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115 W Moltke St Daly City, CA 94014

4 Beds 2 Baths 1,570 sqft Built 1939

$958,000

List Price

$3,860

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1939
  • Price/Sqft : $610.19
  • 5 Days on Market
  • MLS # : ML81819864
  • Updated Date : 11/11/2020 at 16:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,570 sqft
  • Baths : 2 full
Listing Agent

Century 21 Realty Alliance

Listing Agent's Description

Well Kept Single Family House with a Legal ADU at garage level. Upper level offers popular central patio floor plan with large living room, formal dining room, eat in kitchen, 3 bedrooms (one of which is a sunroom) and 1 large bath with tub and standing shower. Lower level features a legal ADU with separate address 115A and own entrance. It is a one bedroom unit with living room/kitchenette combo and one large bath. One garage parking with lots of storage, plus one drive way parking. Lots of period details with wood burning fireplace, hardwood floors, wood frame windows and more. Conveniently located near 280 freeway, shops and restaurants. Walking distance to BART station.

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: Jefferson Park

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $332k1381k

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

Neighborhood: Jefferson Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $15094566

* 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
Margaret Pauline Brown Elementary School Primary Regular 355 15 4
Ben Franklin Intermediate School Middle Regular 696 29 6
Terra Nova High School High Regular 1,037 46 8

Margaret Pauline Brown Elementary School

  • Education Level: Primary
  • # of students: 355
  • # of teachers: 15
4
GreatSchools Rating

Ben Franklin Intermediate School

  • Education Level: Middle
  • # of students: 696
  • # of teachers: 29
6
GreatSchools Rating

Terra Nova High School

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

$862,200$1,053,800$958,000

PURCHASE PRICE

$3,474$4,246$3,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,860
EXPENSES Loan Payment -$3,535
Property Tax -$1,031
Property Insurance -$65
Property Management Fees -$151
CASH FLOW
-$921

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.

$958,000

PROJECTED PRICE

$3,860

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.98%
Appreciation Year (1-5) 12.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.18%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$259,620

INVESTMENT

$259,620

Down Payment
$239,500
Rehab Estimate
$5,750
Closing Costs
$14,370

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,535

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $239,500
Loan Amount $718,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$10,526

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,860

    LIST RENT
  • $2.46

    LIST RENT PER SQFT
  • $4,658

    COMP ESTIMATED VALUE
  • $2.97

    COMP AVG. RENT PER SQFT
Comps Range
$3,860
1$3,8602$4,2003$4,3954$4,800
$4,800
RENT COMPS ANALYSIS
  • 115 W Moltke St Daly City, CA 1
    • 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 1939 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 1939
    • Rent
    • Rent Per SQFT
    •  
    • $3,860
    • $2.46
    •  
  • 59 Southdale Ave Daly City, CA 2
    • 4 beds 2 baths ∙ 1,270 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,270 Sqft ∙ Built 1959
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $3.31
    •  
  • 154 Westdale Ave Daly City, CA 3
    • 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1949 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1949
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,395
    • $2.59
    •  
  • 16 Westdale Daly City, CA 4
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1950
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $3.00
    •  
PROPERTY LISTING DETAILS
Ying He
Century 21 Realty Alliance
BESbswy