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3327 Countryside Dr San Mateo, CA 94403

3 Beds 2 Baths 1,880 sqft Built 1963

$1,950,000

List Price

$5,080

$4.8K - $5.3K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $1,037.23
  • 5 Days on Market
  • MLS # : ML81819872
  • Updated Date : 11/13/2020 at 16:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,880 sqft
  • Baths : 2 full
Listing Agent

Beale Properties

Listing Agent's Description

Welcome to this wonderful home located in one of San Mateo's most sought after neighborhoods. This beautiful 3BD, 2BA home is located in the heart of the peninsula, on a quiet street & is move-in ready. Gorgeous kitchen w/newly updated appliances. Family room & spacious dining area w/beautiful wood floors. Huge master bed & bath, w/walk in closet & sliding doors that open up to the private & serene backyard. Relax in the hot tub or entertain w/plenty of space for an outdoor BBQ. Both front & back yards are stunning, fully landscaped & on water saving drip systems. Perched on a sunny lot this 1,880 sq. ft. home is loaded w/potential. Near Laurelwood Shopping Center, Laurelwood Park, College of San Mateo and Highway 92, this property is ideally located. It's within 2 miles of Hillsdale Shopping Center & Peninsula Golf & Country Club, & 3.5 miles of Downtown San Mateo. For Bay Area commuters, it's midway between S.F. & Silicon Valley, East Bay & the coast, & offers easy access to SFO.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Laurelwood

NeighborhoodNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700k1800kPrice in $438k1875k

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

Neighborhood: Laurelwood

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q22200240026002800300032003400360038004000420044004600480050005200Rent in $21875226

* 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
Highlands Elementary School Primary Regular 606 24 7
Abbott Middle School Middle Magnet 802 38 5

Highlands Elementary School

  • Education Level: Primary
  • # of students: 606
  • # of teachers: 24
7
GreatSchools Rating

Abbott Middle School

  • Education Level: Middle
  • # of students: 802
  • # of teachers: 38
5
GreatSchools Rating
 

$1,755,000$2,145,000$1,950,000

PURCHASE PRICE

$4,572$5,588$5,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,080
EXPENSES Loan Payment -$7,195
Property Tax -$2,046
Property Insurance -$73
Property Management Fees -$198
CASH FLOW
-$4,431

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.

$1,950,000

PROJECTED PRICE

$5,080

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 10.0%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$522,500

INVESTMENT

$522,500

Down Payment
$487,500
Rehab Estimate
$5,750
Closing Costs
$29,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$7,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $487,500
Loan Amount $1,462,500
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$175

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,080

    LIST RENT
  • $2.7

    LIST RENT PER SQFT
  • $5,358

    COMP ESTIMATED VALUE
  • $2.85

    COMP AVG. RENT PER SQFT
Comps Range
$4,800
1$4,8002$5,0803$5,5004$5,5005$5,500
$5,500
RENT COMPS ANALYSIS
  • 3327 Countryside Dr San Mateo, CA 2
    • 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $5,080
    • $2.70
    •  
  • 765 Sequoia Ave San Mateo, CA 1
    • 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1950
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $2.62
    •  
  • 1533 De Anza Blvd San Mateo, CA 3
    • 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 1980
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.66
    •  
  • 2607 Mason Ln San Mateo, CA 4
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1951
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.94
    •  
  • 2920 Sunset Ter San Mateo, CA 5
    • 3 beds 1 baths ∙ 1,730 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,730 Sqft ∙ Built 1951
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $3.18
    •  
PROPERTY LISTING DETAILS
Richard Beale
Beale Properties
BESbswy