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3932 Donner St San Mateo, CA 94403

3 Beds 2 Baths 1,290 sqft Built 1950

INVESTimate

$1,398,000

List Price

$4,250

$4,000 - $4,500

Rent Est.

$1,560,727  ( +11.64%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1950
  • Price/Sqft : $1,083.72
  • 5 Days on Market
  • MLS # : ML81807373
  • Updated Date : 08/22/2020 at 10:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,290 sqft
  • Baths : 1 full , 1 half
Listing Agent

Redfin

Listing Agent's Description

Charming Westwood Knolls San Mateo home with a detached studio unit. Fully remodeled and upgraded kitchen with designer cabinetry, granite countertops, stone mosaic tile, and porcelain tile flooring. Fully remodeled bathroom. Hardwood floors, large bedrooms, double pane windows, copper plumbing, and much more. Conveniently located for commute to Peninsula, Silicon Valley, or San Francisco. Walking distance to Trader Joe's, Molly Stone, and newly expanded Hillsdale Mall. Work from home in the separate cottage or relax on the paver patio under the mature redwood trees of the large landscaped yard. Easy access to 101 & 280, schools, public transportation, & BART.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Mulryan Place

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $392k1485k

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

Neighborhood: Mulryan Place

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q220002200240026002800300032003400360038004000420044004600Rent in $19314696

* 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
 

$1,258,200$1,537,800$1,398,000

PURCHASE PRICE

$3,825$4,675$4,250

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,250
EXPENSES Loan Payment -$5,158
Property Tax -$1,495
Property Insurance -$58
Property Management Fees -$166
CASH FLOW
-$2,627

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.

$1,398,000

PROJECTED PRICE

$4,250

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.64%
Maintenance Year (1-5) 8.00%
Vacancy 5.61%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$376,220

INVESTMENT

$376,220

Down Payment
$349,500
Rehab Estimate
$5,750
Closing Costs
$20,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,158

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $349,500
Loan Amount $1,048,500
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$19

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,250

    LIST RENT
  • $3.29

    LIST RENT PER SQFT
  • $4,489

    COMP ESTIMATED VALUE
  • $3.48

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,2503$4,5004$5,0005$5,000
$5,000
RENT COMPS ANALYSIS
  • 3932 Donner St San Mateo, 2
    • 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $3.29
    •  
  • 316 Cupertino Way San Mateo, 1
    • 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1948
    LEASED 04/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $3.52
    •  
  • 1510 Williams Ave Belmont, 3
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1956
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $3.33
    •  
  • 139 Louise Ln San Mateo, 4
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1948
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $3.52
    •  
  • 3610 Branson Dr San Mateo, 5
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1949
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $3.55
    •  
PROPERTY LISTING DETAILS
Alex Sobieski
Redfin
BESbswy