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
151 Trimaran Ct 
Foster City, CA
94404
4 Beds 2 Baths 2,010 sqft
Built 1969
INVESTimate
$1,848,000
List Price
$495,470
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1969
- Price/Sqft : $919.40
- 2 Days on Market
- MLS # : ML81807653
- Updated Date : 08/25/2020 at 10:54
CONSTRUCTION
- Beds : 4
- Floor Size : 2,010 sqft
- Baths : 2 full
Listing Agent
Intero Real Estate Services
Listing Agent's Description
Located on a cul-de-sac in a sought-after neighborhood, this ranch style home is a rare find! Courtyard entrance welcomes you to this well-designed floor plan. Elegant sunken living room with a fireplace and vaulted ceiling is adjacent to the dining area. The kitchen with custom cabinets has a new gas cook top and opens to the family room with its own fireplace and lovely hardwood flooring. Separate wing with 4 bedrooms. The sunken master suite has an updated bath and hardwood floors with private access to the patio. The other three bedrooms are carpeted and spacious. The updated guest bath has a soaking jacuzzi bathtub perfect for relaxation. It is not just the inside that counts, the outdoor space is as comfortable and inviting as the interior! The backyard features a large patio area with pergola and lush greenery creating a perfect setting for a resort-like living. Just a quick stroll to Ketch Park & only minutes from shopping, library & walking trail. Do not miss this opportunity!
SEE MORE
MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Marina Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Marina Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $5,100 |
| EXPENSES | Loan Payment | -$6,818 |
| Property Tax | -$1,721 | |
| Property Insurance | -$76 | |
| Property Management Fees | -$199 | |
|
CASH FLOW
-$3,713
|
||
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.
$1,848,000
PROJECTED PRICE
$5,100
PROJECTED RENT
0.28%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.83% |
| Appreciation Year (1-5) | 11.51% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.92% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$495,470
LOAN DETAILS
$6,818
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $462,000 |
| Loan Amount | $1,386,000 |
-0.08
YEARS SAVED
-$40
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$5,100
LIST RENT -
$2.54
LIST RENT PER SQFT
-
$5,618
COMP ESTIMATED VALUE -
$2.8
COMP AVG. RENT PER SQFT
Comps Range
-
151 Trimaran Ct Foster City, 2
- 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 1969
- Rent
- Rent Per SQFT
- $5,100
- $2.54
-
1339 Marlin Ave Foster City, 1
- 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 1969
LEASED 06/05/20- Rent
- Rent Per SQFT
- $5,000
- $2.59
-
784 Vespucci Ln Foster City, 3
- 4 beds 3 baths ∙ 1,930 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,930 Sqft ∙ Built 1977
LEASED 06/01/20- Rent
- Rent Per SQFT
- $5,400
- $2.80
-
604 San Nicholas Ln Foster City, 4
- 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 1977
LEASED 07/13/20- Rent
- Rent Per SQFT
- $5,500
- $2.93
-
760 Coronado Ln Foster City, 5
- 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 1977
LEASED 01/15/20- Rent
- Rent Per SQFT
- $6,025
- $2.86
PROPERTY LISTING DETAILS
Intero Real Estate Services
