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2226 Kingston Ave San Bruno, CA 94066

3 Beds 2 Baths 1,330 sqft Built 1956

$1,285,000

List Price

$3,770

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $966.17
  • 3 Days on Market
  • MLS # : ML81819219
  • Updated Date : 11/06/2020 at 14:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,330 sqft
  • Baths : 2 full
Listing Agent

Omarshall, Inc

Listing Agent's Description

Beautiful Crestmoor Split-Level home in excellent condition. Dining room off liviing room and breakfast nook in kitchen. Cozy corner fireplace in the living room; elegant glass doors leading to patio and expansive backyard. Separate family room with built-in cabinet.

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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: Crestmoore Park

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $366k1390k

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

Neighborhood: Crestmoore Park

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
John Muir Elementary School Primary Regular 352 12 8
Parkside Intermediate School Middle Regular 859 36 5
Capuchino High School High Regular 1,105 60 7

John Muir Elementary School

  • Education Level: Primary
  • # of students: 352
  • # of teachers: 12
8
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
 

$1,156,500$1,413,500$1,285,000

PURCHASE PRICE

$3,393$4,147$3,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,770
EXPENSES Loan Payment -$4,741
Property Tax -$1,161
Property Insurance -$59
Property Management Fees -$147
CASH FLOW
-$2,338

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.

$1,285,000

PROJECTED PRICE

$3,770

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$346,275

INVESTMENT

$346,275

Down Payment
$321,250
Rehab Estimate
$5,750
Closing Costs
$19,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,741

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $321,250
Loan Amount $963,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$72

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,770

    LIST RENT
  • $2.83

    LIST RENT PER SQFT
  • $4,043

    COMP ESTIMATED VALUE
  • $3.04

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,7703$4,2954$4,6005$4,875
$4,875
RENT COMPS ANALYSIS
  • 2226 Kingston Ave San Bruno, CA 2
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1956
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,770
    • $2.83
    •  
  • 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
    •  
  • 352 Oak Ave San Bruno, CA 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1950
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,295
    • $3.07
    •  
  • 1369 Ridgewood Dr Millbrae, CA 4
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1955
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $3.26
    •  
  • 311 Lowell Ave San Bruno, CA 5
    • 4 beds 3 baths ∙ 1,670 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,670 Sqft ∙ Built 1959
    property image
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,875
    • $2.92
    •  
PROPERTY LISTING DETAILS
Berta Tovar
Omarshall, Inc
BESbswy