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431 Cavanaugh St San Mateo, CA 94401

3 Beds 1 Baths 1,000 sqft Built 1948

INVESTimate

$1,065,000

List Price

$3,290

$3,040 - $3,540

Rent Est.

$1,187,901  ( +11.54%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1948
  • Price/Sqft : $1,065.00
  • 6 Days on Market
  • MLS # : ML81807160
  • Updated Date : 08/23/2020 at 17:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,000 sqft
  • Baths : 1 full
Listing Agent

Compass

Listing Agent's Description

Charming North Shoreview Home and neighborhood in close proximity to the Bay Trail and Poplar Golf Links. Easy freeway access and a short distance to SFO. Beautiful hardwood floors throughout and wonderful natural light captures the essence of this 3 bedroom, 1 bathroom home. Spacious living room with wood burning fireplace flows nicely into the dining area. The kitchen offers plenty of counter space for food prep, highlighted by a stainless steel gas range. Newly painted with fresh, crisp colors adds to the delightful ambience. New Redwood deck brings you out to a spacious backyard, perfect for gatherings with friends and family.

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: North Shoreview

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $348k1432k

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

Neighborhood: North Shoreview

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2180020002200240026002800300032003400360038004000420044004600Rent in $16524696

* 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
Lead Elementary School Primary Magnet 513 22 2
Bayside S.t.e.m. Academy Middle Magnet 625 30 NA
San Mateo High School High Regular 1,555 76 7

Lead Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 22
2
GreatSchools Rating

Bayside S.t.e.m. Academy

  • Education Level: Middle
  • # of students: 625
  • # of teachers: 30
NA
GreatSchools Rating

San Mateo High School

  • Education Level: High
  • # of students: 1,555
  • # of teachers: 76
7
GreatSchools Rating
 

$958,500$1,171,500$1,065,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$3,929
Property Tax -$1,139
Property Insurance -$51
Property Management Fees -$129
CASH FLOW
-$1,959

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.

$1,065,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.98%
Appreciation Year (1-5) 11.54%
Maintenance Year (1-5) 8.00%
Vacancy 6.18%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$287,975

INVESTMENT

$287,975

Down Payment
$266,250
Rehab Estimate
$5,750
Closing Costs
$15,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,929

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $266,250
Loan Amount $798,750
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$22

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,290

    LIST RENT
  • $3.29

    LIST RENT PER SQFT
  • $3,303

    COMP ESTIMATED VALUE
  • $3.3

    COMP AVG. RENT PER SQFT
Comps Range
$3,290
1$3,2902$3,9003$4,3504$4,3705$4,500
$4,500
RENT COMPS ANALYSIS
  • 431 Cavanaugh St San Mateo, 1
    • 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $3.29
    •  
  • 1525 S Grant St San Mateo, 2
    • 3 beds 1 baths ∙ 1,180 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,180 Sqft ∙ Built 1947
    LEASED 03/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $3.31
    •  
  • 1816 Byron Ave San Mateo, 3
    • 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1952 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1952
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $3.22
    •  
  • 1424 S B St Front House San Mateo, 4
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1937 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1937
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,370
    • $3.24
    •  
  • 500 N Idaho St San Mateo, 5
    • 3 beds 1 baths ∙ 1,310 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,310 Sqft ∙ Built 1951
    LEASED 06/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $3.44
    •  
PROPERTY LISTING DETAILS
Brian Dakin
Compass
BESbswy