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763 El Granada Blvd El Granada, CA 94019

3 Beds 2 Baths 3,080 sqft Built 1976

$1,595,000

List Price

$4,730

$4.5K - $5K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $517.86
  • 6 Days on Market
  • MLS # : ML81819807
  • Updated Date : 11/10/2020 at 18:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,080 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

Incredible views!!! This home is must see. With ample square footage for a large family, entertaining, and sunset dinners on your deck. This 0ver 3000 square foot home has an enormous master suite, with a substantial walk in closet, and immense master bathroom. An open floor plan upstairs gives the area a spacious bright feeling. Plenty of windows allow loads of natural light as well as canyon and ocean views from almost every room. This home has tons of possibilities. Schedule an appointment and see this beautiful gem for yourself.

SEE MORE

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

Zip Code: 94019

ZipNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $445k1528k

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

Zip Code: 94019

ZipNIR Market*CityMarket2010Year2000 Q32019 Q215002000250030003500400045005000Rent in $14365135

* 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
El Granada Elementary School Primary Regular 490 22 5
Cunha Intermediate School Middle Regular 745 29 5
Half Moon Bay High School High Regular 1,018 41 8

El Granada Elementary School

  • Education Level: Primary
  • # of students: 490
  • # of teachers: 22
5
GreatSchools Rating

Cunha Intermediate School

  • Education Level: Middle
  • # of students: 745
  • # of teachers: 29
5
GreatSchools Rating

Half Moon Bay High School

  • Education Level: High
  • # of students: 1,018
  • # of teachers: 41
8
GreatSchools Rating
 

$1,435,500$1,754,500$1,595,000

PURCHASE PRICE

$4,257$5,203$4,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,730
EXPENSES Loan Payment -$5,885
Property Tax -$1,541
Property Insurance -$101
Property Management Fees -$184
CASH FLOW
-$2,982

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.

$1,595,000

PROJECTED PRICE

$4,730

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 9.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$428,425

INVESTMENT

$428,425

Down Payment
$398,750
Rehab Estimate
$5,750
Closing Costs
$23,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$5,885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $398,750
Loan Amount $1,196,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$24

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
  • $4,682

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,200
$4,200
RENT COMPS ANALYSIS
  • 763 El Granada Blvd El Granada, CA 1
    • 3 beds 2 baths ∙ 3,080 Sqft ∙ Built 1976 3 beds 2 baths ∙ 3,080 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 614 Valencia Avenue El Granada, CA 2
    • 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 1966
    property image
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.52
    •  
PROPERTY LISTING DETAILS
Jesse England
Exp Realty Of California Inc.
BESbswy