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3514 Winway Cir San Mateo, CA 94403

4 Beds 2 Baths 1,780 sqft Built 1951

$1,699,000

List Price

$4,830

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1951
  • Price/Sqft : $954.49
  • 5 Days on Market
  • MLS # : ML81818143
  • Updated Date : 11/01/2020 at 11:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,780 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome to this charming home located on a sweet cul-de-sac. Enter into the lovely living room with hardwood floors, large picture window & cozy fireplace. Enjoy the separate dining area for special occasions. The generous Kitchen features stainless steel appliances, wood flrs, & ample storage space. Just off the kitchen is the informal dining area that overlooks the cheerful family room which features plantation shutters & a sliding door that leads to the large outdoor space. The Master Bedroom suite includes 2 closets, new carpeting, recessed lighting and a generous Master bathroom with an oversized tub & separate stall shower. 3 additional bedrooms and one full updated bath round out this charming home. Endless enjoyment of the outdoor space that includes a lovely patio, built-in barbecue area, hot tub & deck and a sprawling lawn, fun for all. Just minutes from the popular Hillsdale Mall, Trader Joe's, schools, library, parks & public trans. Charm, style and space await you!

SEE MORE

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: Westwood

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $392k1665k

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

Neighborhood: Westwood

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q22200240026002800300032003400360038004000420044004600Rent in $20864696

* 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
Laurel Elementary School Primary Regular 517 23 4
Abbott Middle School Middle Magnet 802 38 5

Laurel Elementary School

  • Education Level: Primary
  • # of students: 517
  • # of teachers: 23
4
GreatSchools Rating

Abbott Middle School

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

$1,529,100$1,868,900$1,699,000

PURCHASE PRICE

$4,347$5,313$4,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,830
EXPENSES Loan Payment -$6,269
Property Tax -$1,817
Property Insurance -$70
Property Management Fees -$188
CASH FLOW
-$3,514

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.

$1,699,000

PROJECTED PRICE

$4,830

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.6%
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$6.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$455,985

INVESTMENT

$455,985

Down Payment
$424,750
Rehab Estimate
$5,750
Closing Costs
$25,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$6,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $424,750
Loan Amount $1,274,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$56

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,830

    LIST RENT
  • $2.71

    LIST RENT PER SQFT
  • $5,029

    COMP ESTIMATED VALUE
  • $2.82

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,8003$4,8304$5,5005$6,200
$6,200
RENT COMPS ANALYSIS
  • 3514 Winway Cir San Mateo, CA 3
    • 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $4,830
    • $2.71
    •  
  • 271 W 40th Ave San Mateo, CA 1
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1941 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1941
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.56
    •  
  • 765 Sequoia Ave San Mateo, CA 2
    • 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
    •  
  • 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
    •  
  • 724 27th Ave San Mateo, CA 5
    • 4 beds 3 baths ∙ 1,947 Sqft ∙ Built 1953 4 beds 3 baths ∙ 1,947 Sqft ∙ Built 1953
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,200
    • $3.18
    •  
PROPERTY LISTING DETAILS
Arlene Sullivan
Coldwell Banker Realty
BESbswy