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101 Northcrest Dr South San Francisco, CA 94080

4 Beds 3 Baths 2,474 sqft Built 2008

$1,529,888

List Price

$4,980

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $618.39
  • 6 Days on Market
  • MLS # : ML81817921
  • Updated Date : 10/30/2020 at 18:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,474 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Bay and Mountain Views from this custom built home in 2008! Wonderfull Terra Bay Village Community. This spacious 4bd/2.5ba with 2474 sf has serene mountain and bay views! Fabulous open floor plan with a curved stairway. The gourmet kitchen flows into the separate formal dining and family room with a gas fireplace. Rich Mahogany hardwood floors throughout the lower level. Elegantly appointed baths with limestone countertops. 2 fireplaces (family room and master bedroom), and rarely seen...ELEVATOR for a quick trip to the upper level! Convenient to shops, schools, and easy access to highway 380/101/280, SFO and Bart.

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: Terrabay

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $392k1383k

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

Neighborhood: Terrabay

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q218002000220024002600280030003200340036003800400042004400Rent in $17464566

* 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
Sunshine Gardens Elementary School Primary Regular 405 17 3
Parkway Heights Middle School Middle Regular 628 28 4
South San Francisco High School High Regular 1,403 58 6

Sunshine Gardens Elementary School

  • Education Level: Primary
  • # of students: 405
  • # of teachers: 17
3
GreatSchools Rating

Parkway Heights Middle School

  • Education Level: Middle
  • # of students: 628
  • # of teachers: 28
4
GreatSchools Rating

South San Francisco High School

  • Education Level: High
  • # of students: 1,403
  • # of teachers: 58
6
GreatSchools Rating
 

$1,376,899$1,682,877$1,529,888

PURCHASE PRICE

$4,482$5,478$4,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,980
EXPENSES Loan Payment -$5,645
Property Tax -$1,438
Property Insurance -$87
HOA -$557
Property Management Fees -$194
CASH FLOW
-$2,941

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.

$1,529,888

PROJECTED PRICE

$4,980

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$411,170

INVESTMENT

$411,170

Down Payment
$382,472
Rehab Estimate
$5,750
Closing Costs
$22,948

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$5,645

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $382,472
Loan Amount $1,147,416
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$17

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
  • $4,899

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,2953$4,895
$4,895
RENT COMPS ANALYSIS
  • 101 Northcrest Dr South San Francisco, CA 1
    • 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 805 La Montagne Pl South San Francisco, CA 2
    • 3 beds 4 baths ∙ 2,170 Sqft ∙ Built 2007 3 beds 4 baths ∙ 2,170 Sqft ∙ Built 2007
    LEASED 06/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,295
    • $1.98
    •  
  • 820 La Montagne Pl South San Francisco, CA 3
    • 3 beds 3 baths ∙ 2,470 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,470 Sqft ∙ Built 2007
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,895
    • $1.98
    •  
PROPERTY LISTING DETAILS
Carmen Miranda
Compass
BESbswy