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447 Sequoia Ave Redwood City, CA 94061

3 Beds 2 Baths 1,810 sqft Built 1967

INVESTimate

$1,649,000

List Price

$5,080

$4,830 - $5,330

Rent Est.

$442,735

Investment Est.

$1,873,099  ( +13.59%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1967
  • Price/Sqft : $911.05
  • 2 Days on Market
  • MLS # : ML81807691
  • Updated Date : 08/25/2020 at 14:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,810 sqft
  • Baths : 2 full
Listing Agent

Dolan Realty Company

Listing Agent's Description

Beautifully updated home in one of Redwood City's most desirable neighborhoods. This lovely single level home has excellent natural light and has been thoughtfully upgraded with designer touches throughout! Stunning custom kitchen with stainless steel appliances, master suite, new windows and sliding doors throughout, and much more! Truly turnkey and ready to be your wonderful new home.

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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: Selby Acres

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000k2200kPrice in $445k2303k

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

Neighborhood: Selby Acres

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q220002500300035004000450050005500Rent in $17055662

* 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
Selby Lane Elementary School Primary Regular 729 31 5
John F. Kennedy Middle School Middle Regular 728 36 5
Woodside High School High Magnet 1,815 106 7

Selby Lane Elementary School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 31
5
GreatSchools Rating

John F. Kennedy Middle School

  • Education Level: Middle
  • # of students: 728
  • # of teachers: 36
5
GreatSchools Rating

Woodside High School

  • Education Level: High
  • # of students: 1,815
  • # of teachers: 106
7
GreatSchools Rating
 

FINANCIALS

Learn how to read this

$1,484,100$1,813,900$1,649,000

PURCHASE PRICE

$4,572$5,588$5,080

RENT

DOWN PAYMENT
FINANCING
Learn how to read this

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-$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 $5,080
EXPENSES Loan Payment -$6,084
Property Tax -$1,652
Property Insurance -$71
Property Management Fees -$198
CASH FLOW
-$2,925

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.

$1,649,000

PROJECTED PRICE

$5,080

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 13.59%
Maintenance Year (1-5) 8.00%
Vacancy 5.92%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$442,735

INVESTMENT

$442,735

Down Payment		 $412,250
Rehab Estimate		 $5,750
Closing Costs		 $24,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,084

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $412,250
Loan Amount $1,236,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$85

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,080

    LIST RENT

  • $2.81

    LIST RENT PER SQFT

  • $5,634

    COMP ESTIMATED VALUE

  • $3.11

    COMP AVG. RENT PER SQFT
Comps Range
$5,080
1$5,0802$5,2003$5,5004$6,0005$6,500
$6,500
RENT COMPS ANALYSIS
  • 447 Sequoia Ave Redwood City, 1
    • 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 1967
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $5,080
    • $2.81
    •  
  • 2145 Woodside Rd Redwood City, 2
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1947
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,200
    • $2.86
    •  
  • 2022 Hampton Ave Redwood City, 3
    • 3 beds 3 baths ∙ 1,890 Sqft ∙ Built 1950 3 beds 3 baths ∙ 1,890 Sqft ∙ Built 1950
    property image
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.91
    •  
  • 2001 Valparaiso Ave Menlo Park, 4
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1947
    property image
    LEASED 03/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $3.43
    •  
  • 307 Santa Clara Avenue Redwood City, 5
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1956 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1956
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $3.25
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Chrissy Kim
Dolan Realty Company

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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