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543 Flynn Ave Redwood City, CA 94063

3 Beds 2 Baths 1,510 sqft Built 1946

$1,310,000

List Price

$4,250

$4K - $4.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $867.55
  • 4 Days on Market
  • MLS # : ML81825904
  • Updated Date : 01/16/2021 at 16:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,510 sqft
  • Baths : 2 full
Listing Agent

Alberts Realty

Listing Agent's Description

This 3/2 family home with attached ADU, lives more like a 4/3. ADU has separate entrance via shared laundry room. You'll love driving down your beautiful tree lined street to your newly installed (2020) redwood fence with automatic gate opening to an expanded driveway accommodating up to 4 cars. This home has such warm curb appeal. These thoughtful additions can be found throughout the home and include; auto sprinklers & drip irrigation in front & back, 100 sqft shed on side of home, garden shed in back, 80 sqft of storage in attic, 4-zone whole house mini split ac/heating system (installed 2019), and centrally located modem. Hardwood floors under the carpet in every room but the master, and new ABS sewer pipes from front of home to street. As for location, its a 20min walk and 5min bike ride to downtown RWC, 5min walk to Costco, Sigonas Farmers Mkt, OSH & 15min walk to Stanford's new RWC campus. This is the family home you've been looking for, set up a viewing ASAP bc it wont last!

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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

Neighborhood: Redwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $330k1433k

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

Neighborhood: Redwood Village

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q215002000250030003500400045005000Rent in $12645138

* 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
Hoover Elementary School Primary Regular 787 32 5
Hoover Elementary School Middle Regular 787 32 5
Sequoia High School High Regular 2,135 109 6

Hoover Elementary School

  • Education Level: Primary
  • # of students: 787
  • # of teachers: 32
5
GreatSchools Rating

Hoover Elementary School

  • Education Level: Middle
  • # of students: 787
  • # of teachers: 32
5
GreatSchools Rating

Sequoia High School

  • Education Level: High
  • # of students: 2,135
  • # of teachers: 109
6
GreatSchools Rating
 

$1,179,000$1,441,000$1,310,000

PURCHASE PRICE

$3,825$4,675$4,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,250
EXPENSES Loan Payment -$4,550
Property Tax -$1,408
Property Insurance -$66
Property Management Fees -$166
CASH FLOW
-$1,940

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.

$1,310,000

PROJECTED PRICE

$4,250

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.98%
Appreciation Year (1-5) 12.7%
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-$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$352,900

INVESTMENT

$352,900

Down Payment
$327,500
Rehab Estimate
$5,750
Closing Costs
$19,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,550

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $327,500
Loan Amount $982,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$185

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
  • $4,943

    COMP ESTIMATED VALUE
  • $3.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9503$4,2004$4,4005$4,900
$4,900
RENT COMPS ANALYSIS
  • 543 Flynn Ave Redwood City, CA 1
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1002 King St Redwood City, CA 2
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1942 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1942
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.78
    •  
  • 1124 Grand St Redwood City, CA 3
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1953
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $3.11
    •  
  • 552 Marsh Rd Menlo Park, CA 4
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1952
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $3.12
    •  
  • 514 Carlos Ave Redwood City, CA 5
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1965
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $3.27
    •  
PROPERTY LISTING DETAILS
Lyn Alberts
Alberts Realty
BESbswy