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232 Wildwood Dr South San Francisco, CA 94080

3 Beds 2 Baths 1,308 sqft Built 1949

INVESTimate

$1,250,000

List Price

$3,590

$3,340 - $3,840

Rent Est.

$1,400,375  ( +12.03%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1949
  • Price/Sqft : $955.66
  • 2 Days on Market
  • MLS # : ML81805869
  • Updated Date : 08/25/2020 at 22:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,308 sqft
  • Baths : 2 full
Listing Agent

Kw Peninsula Estates

Listing Agent's Description

Brentwoods Best! It was a pleasure helping my clients purchase this home as a two bedroom one bath fixer; not expecting to move out of the area, they took on the challenge and, with high standards and quality in mind, underwent a major remodel, adding a third bedroom, master suite, with spa-like bath with his and her sinks, luxury stall shower with rain and private enclosed commode. The heart of this sleek modern rancher is a sophisticated designer kitchen with top quality appliances, effortlessly adding to the open concept floor plan; ideal for entertaining and everyday laze about. The comprehensive floorpan flows easily into the central courtyard and terraced private backyard. Finished garage and auxiliary space offers the versatility everyone is looking for; whether that be an at home office, gym or entertainment room. Making 232 Wildwood Brentwoods Best!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Brentwood

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $371k1528k

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

Neighborhood: Brentwood

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q22000250030003500400045005000Rent in $15875135

* 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
Ponderosa Elementary School Primary Regular 441 20 7
Alta Loma Middle School Middle Regular 746 33 6
South San Francisco High School High Regular 1,403 58 6

Ponderosa Elementary School

  • Education Level: Primary
  • # of students: 441
  • # of teachers: 20
7
GreatSchools Rating

Alta Loma Middle School

  • Education Level: Middle
  • # of students: 746
  • # of teachers: 33
6
GreatSchools Rating

South San Francisco High School

  • Education Level: High
  • # of students: 1,403
  • # of teachers: 58
6
GreatSchools Rating
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,231$3,949$3,590

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,590
EXPENSES Loan Payment -$4,612
Property Tax -$1,290
Property Insurance -$59
Property Management Fees -$140
CASH FLOW
-$2,511

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.

$1,250,000

PROJECTED PRICE

$3,590

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 12.03%
Maintenance Year (1-5) 8.00%
Vacancy 5.92%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$32

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,590

    LIST RENT
  • $2.74

    LIST RENT PER SQFT
  • $3,842

    COMP ESTIMATED VALUE
  • $2.94

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,5903$3,9004$4,2505$4,400
$4,400
RENT COMPS ANALYSIS
  • 232 Wildwood Dr South San Francisco, 2
    • 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1949
    • Rent
    • Rent Per SQFT
    •  
    • $3,590
    • $2.74
    •  
  • 2601 Evergreen Drive San Bruno, 1
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1958
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.91
    •  
  • 210 Northwood Dr South San Francisco, 3
    • 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1947
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $3.07
    •  
  • 2440 Wexford Ave South San Francisco, 4
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1964
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.99
    •  
  • 2300 Evergreen Dr San Bruno, 5
    • 4 beds 3 baths ∙ 1,580 Sqft ∙ Built 1956 4 beds 3 baths ∙ 1,580 Sqft ∙ Built 1956
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $2.78
    •  
PROPERTY LISTING DETAILS
Paul Beaudreau
Kw Peninsula Estates
BESbswy