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114 Crenshaw Ct Pacifica, CA 94044

3 Beds 1 Baths 1,110 sqft Built 1967

$799,000

List Price

$3,500

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1967
  • Price/Sqft : $719.82
  • 7 Days on Market
  • MLS # : ML81817822
  • Updated Date : 10/28/2020 at 17:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,110 sqft
  • Baths : 1 full
Listing Agent

Compass

Listing Agent's Description

Located in a beautiful, family friendly neighborhood, in a peaceful cul de sac, this 3 bed, 1 bath home has plenty of space to work from home, grow a family, and bask in all of the surrounding nature. Enjoy awesome hiking trails through Mussel Rock Park, Milagra Ridge, Fort Funston, and Mori Point. With all of this outdoor space, youll feel a world away, and yet come to realize that all of the conveniences are so close. Restaurants, grocery stores, and shopping are all just minutes away. Also close to freeways and BART, making it a commuter friendly location. With a little TLC, heres a wonderful opportunity to make this home into the home of your dreams!

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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: Fairmont West

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $327k1528k

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

Neighborhood: Fairmont West

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q215002000250030003500400045005000Rent in $14765135

* 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
Franklin Delano Roosevelt Elementary School Primary Regular 334 16 4
Fernando Rivera Middle School Middle Regular 477 21 8
Terra Nova High School High Regular 1,037 46 8

Franklin Delano Roosevelt Elementary School

  • Education Level: Primary
  • # of students: 334
  • # of teachers: 16
4
GreatSchools Rating

Fernando Rivera Middle School

  • Education Level: Middle
  • # of students: 477
  • # of teachers: 21
8
GreatSchools Rating

Terra Nova High School

  • Education Level: High
  • # of students: 1,037
  • # of teachers: 46
8
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$3,150$3,850$3,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,500
EXPENSES Loan Payment -$2,948
Property Tax -$861
Property Insurance -$54
HOA -$27
Property Management Fees -$137
CASH FLOW
-$526

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.

$799,000

PROJECTED PRICE

$3,500

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 11.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.92%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$21,547

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
  • $3,746

    COMP ESTIMATED VALUE
  • $3.38

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5703$3,6004$3,8655$3,900
$3,900
RENT COMPS ANALYSIS
  • 114 Crenshaw Ct Pacifica, CA 1
    • 3 beds 1 baths ∙ 1,110 Sqft ∙ Built 1967 3 beds 1 baths ∙ 1,110 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 621 Forest Lake Dr Pacifica, CA 2
    • 3 beds 1 baths ∙ 1,110 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,110 Sqft ∙ Built 1964
    LEASED 12/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,570
    • $3.22
    •  
  • 115 Paradise Dr Pacifica, CA 3
    • 3 beds 1 baths ∙ 1,110 Sqft ∙ Built 1967 3 beds 1 baths ∙ 1,110 Sqft ∙ Built 1967
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $3.24
    •  
  • 178 Catalina Ave Pacifica, CA 4
    • 3 beds 1 baths ∙ 1,060 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,060 Sqft ∙ Built 1964
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,865
    • $3.65
    •  
  • 729 Skyline Dr Daly City, CA 5
    • 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1958
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $3.39
    •  
PROPERTY LISTING DETAILS
Selina Loc
Compass
BESbswy