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PROPERTY INFO
FACTS
- Single Family
- Built In 1953
- Price/Sqft : $521.69
- 5 Days on Market
- MLS # : ML81825688
- Updated Date : 01/14/2021 at 19:54
CONSTRUCTION
- Beds : 4
- Floor Size : 2,490 sqft
- Baths : 2 full
Listing Agent
Compass
Listing Agent's Description
This large and turn key in the ever so popular Sunshine Gardens has all the new finishes one can wish for in this well kept home. The sizable 4 bedroom layout has a grand master with its own walk in closet and chic en suite modern bath. Peekaboo views and has a 2 car garage and private spacious backyard. With its own side gate for recreational vehicles or a boat. Convenient location near BART Station, Trader Joe's, Costco, Starbucks, Kaiser Hospital, Highway 101 & 280 for easy commute to San Francisco & Silicon Valley. Genentech & other Biotech Companies are just a few minutes away.
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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: Sunshine Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunshine Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $5,700 |
| EXPENSES | Loan Payment | -$4,512 |
| Property Tax | -$1,309 | |
| Property Insurance | -$87 | |
| Property Management Fees | -$222 | |
|
CASH FLOW
-$431
|
||
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.
$1,299,000
PROJECTED PRICE
$5,700
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 7.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.61% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$349,985
LOAN DETAILS
$4,512
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $324,750 |
| Loan Amount | $974,250 |
4.42
YEARS SAVED
$59,145
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$5,700
LIST RENT -
$2.29
LIST RENT PER SQFT
-
$8,665
COMP ESTIMATED VALUE -
$3.48
COMP AVG. RENT PER SQFT
Comps Range
-
224 Forest View Dr South San Francisco, CA 1
- 4 beds 2 baths ∙ 2,490 Sqft ∙ Built 1953 4 beds 2 baths ∙ 2,490 Sqft ∙ Built 1953
- Rent
- Rent Per SQFT
- $5,700
- $2.29
-
2340 Donegal Ave South San Francisco, CA 2
- 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 1963
LEASED 06/05/20- Rent
- Rent Per SQFT
- $7,800
- $3.48
PROPERTY LISTING DETAILS
Compass
