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2 Hana Vista Ln Daly City, CA 94014

4 Beds 4 Baths 2,671 sqft Built 2010

$1,795,000

List Price

$5,020

$4.8K - $5.3K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2010
  • Price/Sqft : $672.03
  • 8 Days on Market
  • MLS # : BE40927177
  • Updated Date : 11/02/2020 at 13:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,671 sqft
  • Baths : 4 full
Listing Agent

Century 21 Re Alliance

Listing Agent's Description

Masterful and contemporary designed home in a rarely available cul de sac overlooking San Francisco- Downtown and North to Marin. Feel comfortable in this small gated enclave where your children can play safely. Enjoy the stunning city views from the family room, dining room, upper/lower decks and master bedroom or while soaking in the sunken tub in the master bath. Tastefully decorated to showcase the wood floors, clean lines, contemporary high-end appliances and conveniences of modern lifestyles.

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: Kauai Estates

ZipNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $332k1381k

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

Neighborhood: Kauai Estates

ZipNIR Market*CityMarket2010Year2000 Q32019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $15574566

* 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
George Washington Elementary School Primary Regular 379 18 4
Thomas R. Pollicita Middle School Middle Regular 696 29 4
Terra Nova High School High Regular 1,037 46 8

George Washington Elementary School

  • Education Level: Primary
  • # of students: 379
  • # of teachers: 18
4
GreatSchools Rating

Thomas R. Pollicita Middle School

  • Education Level: Middle
  • # of students: 696
  • # of teachers: 29
4
GreatSchools Rating

Terra Nova High School

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

$1,615,500$1,974,500$1,795,000

PURCHASE PRICE

$4,518$5,522$5,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,020
EXPENSES Loan Payment -$6,623
Property Tax -$1,931
Property Insurance -$92
HOA -$218
Property Management Fees -$196
CASH FLOW
-$4,039

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.

$1,795,000

PROJECTED PRICE

$5,020

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.6%
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$6.0M$7.0M

PROJECTED ANNUAL CASH FLOW

11530-$60k-$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$6.0M$7.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$481,425

INVESTMENT

$481,425

Down Payment
$448,750
Rehab Estimate
$5,750
Closing Costs
$26,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$6,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $448,750
Loan Amount $1,346,250
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$151

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
  • $5,155

    COMP ESTIMATED VALUE
  • $1.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,300
$5,300
RENT COMPS ANALYSIS
  • 2 Hana Vista Ln Daly City, CA 1
    • 4 beds 4 baths ∙ 2,671 Sqft ∙ Built 2010 4 beds 4 baths ∙ 2,671 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 629 Washington St Daly City, CA 2
    • 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 2008
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,300
    • $1.93
    •  
PROPERTY LISTING DETAILS
Dean Souza
Century 21 Re Alliance
BESbswy