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910 Birch St Montara, CA 94037

4 Beds 3 Baths 2,180 sqft Built 1972

$1,349,000

List Price

$4,590

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $618.81
  • 3 Days on Market
  • MLS # : ML81819124
  • Updated Date : 11/06/2020 at 14:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,180 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Newly remodeled ranch style home in the back of Montara which backs up to open space! 4 spacious bedrooms, 3 full baths with 2 Master Suites. Open floor plan with vaulted beam ceilings in Living room, fireplace, light filled dining area with sliders opening onto a beautiful new large deck perfect for entertaining. Remodeled kitchen with stainless appliances, white cabinetry and quartz countertops. Hardwood floors, laundry closet, 2 car garage.

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

Zip Code: 94037

ZipNIR Market*CityMarket2010Year20002019500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $450k1528k

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

Zip Code: 94037

ZipNIR Market*CityMarket2010Year2000 Q32019 Q22000250030003500400045005000Rent in $15685135

* 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
Farallone View Elementary School Primary Regular 342 13 4
Cunha Intermediate School Middle Regular 745 29 5
Half Moon Bay High School High Regular 1,018 41 8

Farallone View Elementary School

  • Education Level: Primary
  • # of students: 342
  • # of teachers: 13
4
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
 

$1,214,100$1,483,900$1,349,000

PURCHASE PRICE

$4,131$5,049$4,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,590
EXPENSES Loan Payment -$4,977
Property Tax -$1,454
Property Insurance -$80
Property Management Fees -$179
CASH FLOW
-$2,100

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.

$1,349,000

PROJECTED PRICE

$4,590

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 10.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$363,235

INVESTMENT

$363,235

Down Payment
$337,250
Rehab Estimate
$5,750
Closing Costs
$20,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $337,250
Loan Amount $1,011,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$248

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
  • $5,221

    COMP ESTIMATED VALUE
  • $2.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,3003$5,600
$5,600
RENT COMPS ANALYSIS
  • 910 Birch St Montara, CA 1
    • 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 278 Nevada Ave Moss Beach, CA 2
    • 3 beds 3 baths ∙ 1,890 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,890 Sqft ∙ Built 1980
    LEASED 11/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.28
    •  
  • 641 Lancaster Moss Beach, CA 3
    • 5 beds 4 baths ∙ 2,230 Sqft ∙ Built 1976 5 beds 4 baths ∙ 2,230 Sqft ∙ Built 1976
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,600
    • $2.51
    •  
PROPERTY LISTING DETAILS
Lynnette Giusti
Compass
BESbswy