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116 Buxton Ave South San Francisco, CA 94080

3 Beds 1 Baths 1,050 sqft Built 1952

INVESTimate

$889,950

List Price

$3,110

$2,860 - $3,360

Rent Est.

$973,694  ( +9.41%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1952
  • Price/Sqft : $847.57
  • 8 Days on Market
  • MLS # : ML81806261
  • Updated Date : 08/24/2020 at 14:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,050 sqft
  • Baths : 1 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Built in 1952, this charming split level three-bedroom, one bath home has endless possibilities!. The living room, dining area, kitchen and one bedroom are situated on the main level, with two bedrooms and one bath upstairs. This home is ready for your personal touch to make it your dream home. South San Francisco is the Biotech capital of the world, in close proximity to San Francisco and the international airport.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Winston-Serra

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $392k1381k

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

Neighborhood: Winston-Serra

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q218002000220024002600280030003200340036003800400042004400Rent in $16574566

* 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
Buri Buri Elementary School Primary Regular 625 26 6
Alta Loma Middle School Middle Regular 746 33 6
El Camino High School High Regular 1,430 59 8

Buri Buri Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 26
6
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
 

$800,955$978,945$889,950

PURCHASE PRICE

$2,799$3,421$3,110

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,110
EXPENSES Loan Payment -$3,284
Property Tax -$897
Property Insurance -$53
Property Management Fees -$129
CASH FLOW
-$1,252

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.

$889,950

PROJECTED PRICE

$3,110

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.41%
Maintenance Year (1-5) 8.00%
Vacancy 5.61%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$241,587

INVESTMENT

$241,587

Down Payment
$222,488
Rehab Estimate
$5,750
Closing Costs
$13,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,284

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $222,488
Loan Amount $667,463
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$1,063

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,110

    LIST RENT
  • $2.96

    LIST RENT PER SQFT
  • $3,116

    COMP ESTIMATED VALUE
  • $2.97

    COMP AVG. RENT PER SQFT
Comps Range
$3,110
1$3,1102$3,2003$3,4004$3,6005$3,600
$3,600
RENT COMPS ANALYSIS
  • 116 Buxton Ave South San Francisco, 1
    • 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $3,110
    • $2.96
    •  
  • 120 Simpson Dr Daly City, 2
    • 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1969 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1969
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.91
    •  
  • 74 Norwood Ave Daly City, 3
    • 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1971
    LEASED 03/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.93
    •  
  • 290 Kavanaugh Way Pacifica, 4
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1955
    LEASED 05/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.95
    •  
  • 198 Canterbury Ave Daly City, 5
    • 3 beds 1 baths ∙ 1,170 Sqft ∙ Built 1967 3 beds 1 baths ∙ 1,170 Sqft ∙ Built 1967
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $3.08
    •  
PROPERTY LISTING DETAILS
David Tapper
Coldwell Banker Realty
BESbswy