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PROPERTY INFO
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.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Parkhaven
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$323,485
LOAN DETAILS
$4,424
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $299,750 |
| Loan Amount | $899,250 |
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
-
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
Coldwell Banker Realty
