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761 Orange Ave San Carlos, CA 94070

2 Beds 2 Baths 1,208 sqft Built 1942

$1,749,000

List Price

$4,000

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1942
  • Price/Sqft : $1,447.85
  • 2 Days on Market
  • MLS # : ML81821638
  • Updated Date : 11/28/2020 at 18:48
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,208 sqft
  • Baths : 1 full , 1 half
Listing Agent

Kw Peninsula Estates

Listing Agent's Description

Exceptional Howard Park location on one of the best streets in San Carlos! Walking distance to downtown Laurel Street, Burton Park, Central/ Arroyo Schools, and Caltrain. Meandering hardwood floors, lead to a tastefully remodeled open-concept kitchen, and designer bathroom. The spacious sunroom is the perfect retreat to take in the rich colors from the rear yard. The backyard trees provide a canopy of privacy while enjoying a sun-drenched and expansive deck. Architectural plans and renderings are available creating a unique opportunity for future one level expansion and separate accessory dwelling unit. One of the most walkable locations in San Carlos, this lot, and home provide modern amenities for the astute owner-user or investor.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Howard Park

NeighborhoodNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600k1700k1800kPrice in $450k1852k

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

Neighborhood: Howard Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q22000250030003500400045005000Rent in $17255455

* 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
Central Middle School Primary Regular 687 31 10
Central Middle School Middle Regular 687 31 10
Sequoia High School High Regular 2,135 109 6

Central Middle School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 31
10
GreatSchools Rating

Central Middle School

  • Education Level: Middle
  • # of students: 687
  • # of teachers: 31
10
GreatSchools Rating

Sequoia High School

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

$1,574,100$1,923,900$1,749,000

PURCHASE PRICE

$3,600$4,400$4,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,000
EXPENSES Loan Payment -$6,453
Property Tax -$1,884
Property Insurance -$56
Property Management Fees -$156
CASH FLOW
-$4,550

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.

$1,749,000

PROJECTED PRICE

$4,000

PROJECTED RENT

0.23%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 11.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.92%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$469,235

INVESTMENT

$469,235

Down Payment
$437,250
Rehab Estimate
$5,750
Closing Costs
$26,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,453

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $437,250
Loan Amount $1,311,750
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$337

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
  • $4,288

    COMP ESTIMATED VALUE
  • $3.55

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9953$4,2954$4,375
$4,375
RENT COMPS ANALYSIS
  • 761 Orange Ave San Carlos, CA 1
    • 2 beds 2 baths ∙ 1,208 Sqft ∙ Built 1942 2 beds 2 baths ∙ 1,208 Sqft ∙ Built 1942
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1730 Robin Whipple Belmont, CA 2
    • 2 beds 1 baths ∙ 1,100 Sqft ∙ Built 1947 2 beds 1 baths ∙ 1,100 Sqft ∙ Built 1947
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $3.63
    •  
  • 1415 Greenwood Ave San Carlos, CA 3
    • 2 beds 1 baths ∙ 1,240 Sqft ∙ Built 1947 2 beds 1 baths ∙ 1,240 Sqft ∙ Built 1947
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,295
    • $3.46
    •  
  • 1117 Cedar St San Carlos, CA 4
    • 2 beds 1 baths ∙ 1,230 Sqft ∙ Built 1945 2 beds 1 baths ∙ 1,230 Sqft ∙ Built 1945
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,375
    • $3.56
    •  
PROPERTY LISTING DETAILS
Kevin Pickett
Kw Peninsula Estates
BESbswy