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943 Mouton Cir East Palo Alto, CA 94303

3 Beds 3 Baths 1,820 sqft Built 2000

$1,205,000

List Price

$4,860

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $662.09
  • 2 Days on Market
  • MLS # : ML81820362
  • Updated Date : 11/14/2020 at 15:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,820 sqft
  • Baths : 2 full , 1 half
Listing Agent

Intero Real Estate Services

Listing Agent's Description

WOW, THIS IS IT!!!!! Come see our beautiful single family home in the University Park Development of East Palo Alto. Freshly painted interior less than 1 month ago, brand new carpet just installed upstairs on Monday, stainless steel appliances, washer & dryer conveniently located in the upstairs laundry room, granite kitchen counter tops, laminated flooring downstairs, spacious bedrooms with lots of natural light, and a cozy fireplace just in time for winter. Cute outdoor back patio, perfect for entertaining and a private backyard. This home is ready to go and waiting for you! Minutes to Hwy 101, Amazon, Facebook, shopping, dining, parks, too much to mention. Check comps then come see us. This home will NOT be on the market long as we are priced to sell!

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

Neighborhood: Ravenswood Villages

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $307k1525k

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

Neighborhood: Ravenswood Villages

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2180020002200240026002800300032003400360038004000420044004600Rent in $17834791

* 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
Brentwood Academy Primary Regular 532 23 2
Ronald Mcnairacademy Middle Regular 223 10 2
Menlo-atherton High School High Regular 2,158 112 8

Brentwood Academy

  • Education Level: Primary
  • # of students: 532
  • # of teachers: 23
2
GreatSchools Rating

Ronald Mcnairacademy

  • Education Level: Middle
  • # of students: 223
  • # of teachers: 10
2
GreatSchools Rating

Menlo-atherton High School

  • Education Level: High
  • # of students: 2,158
  • # of teachers: 112
8
GreatSchools Rating
 

$1,084,500$1,325,500$1,205,000

PURCHASE PRICE

$4,374$5,346$4,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,860
EXPENSES Loan Payment -$4,446
Property Tax -$1,283
Property Insurance -$71
HOA -$175
Property Management Fees -$190
CASH FLOW
-$1,304

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$1,205,000

PROJECTED PRICE

$4,860

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.84%
Appreciation Year (1-5) 10.3%
Maintenance Year (1-5) 8.00%
Vacancy 4.28%
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-$30k-$20k-$10k$0.0$10k$20k

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$325,075

INVESTMENT

$325,075

Down Payment
$301,250
Rehab Estimate
$5,750
Closing Costs
$18,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,446

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $301,250
Loan Amount $903,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$10,759

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
  • $5,515

    COMP ESTIMATED VALUE
  • $3.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,6003$5,2004$7,300
$7,300
RENT COMPS ANALYSIS
  • 943 Mouton Cir East Palo Alto, CA 1
    • 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Montage Cir East Palo Alto, CA 2
    • 4 beds 3 baths ∙ 2,097 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,097 Sqft ∙ Built 2016
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $2.19
    •  
  • 922 Baines St East Palo Alto, CA 3
    • 4 beds 3 baths ∙ 1,890 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,890 Sqft ∙ Built 2000
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,200
    • $2.75
    •  
  • 843 Paulson Cir Menlo Park, CA 4
    • 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2008
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,300
    • $4.15
    •  
PROPERTY LISTING DETAILS
Olania Castillo
Intero Real Estate Services
BESbswy