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544 San Benito Avenue 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.

$532,805

Investment Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1941
  • Price/Sqft : $1,334.82
  • 3 Days on Market
  • MLS # : BE40926101
  • Updated Date : 11/13/2020 at 20:40
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
 

FINANCIALS

Learn how to read this

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

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,780
EXPENSES Loan Payment -$7,338
Property Tax -$2,197
Property Insurance -$63
Property Management Fees -$186
CASH FLOW
-$5,005

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

-$327

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,780

    LIST RENT

  • $3.21

    LIST RENT PER SQFT

  • $4,790

    COMP ESTIMATED VALUE

  • $3.22

    COMP AVG. RENT PER SQFT
Comps Range
$3,900
1$3,9002$4,2003$4,4004$4,5005$4,780
$4,780
RENT COMPS ANALYSIS
  • 544 San Benito Avenue Menlo Park, CA 5
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1941 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1941
    • Rent
    • Rent Per SQFT
    •  
    • $4,780
    • $3.21
    •  
  • 1007 Henderson Menlo Park, CA 1
    • 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 2
    • 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 3
    • 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 4
    • 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
LISTING AGENT
Joe Rosa
Bhg Reliance Partners

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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