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720 Birch Ave San Mateo, CA 94402

2 Beds 2 Baths 1,330 sqft Built 1946

$1,200,000

List Price

$3,930

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
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.

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: Sunnybrae

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $392k1523k

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

Neighborhood: Sunnybrae

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q220002200240026002800300032003400360038004000420044004600Rent in $18934696

* 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
Sunnybrae Elementary School Primary Magnet 527 23 2
Borel Middle School Middle Magnet 958 43 6
Aragon High School High Regular 1,423 68 9

Sunnybrae Elementary School

  • Education Level: Primary
  • # of students: 527
  • # of teachers: 23
2
GreatSchools Rating

Borel Middle School

  • Education Level: Middle
  • # of students: 958
  • # of teachers: 43
6
GreatSchools Rating

Aragon High School

  • Education Level: High
  • # of students: 1,423
  • # of teachers: 68
9
GreatSchools Rating
 

$1,080,000$1,320,000$1,200,000

PURCHASE PRICE

$3,537$4,323$3,930

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$323,750

INVESTMENT

$323,750

Down Payment
$300,000
Rehab Estimate
$5,750
Closing Costs
$18,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $300,000
Loan Amount $900,000
See What Happens When You Reinvest Cash Flow

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
$0
1$02$3,4003$3,9504$4,1505$4,150
$4,150
RENT COMPS ANALYSIS
  • 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
Glenn Sennett
Coldwell Banker Realty
BESbswy