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

926 E 5th Ave San Mateo, CA 94402

3 Beds 2 Baths 1,990 sqft Built 1928

$1,849,000

List Price

$5,000

$4.8K - $5.3K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1928
  • Price/Sqft : $929.15
  • 5 Days on Market
  • MLS # : BE40929637
  • Updated Date : 11/18/2020 at 10:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,990 sqft
  • Baths : 2 full
Listing Agent

J. Rockcliff, Realtors

Listing Agent's Description

This home will surprise and delight you at every turn! Thoughtfully and lovingly rebuilt and oozing charm and character, your tour begins in an expansive living room with bay windows. Fantastic bronze capiz chandelier captivates the dining room. Chef's kitchen offers gleaming Silestone countertops, maple cabinetry, large center island with countertop seating, and bonus amenities such as two ovens, and a dishwasher at an ergonomically friendly height. Two bedrooms, a full bath, and generous laundry room complete the main level. Gorgeous and bright master suite offers two closets and a lovely master bath. Huge versatile bonus loft w/Murphy bed included can be a student Home Learning Center, a playroom, a home office, an art studio, exercise room and more! The backyard is an entertainer's dream. Patio and deck are wonderful for al-fresco dining and outdoor living. Spacious detatched garage. So convenient! Fabulous location. Just blocks from shopping and amazing restaurants.

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: Sunnybrae

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $392k1523k

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

Neighborhood: Sunnybrae

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q220002200240026002800300032003400360038004000420044004600Rent in $18934696

* 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
 

$1,664,100$2,033,900$1,849,000

PURCHASE PRICE

$4,500$5,500$5,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,000
EXPENSES Loan Payment -$6,822
Property Tax -$1,991
Property Insurance -$75
Property Management Fees -$195
CASH FLOW
-$4,083

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.

$1,849,000

PROJECTED PRICE

$5,000

PROJECTED RENT

0.27%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.4%
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$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M$7.0M

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$7.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$495,735

INVESTMENT

$495,735

Down Payment
$462,250
Rehab Estimate
$5,750
Closing Costs
$27,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,822

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $462,250
Loan Amount $1,386,750
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$126

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
  • $5,552

    COMP ESTIMATED VALUE
  • $2.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,6003$4,7504$5,7005$6,250
$6,250
RENT COMPS ANALYSIS
  • 926 E 5th Ave San Mateo, CA 1
    • 3 beds 2 baths ∙ 1,990 Sqft ∙ Built 1928 3 beds 2 baths ∙ 1,990 Sqft ∙ Built 1928
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 234 22nd Ave San Mateo, CA 2
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1937 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1937
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $2.79
    •  
  • 1715 Palm Ave San Mateo, CA 3
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1927 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1927
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $2.77
    •  
  • 538 Maple St San Mateo, CA 4
    • 3 beds 3 baths ∙ 2,048 Sqft ∙ Built 1947 3 beds 3 baths ∙ 2,048 Sqft ∙ Built 1947
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,700
    • $2.78
    •  
  • 354 Franklin St San Mateo, CA 5
    • 3 beds 2 baths ∙ 2,220 Sqft ∙ Built 1927 3 beds 2 baths ∙ 2,220 Sqft ∙ Built 1927
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,250
    • $2.82
    •  
PROPERTY LISTING DETAILS
Ross Harris
J. Rockcliff, Realtors
BESbswy