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419 Pope St 
Menlo Park, CA
94025
2 Beds 1 Baths 960 sqft
Built 1940
INVESTimate
$1,488,000
List Price
$400,070
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PROPERTY INFO
FACTS
- Built In 1940
- Price/Sqft : $1,550.00
- 3 Days on Market
- MLS # : ML81807282
- Updated Date : 08/24/2020 at 09:10
CONSTRUCTION
- Beds : 2
- Floor Size : 960 sqft
- Baths : 1 full
Listing Agent
Deleon Realty
Listing Agent's Description
Boasting a great location that puts everything Silicon Valley has to offer within easy reach, this 2-bedroom, 1-bathroom home is brimming with intrinsic charm and presents incredible opportunity. A white picket fence welcomes you, while inside, hardwood floors extend through the living room and dining room, and the well-designed kitchen is perfect for the home chef. This great location puts you just steps to Willow Oaks Park, less than a mile to University Avenue, and it is convenient to Stanford University, downtown Menlo Park, Caltrain, and US 101. Plus, children may attend acclaimed schools including Laurel Elementary, Hillview Middle, and Menlo-Atherton High (buyer to verify eligibility).
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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: North Palo Alto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Palo Alto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,440 |
| EXPENSES | Loan Payment | -$5,490 |
| Property Tax | -$2,533 | |
| Property Insurance | -$50 | |
| Property Management Fees | -$173 | |
|
CASH FLOW
-$3,806
|
||
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.
$1,488,000
PROJECTED PRICE
$4,440
PROJECTED RENT
0.30%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.83% |
| Appreciation Year (1-5) | 13.86% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.92% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$400,070
LOAN DETAILS
$5,490
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $372,000 |
| Loan Amount | $1,116,000 |
-0.33
YEARS SAVED
$662
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,440
LIST RENT -
$4.63
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
419 Pope St Menlo Park,
- 2 beds 1 baths ∙ 960 Sqft ∙ Built 1940 2 beds 1 baths ∙ 960 Sqft ∙ Built 1940
- Rent
- Rent Per SQFT
- $4,440
- $4.63
PROPERTY LISTING DETAILS
Deleon Realty
