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35 Arroyo View Circle Belmont, CA 94002

3 Beds 2 Baths 1,420 sqft Built 1998

$1,499,999

List Price

$4,040

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $1,056.34
  • 7 Days on Market
  • MLS # : ML81825369
  • Updated Date : 01/14/2021 at 20:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,420 sqft
  • Baths : 2 full
Listing Agent

Flyhomes, Inc

Listing Agent's Description

Welcome to Bayview at Belmont! Enter the inviting front porch to this 3br/2ba home with brand new carpets and paint in downstair bedrooms. Upstairs is the kitchen, living room and master suite. Large sunny master suite opens to upper balcony deck with beautiful views of Belmont . Master bath has dual-sink vanity, and a walk-in closet. The backyard is perfect for entertaining and BBQ. Large parking space provides secure parking & extra storage needs. This home boasts a perfect location. Centrally located near award winning schools, hiking trails, parks, Hwy280 & 101, shopping center, and restaurants. Ready to move in, see for yourself what this wonderful home has to offer!

SEE MORE

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: Bayview at Belmont

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700kPrice in $392k1769k

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

Neighborhood: Bayview at Belmont

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q215002000250030003500400045005000Rent in $14895147

* 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
 

$1,349,999$1,649,999$1,499,999

PURCHASE PRICE

$3,636$4,444$4,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,040
EXPENSES Loan Payment -$5,210
Property Tax -$1,576
Property Insurance -$61
HOA -$236
Property Management Fees -$158
CASH FLOW
-$3,201

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.

$1,499,999

PROJECTED PRICE

$4,040

PROJECTED RENT

0.27%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.7%
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$403,250

INVESTMENT

$403,250

Down Payment
$375,000
Rehab Estimate
$5,750
Closing Costs
$22,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,210

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $375,000
Loan Amount $1,124,999
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$117

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,040

    LIST RENT
  • $2.85

    LIST RENT PER SQFT
  • $3,486

    COMP ESTIMATED VALUE
  • $2.46

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,0403$4,400
$4,400
RENT COMPS ANALYSIS
  • 35 Arroyo View Circle Belmont, CA 2
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $4,040
    • $2.85
    •  
  • 2367 Ticonderoga Dr San Mateo, CA 1
    • 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 1978
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.40
    •  
  • 815 Gordon Ave Belmont, CA 3
    • 3 beds 3 baths ∙ 1,750 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,750 Sqft ∙ Built 1981
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $2.51
    •  
PROPERTY LISTING DETAILS
Susanna Dong
Flyhomes, Inc
BESbswy