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524 Ruisseau Francais Ave Half Moon Bay, CA 94019

4 Beds 3 Baths 2,557 sqft Built 1976

$1,899,000

List Price

$4,980

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $742.67
  • 33 Days on Market
  • MLS # : ML81823356
  • Updated Date : 01/12/2021 at 14:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,557 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Home Services California Realty

Listing Agent's Description

A Grand Home in every aspect. Quality begins entering through an Impressive Front Door to Grand Entry, Living Room w High Ceilings, Marble Fireplace, Formal Dining Area, Grand Oak Staircase, Family Room: Inlaid Hardwood Flooring, Recessed Lighting, Gas Fireplace, Access to a Dream Yard with Variety of Fruit Trees & Roses. Gourmet Kitchen w/ Top of the Line Appliances, Kitchen Nook, Bay Window, Breakfast Bar, Granite Island & Counter Tops, Sub Zero Double Refrigerator, Pantry, Recessed Lighting, Gleaming Wood Floors. Wine Cellar w Refrigerator. Master Suite w Corner Gas Fireplace, Huge Master Bath with Cathedral Ceilings, Sitting Area, Dual Vanities, Skylights, Sunken Jetted Soaking Tub, Walk-in Tiled shower, Private Commode + Storage Galore. Downstairs End Suite + Beautifully Tiled Full Bath. One Bedroom designed as an Office with a Built-in Wrap around Desk . Laundry Room w XL GE Washer/Dryer. 3 Car Garage & Work Benches w Built-ins, Utility Sink &Tankless Water. HUGE BEAUTIFUL HOME

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 94019

ZipNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $440k1528k

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

Zip Code: 94019

ZipNIR Market*CityMarket2010Year2000 Q32019 Q215002000250030003500400045005000Rent in $14555135

* 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
El Granada Elementary School Primary Regular 490 22 5
Cunha Intermediate School Middle Regular 745 29 5
Half Moon Bay High School High Regular 1,018 41 8

El Granada Elementary School

  • Education Level: Primary
  • # of students: 490
  • # of teachers: 22
5
GreatSchools Rating

Cunha Intermediate School

  • Education Level: Middle
  • # of students: 745
  • # of teachers: 29
5
GreatSchools Rating

Half Moon Bay High School

  • Education Level: High
  • # of students: 1,018
  • # of teachers: 41
8
GreatSchools Rating
 

$1,709,100$2,088,900$1,899,000

PURCHASE PRICE

$4,482$5,478$4,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,980
EXPENSES Loan Payment -$6,596
Property Tax -$1,932
Property Insurance -$89
Property Management Fees -$194
CASH FLOW
-$3,831

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.

$1,899,000

PROJECTED PRICE

$4,980

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 9.1%
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$508,985

INVESTMENT

$508,985

Down Payment
$474,750
Rehab Estimate
$5,750
Closing Costs
$28,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,596

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $474,750
Loan Amount $1,424,250
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$90

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,980

    LIST RENT
  • $1.95

    LIST RENT PER SQFT
  • $5,549

    COMP ESTIMATED VALUE
  • $2.17

    COMP AVG. RENT PER SQFT
Comps Range
$4,980
1$4,9802$5,870
$5,870
RENT COMPS ANALYSIS
  • 524 Ruisseau Francais Ave Half Moon Bay, CA 1
    • 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $4,980
    • $1.95
    •  
  • 2060 Avignon Pl Half Moon Bay, CA 2
    • 5 beds 3 baths ∙ 2,710 Sqft ∙ Built 1973 5 beds 3 baths ∙ 2,710 Sqft ∙ Built 1973
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,870
    • $2.17
    •  
PROPERTY LISTING DETAILS
Beverly Flinn
Berkshire Hathaway Home Services California Realty
BESbswy