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101 Shipley Ave Daly City, CA 94015

3 Beds 2 Baths 1,230 sqft Built 1969

$1,150,000

List Price

$3,630

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $934.96
  • 6 Days on Market
  • MLS # : ML81824701
  • Updated Date : 01/05/2021 at 20:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,230 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Drysdale Pr

Listing Agent's Description

Terrific single family home in desirable Serramonte neighborhood, in popular Daly City! 2-car garage and a large driveway. Impressive 2-story home spanning 1,230 living sq ft upstairs, situated on an abundant 4,205 sq ft corner lot. Home was constructed in 1969. Garage has 2 new garage door openers. Wonderful neighborhood location adjacent to open space. Charming home with iconic Bay Area views. Your impressive new property awaits at 101 Shipley Avenue in Daly City!

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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: Serramonte

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $342k1381k

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

Neighborhood: Serramonte

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q218002000220024002600280030003200340036003800400042004400Rent in $16104566

* 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
Junipero Serra Elementary School Primary Regular 345 16 7
Alta Loma Middle School Middle Regular 746 33 6
El Camino High School High Regular 1,430 59 8

Junipero Serra Elementary School

  • Education Level: Primary
  • # of students: 345
  • # of teachers: 16
7
GreatSchools Rating

Alta Loma Middle School

  • Education Level: Middle
  • # of students: 746
  • # of teachers: 33
6
GreatSchools Rating

El Camino High School

  • Education Level: High
  • # of students: 1,430
  • # of teachers: 59
8
GreatSchools Rating
 

$1,035,000$1,265,000$1,150,000

PURCHASE PRICE

$3,267$3,993$3,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,630
EXPENSES Loan Payment -$3,994
Property Tax -$1,154
Property Insurance -$57
Property Management Fees -$142
CASH FLOW
-$1,716

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.

$1,150,000

PROJECTED PRICE

$3,630

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.7%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$310,500

INVESTMENT

$310,500

Down Payment
$287,500
Rehab Estimate
$5,750
Closing Costs
$17,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,994

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $287,500
Loan Amount $862,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$181

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,630

    LIST RENT
  • $2.95

    LIST RENT PER SQFT
  • $3,613

    COMP ESTIMATED VALUE
  • $2.94

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,6003$3,6004$3,6305$4,250
$4,250
RENT COMPS ANALYSIS
  • 101 Shipley Ave Daly City, CA 4
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,630
    • $2.95
    •  
  • 120 Simpson Dr Daly City, CA 1
    • 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1969 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1969
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.91
    •  
  • 136 Casey Dr South San Francisco, CA 2
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1955
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.77
    •  
  • 198 Canterbury Ave Daly City, CA 3
    • 3 beds 1 baths ∙ 1,170 Sqft ∙ Built 1967 3 beds 1 baths ∙ 1,170 Sqft ∙ Built 1967
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $3.08
    •  
  • 2440 Wexford Ave South San Francisco, CA 5
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1964
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.99
    •  
PROPERTY LISTING DETAILS
Robert Collett
Berkshire Hathaway Drysdale Pr
BESbswy