Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

251 Rainier Ave South San Francisco, CA 94080

3 Beds 2 Baths 1,690 sqft Built 1955

$1,199,000

List Price

$4,120

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $709.47
  • 3 Days on Market
  • MLS # : ML81821584
  • Updated Date : 11/28/2020 at 12:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,690 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Incredible super pristine home in the coveted Parkhaven neighborhood comes with exceptional peaceful setting and fabulous curb appeal. This beautiful family home is boasting a spacious floor plan consists of 3 generous sized bedrooms (one being an en-suite bedroom) & 2 baths, a massive living room with wood burning fireplace, a large formal dining room, a light-filled kitchen with eating area plus a huge entertaining family room in the lower level. There are many wonderful features include nice hardwood floor, abundant natural light for all rooms, low maintenance backyard with beautiful trees, ample basement space for potential expansion and an oversize 2 car side by side parking garage. Conveniently located, within close distance to schools, grocery, shopping mall, public transits & easy access to freeway and Bart.

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: Parkhaven

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $349k1395k

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

Neighborhood: Parkhaven

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q218002000220024002600280030003200340036003800400042004400Rent in $17464566

* 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
 

$1,079,100$1,318,900$1,199,000

PURCHASE PRICE

$3,708$4,532$4,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,120
EXPENSES Loan Payment -$4,424
Property Tax -$1,208
Property Insurance -$68
Property Management Fees -$161
CASH FLOW
-$1,741

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.

$1,199,000

PROJECTED PRICE

$4,120

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.98%
Appreciation Year (1-5) 11.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.18%
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$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

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$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,485

INVESTMENT

$323,485

Down Payment
$299,750
Rehab Estimate
$5,750
Closing Costs
$17,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,424

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,750
Loan Amount $899,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$720

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
  • $4,474

    COMP ESTIMATED VALUE
  • $2.65

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8003$4,0004$4,0005$4,400
$4,400
RENT COMPS ANALYSIS
  • 251 Rainier Ave South San Francisco, CA 1
    • 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2860 Medina Dr San Bruno, CA 2
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1963
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.66
    •  
  • 2500 Tipperary Ave South San Francisco, CA 3
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1963
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.67
    •  
  • 557 Serra Dr South San Francisco, CA 4
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1955
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.48
    •  
  • 2300 Evergreen Dr San Bruno, CA 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
Edmund Leung
Coldwell Banker Realty
BESbswy