Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

810 S Delaware St San Mateo, CA 94402

2 Beds 1 Baths 1,280 sqft Built 1941

$985,000

List Price

$3,710

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1941
  • Price/Sqft : $769.53
  • 6 Days on Market
  • MLS # : ML81821316
  • Updated Date : 11/24/2020 at 15:39
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,280 sqft
  • Baths : 1 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Great potential - original condition, needs updating and upgrading. Split level floor plan. Hardwood floors throughout, living room with fireplace and separate dining room. Bonus room located close to garage. Roof replaced in 2018. Centrally located.

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: Hayward Park

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $392k1461k

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

Neighborhood: Hayward Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q220002200240026002800300032003400360038004000420044004600Rent in $19974696

* 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
 

$886,500$1,083,500$985,000

PURCHASE PRICE

$3,339$4,081$3,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,710
EXPENSES Loan Payment -$3,634
Property Tax -$1,054
Property Insurance -$58
Property Management Fees -$145
CASH FLOW
-$1,181

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.

$985,000

PROJECTED PRICE

$3,710

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.7%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$266,775

INVESTMENT

$266,775

Down Payment
$246,250
Rehab Estimate
$5,750
Closing Costs
$14,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,634

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $246,250
Loan Amount $738,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$4,070

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
  • $3,712

    COMP ESTIMATED VALUE
  • $2.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$4,1504$4,1505$4,200
$4,200
RENT COMPS ANALYSIS
  • 810 S Delaware St San Mateo, CA 1
    • 2 beds 1 baths ∙ 1,280 Sqft ∙ Built 1941 2 beds 1 baths ∙ 1,280 Sqft ∙ Built 1941
    • 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
    •  
  • 554 S El Camino Real San Mateo, CA 3
    • 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 4
    • 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
    •  
  • 455 Wisnom Ave San Mateo, CA 5
    • 2 beds 1 baths ∙ 1,430 Sqft ∙ Built 1948 2 beds 1 baths ∙ 1,430 Sqft ∙ Built 1948
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.94
    •  
PROPERTY LISTING DETAILS
Chris Molnar
Coldwell Banker Realty
BESbswy