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4100 Alameda De Las Pulgas San Mateo, CA 94403

5 Beds 3 Baths 2,250 sqft Built 1953

INVESTimate

$1,998,000

List Price

$5,400

$5,150 - $5,650

Rent Est.

$2,152,845  ( +7.75%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1953
  • Price/Sqft : $888.00
  • 2 Days on Market
  • MLS # : ML81806974
  • Updated Date : 08/25/2020 at 17:14
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,250 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Step into this oasis and prepare to be impressed with elegant yet comfortable details. The gorgeous great room boasts high ceilings, a gas insert fireplace and a sunny dining room with sliding glass doors to the gorgeous backyard. The dining room opens to the updated chefs kitchen which features stainless steel appliances and granite counters. All three of these rooms have gleaming hardwood floors and crown molding. There are 5 bedrooms with fresh carpeting including 2 primary suites with full bathrooms, plus a full hall bathroom off the hallway and a washer/dryer closet. The backyard is extraordinarily beautiful with lush foliage, multi-level decks and a pollinator-attracting garden with butterflies galore. 2-car garage, air conditioning, dual pane windows. This home is a rare find.

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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: San Mateo Knolls

NeighborhoodNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700kPrice in $438k1743k

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

Neighborhood: San Mateo Knolls

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2220024002600280030003200340036003800400042004400460048005000Rent in $21875135

* 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
 

$1,798,200$2,197,800$1,998,000

PURCHASE PRICE

$4,860$5,940$5,400

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$6.0M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,400
EXPENSES Loan Payment -$7,372
Property Tax -$2,137
Property Insurance -$81
Property Management Fees -$211
CASH FLOW
-$4,401

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.

$1,998,000

PROJECTED PRICE

$5,400

PROJECTED RENT

0.27%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 7.75%
Maintenance Year (1-5) 8.00%
Vacancy 5.92%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$535,220

INVESTMENT

$535,220

Down Payment
$499,500
Rehab Estimate
$5,750
Closing Costs
$29,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$7,372

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $499,500
Loan Amount $1,498,500
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$150

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,400

    LIST RENT
  • $2.4

    LIST RENT PER SQFT
  • $5,844

    COMP ESTIMATED VALUE
  • $2.6

    COMP AVG. RENT PER SQFT
Comps Range
$5,250
1$5,2502$5,4003$5,5004$5,8005$5,800
$5,800
RENT COMPS ANALYSIS
  • 4100 Alameda De Las Pulgas San Mateo, 2
    • 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 1953 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $5,400
    • $2.40
    •  
  • 2748 Waltham Cross St Belmont, 1
    • 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 1968 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 1968
    LEASED 08/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $2.61
    •  
  • 237 42nd Ave San Mateo, 3
    • 4 beds 2 baths ∙ 2,260 Sqft ∙ Built 1955 4 beds 2 baths ∙ 2,260 Sqft ∙ Built 1955
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.43
    •  
  • 1416 Yew St San Mateo, 4
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1973
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,800
    • $2.79
    •  
  • 1212 31st Avenue San Mateo, 5
    • 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1959 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1959
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,800
    • $2.56
    •  
PROPERTY LISTING DETAILS
Holly Noto
Coldwell Banker Realty
BESbswy