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2549 Adams Ct South San Francisco, CA 94080

3 Beds 2 Baths 1,540 sqft Built 1972

$1,099,000

List Price

$3,920

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $713.64
  • 4 Days on Market
  • MLS # : ML81818941
  • Updated Date : 11/05/2020 at 10:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,540 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Rare opportunity to own in this incredible neighborhood and the first listing of its kind in recent months with the added benefit of having nice Bay and hill views This incredible family home is nestled on a quiet cul-de-sac located near schools, transportation, shopping and the beaches of Pacifica. Over $50K in upgrades including a new roof, remodeled kitchen and bathroom, upgraded hardwood flooring, lighting etc. The home has a very inviting and flexible floor plan, double pane windows, vaulted ceilings, a back yard with deck and exercise area. Great opportunity to own a condo alternative without HOA dues that has the San Francisco feel without the price. This one won't last!

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
Skyline Elementary School Primary Regular 419 17 6
Westborough Middle School Middle Regular 640 29 8
South San Francisco High School High Regular 1,403 58 6

Skyline Elementary School

  • Education Level: Primary
  • # of students: 419
  • # of teachers: 17
6
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
 

$989,100$1,208,900$1,099,000

PURCHASE PRICE

$3,528$4,312$3,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,920
EXPENSES Loan Payment -$4,055
Property Tax -$1,124
Property Insurance -$64
Property Management Fees -$153
CASH FLOW
-$1,476

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.

$1,099,000

PROJECTED PRICE

$3,920

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.61%
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

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$296,985

INVESTMENT

$296,985

Down Payment
$274,750
Rehab Estimate
$5,750
Closing Costs
$16,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,055

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $274,750
Loan Amount $824,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,916

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,920

    LIST RENT
  • $2.55

    LIST RENT PER SQFT
  • $4,081

    COMP ESTIMATED VALUE
  • $2.65

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$3,9203$3,9504$4,0005$4,500
$4,500
RENT COMPS ANALYSIS
  • 2549 Adams Ct South San Francisco, CA 2
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $3,920
    • $2.55
    •  
  • 3091 Medina Dr San Bruno, CA 1
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1963
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.64
    •  
  • 3854 Howard Ct South San Francisco, CA 3
    • 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1972
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.56
    •  
  • 2500 Tipperary Ave South San Francisco, CA 4
    • 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
    •  
  • 3601 Fleetwood Dr San Bruno, CA 5
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1964
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.73
    •  
PROPERTY LISTING DETAILS
Adam Green
Compass
BESbswy