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4200 Bettina Ave San Mateo, CA 94403

3 Beds 2 Baths 1,510 sqft Built 1960

$1,678,000

List Price

$4,620

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $1,111.26
  • 4 Days on Market
  • MLS # : ML81818320
  • Updated Date : 11/01/2020 at 14:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,510 sqft
  • Baths : 2 full
Listing Agent

Kw Peninsula Estates

Listing Agent's Description

Enjoy living in this beautifully updated home perched amongst the hills of San Mateo with Bay Views. Walk into this single level home with a spacious Remodeled Kitchen with Dining Area. Enjoy Bay Views while entertaining in the Living Room w/Fireplace. Updated bathrooms, Hardwood Floors, 2 Car Attached Garage, and more.

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: Laurel Heights

NeighborhoodNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700k1800kPrice in $438k1875k

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

Neighborhood: Laurel Heights

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
 

$1,510,200$1,845,800$1,678,000

PURCHASE PRICE

$4,158$5,082$4,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,620
EXPENSES Loan Payment -$6,191
Property Tax -$1,795
Property Insurance -$64
Property Management Fees -$180
CASH FLOW
-$3,610

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.

$1,678,000

PROJECTED PRICE

$4,620

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 11.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.92%
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$450,420

INVESTMENT

$450,420

Down Payment
$419,500
Rehab Estimate
$5,750
Closing Costs
$25,170

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,191

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $419,500
Loan Amount $1,258,500
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$98

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $4,602

    COMP ESTIMATED VALUE
  • $3.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,2003$4,4004$4,5005$4,500
$4,500
RENT COMPS ANALYSIS
  • 4200 Bettina Ave San Mateo, CA 1
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 271 W 40th Ave San Mateo, CA 2
    • 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
    •  
  • 3138 E Laurel Creek Rd Belmont, CA 3
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1973
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $2.97
    •  
  • 1510 Williams Ave Belmont, CA 4
    • 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
    •  
  • 425 31st Ave San Mateo, CA 5
    • 3 beds 1 baths ∙ 1,350 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,350 Sqft ∙ Built 1949
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $3.33
    •  
PROPERTY LISTING DETAILS
Susan Berry
Kw Peninsula Estates
BESbswy