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2190 Pinecrest Dr San Bruno, CA 94066

3 Beds 3 Baths 1,220 sqft Built 1959

$1,190,000

List Price

$3,670

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1959
  • Price/Sqft : $975.41
  • 9 Days on Market
  • MLS # : ML81817489
  • Updated Date : 11/02/2020 at 08:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,220 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome to this magnificent home with gorgeous view of the International Airport nestled in the serene San Francisco Bay. Remodeled open-concept kitchen with American Cherry cabinets, Porcelanosa Cubica Blanco Mosaic backsplash tiles over timeless Eagle Black Granite counter, under-mount cabinet lights. Top-of-the-Line appliances including Bosch Induction Cooktop, Thermador Dishwasher, Thermador Masterpiece Convection Oven, Motion Activated Motionsense Moen Kitchen Faucet, and Samsung French Door Stainless Steel Refrigerator. Built-in Speakers at the living room ceilings. Newly painted interiors with updated laminate flooring. Bonus rooms and a full bath downstairs perfect for media room, office, or gym looking over the Bay.

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: Rollingwood

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $366k1381k

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

Neighborhood: Rollingwood

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q218002000220024002600280030003200340036003800400042004400Rent in $17064566

* 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
Rollingwood Elementary School Primary Regular 290 13 5
Parkside Intermediate School Middle Regular 859 36 5
Capuchino High School High Regular 1,105 60 7

Rollingwood Elementary School

  • Education Level: Primary
  • # of students: 290
  • # of teachers: 13
5
GreatSchools Rating

Parkside Intermediate School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 36
5
GreatSchools Rating

Capuchino High School

  • Education Level: High
  • # of students: 1,105
  • # of teachers: 60
7
GreatSchools Rating
 

$1,071,000$1,309,000$1,190,000

PURCHASE PRICE

$3,303$4,037$3,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,670
EXPENSES Loan Payment -$4,391
Property Tax -$1,074
Property Insurance -$57
Property Management Fees -$143
CASH FLOW
-$1,995

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.

$1,190,000

PROJECTED PRICE

$3,670

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.0%
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-$35k-$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$321,100

INVESTMENT

$321,100

Down Payment
$297,500
Rehab Estimate
$5,750
Closing Costs
$17,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,391

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $297,500
Loan Amount $892,500
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$100

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,670

    LIST RENT
  • $3.01

    LIST RENT PER SQFT
  • $3,806

    COMP ESTIMATED VALUE
  • $3.12

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,6703$3,9004$3,9005$4,250
$4,250
RENT COMPS ANALYSIS
  • 2190 Pinecrest Dr San Bruno, CA 2
    • 3 beds 3 baths ∙ 1,220 Sqft ∙ Built 1959 3 beds 3 baths ∙ 1,220 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,670
    • $3.01
    •  
  • 2601 Evergreen Drive San Bruno, CA 1
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1958
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.91
    •  
  • 2336 Valleywood Dr San Bruno, CA 3
    • 3 beds 2 baths ∙ 1,110 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,110 Sqft ∙ Built 1956
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $3.51
    •  
  • 210 Northwood Dr South San Francisco, CA 4
    • 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1947
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $3.07
    •  
  • 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
James Ma
Coldwell Banker Realty
BESbswy