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2507 Alvin St Mountain View, CA 94043

3 Beds 2 Baths 1,502 sqft Built 1954

$1,999,999

List Price

$4,430

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1954
  • Price/Sqft : $1,331.56
  • 62 Days on Market
  • MLS # : ML81809676
  • Updated Date : 11/07/2020 at 16:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,502 sqft
  • Baths : 2 full
Listing Agent

Intero Real Estate Services

Listing Agent's Description

Priced to Sell. Beautiful remodeled home in desirable Monta Loma neighborhood. Prime Silicon Valley location. Top rated schools - Los Altos High, Move-in-ready, 3 bedroom, 2 bath, Large 2 car garage, additional added family room and library/den, 1,502 sq ft. Newly paved driveway, updated internet ready wiring, upgraded insulation, remodeled kitchen and bathrooms. Upgraded granite flooring in living room and family room. Laminated flooring in all bedrooms. Well manicured patio and garden. Newly landscaped on frontyard. Close to schools and freeways. Please follow most current COVID guidelines.

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: Monta Loma

NeighborhoodNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700k1800kPrice in $411k1844k

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

Neighborhood: Monta Loma

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000250030003500400045005000Rent in $18325183

* 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
Monta Loma Elementary School Primary Regular 472 20 7
Crittenden Middle School Middle Regular 603 31 6
Los Altos High School High Regular 1,920 93 9

Monta Loma Elementary School

  • Education Level: Primary
  • # of students: 472
  • # of teachers: 20
7
GreatSchools Rating

Crittenden Middle School

  • Education Level: Middle
  • # of students: 603
  • # of teachers: 31
6
GreatSchools Rating

Los Altos High School

  • Education Level: High
  • # of students: 1,920
  • # of teachers: 93
9
GreatSchools Rating
 

$1,799,999$2,199,999$1,999,999

PURCHASE PRICE

$3,987$4,873$4,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,430
EXPENSES Loan Payment -$7,379
Property Tax -$2,077
Property Insurance -$63
Property Management Fees -$173
CASH FLOW
-$5,262

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,999,999

PROJECTED PRICE

$4,430

PROJECTED RENT

0.22%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
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$8.0M

PROJECTED ANNUAL CASH FLOW

11530-$80k-$70k-$60k-$50k-$40k-$30k-$20k-$10k$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$6.0M$7.0M$8.0M

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

$7,379

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $500,000
Loan Amount $1,499,999
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$385

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,430

    LIST RENT
  • $2.95

    LIST RENT PER SQFT
  • $4,442

    COMP ESTIMATED VALUE
  • $2.96

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,5003$4,3004$4,4305$5,000
$5,000
RENT COMPS ANALYSIS
  • 2507 Alvin St Mountain View, CA 4
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $4,430
    • $2.95
    •  
  • 4160 Middlefield Rd Palo Alto, CA 1
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1967
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.29
    •  
  • 2561 Mardell Way Mountain View, CA 2
    • 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1958
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.88
    •  
  • 2470 Betlo Mountain View, CA 3
    • 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1970
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $3.54
    •  
  • 207 Sierra Vista Ave Mountain View, CA 5
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1954
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $3.13
    •  
PROPERTY LISTING DETAILS
Gabriel Gancayco
Intero Real Estate Services
BESbswy