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533 Cambridge St Belmont, CA 94002

3 Beds 1 Baths 1,010 sqft Built 1953

$988,888

List Price

$3,630

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1953
  • Price/Sqft : $979.10
  • 4 Days on Market
  • MLS # : ML81818986
  • Updated Date : 11/06/2020 at 06:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,010 sqft
  • Baths : 1 full
Listing Agent

Compass

Listing Agent's Description

Opportunity knocks! First time on the market in almost 40 years. This classic 3 Bedroom, 1 Bathroom floorplan is situated in the highly desirable Sterling Downs neighborhood and is the best value in Belmont. Endless possibilities abound to update and expand on the generous, flat lot. Top rated schools, easy access to 101 and other freeways and conveniently located to shopping and dining.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Sterling Downs

NeighborhoodNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700kPrice in $433k1769k

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

Neighborhood: Sterling Downs

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q215002000250030003500400045005000Rent in $13765147

* 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
Ralston Middle School Middle Regular 1,130 49 9
Carlmont High School High Regular 2,183 107 9

Ralston Middle School

  • Education Level: Middle
  • # of students: 1,130
  • # of teachers: 49
9
GreatSchools Rating

Carlmont High School

  • Education Level: High
  • # of students: 2,183
  • # of teachers: 107
9
GreatSchools Rating
 

$889,999$1,087,777$988,888

PURCHASE PRICE

$3,267$3,993$3,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,630
EXPENSES Loan Payment -$3,649
Property Tax -$1,101
Property Insurance -$52
Property Management Fees -$142
CASH FLOW
-$1,313

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.

$988,888

PROJECTED PRICE

$3,630

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 9.8%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$267,805

INVESTMENT

$267,805

Down Payment
$247,222
Rehab Estimate
$5,750
Closing Costs
$14,833

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,649

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $247,222
Loan Amount $741,666
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,439

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,341

    COMP ESTIMATED VALUE
  • $3.31

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$4,2004$4,3005$4,500
$4,500
RENT COMPS ANALYSIS
  • 533 Cambridge St Belmont, CA 1
    • 3 beds 1 baths ∙ 1,010 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,010 Sqft ∙ Built 1953
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1028 Springfield Dr San Carlos, CA 2
    • 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1948
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $3.18
    •  
  • 359 Northam Ave San Carlos, CA 3
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1961
    property image
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $3.39
    •  
  • 1515 Solana Dr Belmont, CA 4
    • 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1955
    property image
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $3.33
    •  
  • 1510 Williams Ave Belmont, CA 5
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1956
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $3.33
    •  
PROPERTY LISTING DETAILS
Suzanne Garcia
Compass
BESbswy