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520 6th Ave Menlo Park, CA 94025

3 Beds 2 Baths 1,540 sqft Built 1987

$1,530,000

List Price

$4,680

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $993.51
  • 3 Days on Market
  • MLS # : ML81822206
  • Updated Date : 12/04/2020 at 07:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,540 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Don't miss this darling home in Fair Oaks. Upon entering the front door, you will be welcomed by a private, oversized courtyard, bringing you into the spacious home. The home consists of a master suite with sliding glass door with deck to enjoy the large, low-maintenance backyard. The master suite has a newly remodeled bathroom, two additional bedrooms or WFH space, perfect for today's environment. The eat-in kitchen has been updated and flows into the large fireplace family room with slider to backyard for easy accessibility. The home has newly installed hardwood floors and carpet which set the stage for this home. Come and see this beauty.

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: North Fair Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019400k600k800k1000k1200k1400k1600k1800k2000kPrice in $349k2199k

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

Neighborhood: North Fair Oaks

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q21500200025003000350040004500500055006000Rent in $13106248

* 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
Garfield Elementary Charter School Primary Regular 644 26 2
John F. Kennedy Middle School Middle Regular 728 36 5
Menlo-atherton High School High Regular 2,158 112 8

Garfield Elementary Charter School

  • Education Level: Primary
  • # of students: 644
  • # of teachers: 26
2
GreatSchools Rating

John F. Kennedy Middle School

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

Menlo-atherton High School

  • Education Level: High
  • # of students: 2,158
  • # of teachers: 112
8
GreatSchools Rating
 

$1,377,000$1,683,000$1,530,000

PURCHASE PRICE

$4,212$5,148$4,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,680
EXPENSES Loan Payment -$5,645
Property Tax -$1,601
Property Insurance -$64
Property Management Fees -$183
CASH FLOW
-$2,813

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.

$1,530,000

PROJECTED PRICE

$4,680

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.98%
Appreciation Year (1-5) 11.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.18%
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$411,200

INVESTMENT

$411,200

Down Payment
$382,500
Rehab Estimate
$5,750
Closing Costs
$22,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,645

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $382,500
Loan Amount $1,147,500
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$42

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,680

    LIST RENT
  • $3.04

    LIST RENT PER SQFT
  • $4,687

    COMP ESTIMATED VALUE
  • $3.04

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,6803$5,0004$5,200
$5,200
RENT COMPS ANALYSIS
  • 520 6th Ave Menlo Park, CA 2
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $4,680
    • $3.04
    •  
  • 1672 Kansas St Redwood City, CA 1
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1971
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.24
    •  
  • Roble Ave Menlo Park, CA 3
    • 3 beds 3 baths ∙ 1,323 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,323 Sqft ∙ Built 1981
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $3.78
    •  
  • 1431 San Antonio Ave Menlo Park, CA 4
    • 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 2006
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,200
    • $3.11
    •  
PROPERTY LISTING DETAILS
Stacey Diodati-jamison
Compass
BESbswy