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2525 Tara Ln South San Francisco, CA 94080

4 Beds 3 Baths 2,240 sqft Built 1962

INVESTimate

$1,388,000

List Price

$5,050

$4,800 - $5,300

Rent Est.

$1,529,576  ( +10.20%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1962
  • Price/Sqft : $619.64
  • 9 Days on Market
  • MLS # : ML81804968
  • Updated Date : 08/23/2020 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,240 sqft
  • Baths : 3 full
Listing Agent

Eccleston Incorporated

Listing Agent's Description

Welcome to this beautiful and spacious 4 bedroom 3 bathroom, 2240 SqFt home on a 5000 SqFt lot. First floor offers a sizable bedroom, recently updated bathroom, laundry room and a large tiled great room that is flooded with natural light from the large windows. There is also a wood burning stove and a built in desk/shelves perfect for working from home. The upstair boasts refinished hardwood floors and recessed lights. Stainless steel appliances, granite counters and a chic black and white floor tile in the kitchen. Deck off the back of the house lets you enjoy a view of the skyline while also overlooking the well maintained back yard. 3 good size bedrooms upstairs and 2 bathrooms, one with a walk-in tub. Conveniently located near schools, shopping, parks, restaurants of all flavors, and a 5 minute drive to great beaches with easy access to 280 and 101.

SEE MORE

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: Westborough

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $392k1381k

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

Neighborhood: Westborough

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
Monte Verde Elementary School Primary Regular 551 22 9
Westborough Middle School Middle Regular 640 29 8
South San Francisco High School High Regular 1,403 58 6

Monte Verde Elementary School

  • Education Level: Primary
  • # of students: 551
  • # of teachers: 22
9
GreatSchools Rating

Westborough Middle School

  • Education Level: Middle
  • # of students: 640
  • # of teachers: 29
8
GreatSchools Rating

South San Francisco High School

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

$1,249,200$1,526,800$1,388,000

PURCHASE PRICE

$4,545$5,555$5,050

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$5.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,050
EXPENSES Loan Payment -$5,121
Property Tax -$1,414
Property Insurance -$81
Property Management Fees -$197
CASH FLOW
-$1,763

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.

$1,388,000

PROJECTED PRICE

$5,050

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.20%
Maintenance Year (1-5) 8.00%
Vacancy 5.61%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$373,570

INVESTMENT

$373,570

Down Payment
$347,000
Rehab Estimate
$5,750
Closing Costs
$20,820

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$5,121

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $347,000
Loan Amount $1,041,000
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$3,975

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,050

    LIST RENT
  • $2.25

    LIST RENT PER SQFT
  • $6,194

    COMP ESTIMATED VALUE
  • $2.76

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$5,0503$7,800
$7,800
RENT COMPS ANALYSIS
  • 2525 Tara Ln South San Francisco, 2
    • 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 1962 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $5,050
    • $2.25
    •  
  • 21 Wembley Dr Daly City, 1
    • 3 beds 4 baths ∙ 2,050 Sqft ∙ Built 1971 3 beds 4 baths ∙ 2,050 Sqft ∙ Built 1971
    property image
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.05
    •  
  • 2340 Donegal Ave South San Francisco, 3
    • 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 1963
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $7,800
    • $3.48
    •  
PROPERTY LISTING DETAILS
Jon Hornstra
Eccleston Incorporated
BESbswy