  • 2211 Ewell Rd Belmont, CA 3
    • 5 beds 3 baths ∙ 2,630 Sqft ∙ Built 1958 5 beds 3 baths ∙ 2,630 Sqft ∙ Built 1958
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,300
    • $2.40
    •  
PROPERTY LISTING DETAILS
Michael G Verdone
Economic Concepts
BESbswy