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239 Newbridge Menlo Park, CA 94025

3 Beds 2 Baths 1,130 sqft Built 1951

$1,250,000

List Price

$3,640

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $1,106.19
  • 5 Days on Market
  • MLS # : BE40932573
  • Updated Date : 12/23/2020 at 10:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,130 sqft
  • Baths : 2 full
Listing Agent

Re/max Accord

Listing Agent's Description

Bellhaven Beuty..! A Completely renovated house, Over 200K in upgrades! don't look further and come to visit us and see your self what this stunning house offers: new central a/c system, dual pane windows and all new doors; New engineered wood and tile floor; Green roof: Lowers Energy Costs by 10% to 20%, new tank-less water heater; New Electrical Main Panel and Sub panel including new wiring, new light fixtures with 30 new 4" LED recessed lights, new white decor outlets and switches; new water supply line throughout; New cement on Backyard; new driveway cement, good size backyard, new lawn with new sprinklers systems; new garage door, cement and finished walls; too many upgrades to mention this won't last; Section 1 completed, a mile from Facebook and commute distance to Techs Companies, easy 101 and 84 fwy access, shopping and schools..!

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: Belle Haven

NeighborhoodNIR Market*CityMarket2010Year20002019400k600k800k1000k1200k1400k1600k1800k2000kPrice in $332k2199k

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

Neighborhood: Belle Haven

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q21500200025003000350040004500500055006000Rent in $12556248

* 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
Belle Haven Community School Primary Regular 591 26 2
Belle Haven Community School Middle Regular 591 26 2
Menlo-atherton High School High Regular 2,158 112 8

Belle Haven Community School

  • Education Level: Primary
  • # of students: 591
  • # of teachers: 26
2
GreatSchools Rating

Belle Haven Community School

  • Education Level: Middle
  • # of students: 591
  • # of teachers: 26
2
GreatSchools Rating

Menlo-atherton High School

  • Education Level: High
  • # of students: 2,158
  • # of teachers: 112
8
GreatSchools Rating
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,276$4,004$3,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,640
EXPENSES Loan Payment -$4,612
Property Tax -$1,385
Property Insurance -$54
Property Management Fees -$142
CASH FLOW
-$2,554

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.

$1,250,000

PROJECTED PRICE

$3,640

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.98%
Appreciation Year (1-5) 13.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.18%
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$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$43

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,622

    COMP ESTIMATED VALUE
  • $3.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9003$4,2504$4,4005$4,800
$4,800
RENT COMPS ANALYSIS
  • 239 Newbridge Menlo Park, CA 1
    • 3 beds 2 baths ∙ 1,130 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,130 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1007 Henderson Menlo Park, CA 2
    • 3 beds 1 baths ∙ 1,260 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,260 Sqft ∙ Built 1949
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $3.10
    •  
  • 1115 Madera Ave Menlo Park, CA 3
    • 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1947
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.91
    •  
  • 552 Marsh Rd Menlo Park, CA 4
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1952
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $3.12
    •  
  • 307 Haight St Menlo Park, CA 5
    • 3 beds 1 baths ∙ 1,300 Sqft ∙ Built 1946 3 beds 1 baths ∙ 1,300 Sqft ∙ Built 1946
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $3.69
    •  
PROPERTY LISTING DETAILS
Ana Vasquez
Re/max Accord
BESbswy