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2525 Whipple Ave Redwood City, CA 94062

3 Beds 3 Baths 2,134 sqft Built 1975

$1,698,000

List Price

$5,110

$4.9K - $5.4K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $795.69
  • 3 Days on Market
  • MLS # : ML81822336
  • Updated Date : 12/05/2020 at 16:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,134 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Gorgeous updated home in the heart of Redwood City! House is 3b/2b 1,870 sq ft + 264 sq ft permitted detached studio w/full bath, A/C, separate entrance & private patio. Open concept living, hardwood floors, double pane windows, crown moldings, recessed lights, central heating & A/C, tankless water heater, inside laundry, private atrium. Amazing large eat-in kitchen featuring stainless steel appliances incl. refrigerator, granite counters, wine cooler, large island & breakfast bar. Open living room/dining room combo with fireplace and sliding doors to private backyard. Spacious master suite has walk-in closet, ceiling fan & sliders to patio. Beautifully remodeled bathrooms. Detached oversized garage w/240Vplug for EV. Enjoy private fenced rear yard, large patio, fountain & fruit trees. Large finished shed with electricity currently used as gym. Conveniently located close to parks & schools, RC caltrain station 1.4 m, downtown RC 1.5 m, Hwy 280/101, easy commute to High-Tech companies.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Clifford Elementary School Primary Regular 727 31 7
Clifford Elementary School Middle Regular 727 31 7
Sequoia High School High Regular 2,135 109 6

Clifford Elementary School

  • Education Level: Primary
  • # of students: 727
  • # of teachers: 31
7
GreatSchools Rating

Clifford Elementary School

  • Education Level: Middle
  • # of students: 727
  • # of teachers: 31
7
GreatSchools Rating

Sequoia High School

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

$1,528,200$1,867,800$1,698,000

PURCHASE PRICE

$4,599$5,621$5,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,110
EXPENSES Loan Payment -$6,265
Property Tax -$1,557
Property Insurance -$79
Property Management Fees -$199
CASH FLOW
-$2,990

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.

$1,698,000

PROJECTED PRICE

$5,110

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.61%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$455,720

INVESTMENT

$455,720

Down Payment
$424,500
Rehab Estimate
$5,750
Closing Costs
$25,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,265

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $424,500
Loan Amount $1,273,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$103

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
  • $5,116

    COMP ESTIMATED VALUE
  • $2.4

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,7253$5,2004$5,6005$5,850
$5,850
RENT COMPS ANALYSIS
  • 2525 Whipple Ave Redwood City, CA 1
    • 3 beds 3 baths ∙ 2,134 Sqft ∙ Built 1975 3 beds 3 baths ∙ 2,134 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 23 Oakdale St Redwood City, CA 2
    • 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 1982
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,725
    • $2.27
    •  
  • 11 Krista Ln San Carlos, CA 3
    • 3 beds 3 baths ∙ 2,230 Sqft ∙ Built 1972 3 beds 3 baths ∙ 2,230 Sqft ∙ Built 1972
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,200
    • $2.33
    •  
  • 2901 Franciscan Ct San Carlos, CA 4
    • 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 1957 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 1957
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,600
    • $2.46
    •  
  • 2813 Porto Rosa Way San Carlos, CA 5
    • 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 1959 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 1959
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,850
    • $2.53
    •  
PROPERTY LISTING DETAILS
Soly Retter-amarilio
Coldwell Banker Realty
BESbswy