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783 Orange Ave San Carlos, CA 94070

2 Beds 1 Baths 1,170 sqft Built 1941

$1,558,888

List Price

$4,000

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1941
  • Price/Sqft : $1,332.38
  • 8 Days on Market
  • MLS # : ML81821677
  • Updated Date : 11/30/2020 at 08:02
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,170 sqft
  • Baths : 1 full
Listing Agent

Dcp Realty- Coastwide Real Estate Inc.

Listing Agent's Description

This Howard Park Gem offers: A completely renovated home with 2 ample sized Bedrooms, 1 beautifully updated Bathroom, Refinished Hardwood Floors, a spacious Kitchen with New Samsung Stainless Steel Appliances and gorgeous Quartz countertops w/ glass tile backsplash and recessed lighting, a cozy Breakfast Nook, a New Deck for outdoor dining with views of the Bay and Mountains!! The lower level has In-Law or income Potential!!! A MUST SEE!!

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: 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
 

$1,402,999$1,714,777$1,558,888

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 -$5,752
Property Tax -$1,680
Property Insurance -$55
Property Management Fees -$156
CASH FLOW
-$3,643

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.

$1,558,888

PROJECTED PRICE

$4,000

PROJECTED RENT

0.26%

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-$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$418,855

INVESTMENT

$418,855

Down Payment
$389,722
Rehab Estimate
$5,750
Closing Costs
$23,383

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,752

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $389,722
Loan Amount $1,169,166
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$171

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
  • $4,154

    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
  • 783 Orange Ave San Carlos, CA 1
    • 2 beds 1 baths ∙ 1,170 Sqft ∙ Built 1941 2 beds 1 baths ∙ 1,170 Sqft ∙ Built 1941
    property image
    • 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
    property image
    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
    property image
    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
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,375
    • $3.56
    •  
PROPERTY LISTING DETAILS
Maria Rhodes
Dcp Realty- Coastwide Real Estate Inc.
BESbswy