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458 Helen Dr Millbrae, CA 94030

4 Beds 2 Baths 1,760 sqft Built 1947

$1,548,900

List Price

$4,750

$4.5K - $5K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $880.06
  • 8 Days on Market
  • MLS # : ML81821665
  • Updated Date : 12/05/2020 at 10:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,760 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Covid Compliant. By appointment only with signed and received PEAD Form

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: Meadow Glen

NeighborhoodNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700kPrice in $450k1739k

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

Neighborhood: Meadow Glen

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q22000250030003500400045005000Rent in $18865135

* 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
Green Hills Elementary School Primary Regular 410 17 9
Taylor Middle School Middle Regular 881 40 7
Mills High School High Regular 1,214 56 9

Green Hills Elementary School

  • Education Level: Primary
  • # of students: 410
  • # of teachers: 17
9
GreatSchools Rating

Taylor Middle School

  • Education Level: Middle
  • # of students: 881
  • # of teachers: 40
7
GreatSchools Rating

Mills High School

  • Education Level: High
  • # of students: 1,214
  • # of teachers: 56
9
GreatSchools Rating
 

$1,394,010$1,703,790$1,548,900

PURCHASE PRICE

$4,275$5,225$4,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,750
EXPENSES Loan Payment -$5,715
Property Tax -$1,499
Property Insurance -$70
Property Management Fees -$185
CASH FLOW
-$2,719

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.

$1,548,900

PROJECTED PRICE

$4,750

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 9.7%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$416,209

INVESTMENT

$416,209

Down Payment
$387,225
Rehab Estimate
$5,750
Closing Costs
$23,234

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$5,715

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $387,225
Loan Amount $1,161,675
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$88

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,750

    LIST RENT
  • $2.7

    LIST RENT PER SQFT
  • $4,937

    COMP ESTIMATED VALUE
  • $2.81

    COMP AVG. RENT PER SQFT
Comps Range
$4,400
1$4,4002$4,7503$4,9004$5,3005$5,400
$5,400
RENT COMPS ANALYSIS
  • 458 Helen Dr Millbrae, CA 2
    • 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1947 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1947
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $2.70
    •  
  • 1109 Fernwood Dr Millbrae, CA 1
    • 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1956
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $2.66
    •  
  • 1340 Murchison Dr Millbrae, CA 3
    • 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1961
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $2.77
    •  
  • 20 Queen Anne Ct Millbrae, CA 4
    • 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1951
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,300
    • $3.05
    •  
  • 1467 Madera Way Millbrae, CA 5
    • 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 1964 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 1964
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,400
    • $2.74
    •  
PROPERTY LISTING DETAILS
Jan Corrie
Coldwell Banker Realty
BESbswy