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PROPERTY INFO
FACTS
- Single Family
- Built In 1946
- Price/Sqft : $902.26
- 5 Days on Market
- MLS # : ML81822825
- Updated Date : 12/11/2020 at 13:05
CONSTRUCTION
- Beds : 2
- Floor Size : 1,330 sqft
- Baths : 1 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Successor trustee sale....To be sold as is with no disclosures from estate. Amazing opportunity to buy this Spacious split level home in desirable Sunnybrae section of San Mateo! Big 6,050 level lot has room for expansion and or ADU. 2 bedrooms 1.5 baths plus office or laundry room & family room additions. Entertaining living room w/wood burning fireplace. Refinished hardwood flooring, new interior/exterior painting, updated landscaping. Situated in desirable San Mateo community with parks, shopping and schools close by. Downtown nearby for dining and shopping. Highways 92, 100, and 280 within minutes. Aragon school high school district.
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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: Sunnybrae
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunnybrae
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,930 |
| EXPENSES | Loan Payment | -$4,427 |
| Property Tax | -$1,284 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$153 | |
|
CASH FLOW
-$1,994
|
||
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.
$1,200,000
PROJECTED PRICE
$3,930
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 13.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.61% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$323,750
LOAN DETAILS
$4,427
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $300,000 |
| Loan Amount | $900,000 |
0.08
YEARS SAVED
$102
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
-
$3,930
COMP ESTIMATED VALUE -
$2.96
COMP AVG. RENT PER SQFT
Comps Range
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720 Birch Ave San Mateo, CA 1
- 2 beds 2 baths ∙ 1,330 Sqft ∙ Built 1946 2 beds 2 baths ∙ 1,330 Sqft ∙ Built 1946
- Rent
- Rent Per SQFT
- $0
- $0.00
-
920 S Humboldt St San Mateo, CA 2
- 2 beds 1 baths ∙ 1,270 Sqft ∙ Built 1931 2 beds 1 baths ∙ 1,270 Sqft ∙ Built 1931
LEASED 10/30/20- Rent
- Rent Per SQFT
- $3,400
- $2.68
-
2226 Isabelle Ave San Mateo, CA 3
- 2 beds 1 baths ∙ 1,250 Sqft ∙ Built 1938 2 beds 1 baths ∙ 1,250 Sqft ∙ Built 1938
LEASED 02/28/20- Rent
- Rent Per SQFT
- $3,950
- $3.16
-
554 S El Camino Real San Mateo, CA 4
- 2 beds 2 baths ∙ 1,354 Sqft ∙ Built 1946 2 beds 2 baths ∙ 1,354 Sqft ∙ Built 1946
LEASED 07/24/20- Rent
- Rent Per SQFT
- $4,150
- $3.06
-
126 16th Ave San Mateo, CA 5
- 2 beds 1 baths ∙ 1,420 Sqft ∙ Built 1927 2 beds 1 baths ∙ 1,420 Sqft ∙ Built 1927
LEASED 11/02/20- Rent
- Rent Per SQFT
- $4,150
- $2.92
PROPERTY LISTING DETAILS
Coldwell Banker Realty
