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544 San Benito Ave Menlo Park, CA 94025

3 Beds 2 Baths 1,490 sqft Built 1941

$1,988,888

List Price

$4,780

$4.5K - $5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1941
  • Price/Sqft : $1,334.82
  • 27 Days on Market
  • MLS # : ML81816510
  • Updated Date : 11/13/2020 at 20:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,490 sqft
  • Baths : 2 full
Listing Agent

Bhg Reliance Partners

Listing Agent's Description

Location/Location/Location,3 bedrooms 2 baths plus additional two bedrooms Located on the edge of Atherton, with local shopping in Menlo Park and Palo Alto. Easy access to Freeways, Excellent Menlo/Atherton Highschool. Close to FB, Google, and many other major companies. Great potential to rebuild, architectural plans almost ready to build a modern design almost 4372 sq ft. with the in-law unit 2 bedrooms and one and half bath house with swimming pool, Huge lot, Survey and soil report are completed.

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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: 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
 

$1,789,999$2,187,777$1,988,888

PURCHASE PRICE

$4,302$5,258$4,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,780
EXPENSES Loan Payment -$7,338
Property Tax -$2,081
Property Insurance -$63
Property Management Fees -$186
CASH FLOW
-$4,888

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.

$1,988,888

PROJECTED PRICE

$4,780

PROJECTED RENT

0.24%

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$6.0M$7.0M

PROJECTED ANNUAL CASH FLOW

11530-$80k-$70k-$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$7.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$532,805

INVESTMENT

$532,805

Down Payment
$497,222
Rehab Estimate
$5,750
Closing Costs
$29,833

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$7,338

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $497,222
Loan Amount $1,491,666
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$282

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
  • $4,790

    COMP ESTIMATED VALUE
  • $3.22

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9003$4,2004$4,4005$4,500
$4,500
RENT COMPS ANALYSIS
  • 544 San Benito Ave Menlo Park, CA 1
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1941 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1941
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1007 Henderson Menlo Park, CA 2
    • 3 beds 1 baths ∙ 1,260 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,260 Sqft ∙ Built 1949
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $3.10
    •  
  • 816 6th Ave Redwood City, CA 3
    • 3 beds 1 baths ∙ 1,270 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,270 Sqft ∙ Built 1948
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $3.31
    •  
  • 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
    •  
  • 1111 17th Ave Redwood City, CA 5
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1947
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $3.33
    •  
PROPERTY LISTING DETAILS
Joe Rosa
Bhg Reliance Partners
BESbswy