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26 Canterbury Ave Daly City, CA 94015

5 Beds 2 Baths 1,990 sqft Built 1967

$1,288,000

List Price

$4,060

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $647.24
  • 9 Days on Market
  • MLS # : ML81823691
  • Updated Date : 12/20/2020 at 23:49
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,990 sqft
  • Baths : 2 full
Listing Agent

Dcp Realty

Listing Agent's Description

This charming two story home, upper level has 2 bed rooms, 1bath, living and dining combo with recessed lighting. Open kitchen with gas stove oven and tile counter top. Ground floor level has 2 bed, 1 bath and family room with wet bar ( with permit, buyers to verify square footage and permit from the city) One car garage with tons of storage and a nice backyard. Walking distance to supermarket and restaurant and park. Close to school and freeway.

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: Serramonte

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $342k1381k

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

Neighborhood: Serramonte

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q218002000220024002600280030003200340036003800400042004400Rent in $16104566

* 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
Junipero Serra Elementary School Primary Regular 345 16 7
Alta Loma Middle School Middle Regular 746 33 6
El Camino High School High Regular 1,430 59 8

Junipero Serra Elementary School

  • Education Level: Primary
  • # of students: 345
  • # of teachers: 16
7
GreatSchools Rating

Alta Loma Middle School

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

El Camino High School

  • Education Level: High
  • # of students: 1,430
  • # of teachers: 59
8
GreatSchools Rating
 

$1,159,200$1,416,800$1,288,000

PURCHASE PRICE

$3,654$4,466$4,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,060
EXPENSES Loan Payment -$4,752
Property Tax -$1,292
Property Insurance -$75
Property Management Fees -$158
CASH FLOW
-$2,218

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.

$1,288,000

PROJECTED PRICE

$4,060

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.7%
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$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0

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$347,070

INVESTMENT

$347,070

Down Payment
$322,000
Rehab Estimate
$5,750
Closing Costs
$19,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,752

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $322,000
Loan Amount $966,000
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$83

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
  • $5,025

    COMP ESTIMATED VALUE
  • $2.53

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9953$5,000
$5,000
RENT COMPS ANALYSIS
  • 26 Canterbury Ave Daly City, CA 1
    • 5 beds 2 baths ∙ 1,990 Sqft ∙ Built 1967 5 beds 2 baths ∙ 1,990 Sqft ∙ Built 1967
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3849 Shamrock Court South San Francisco, CA 2
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1960
    property image
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $2.22
    •  
  • 2800 Oakmont Dr San Bruno, CA 3
    • 5 beds 2 baths ∙ 1,765 Sqft ∙ Built 1963 5 beds 2 baths ∙ 1,765 Sqft ∙ Built 1963
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.83
    •  
PROPERTY LISTING DETAILS
Thanda Yap
Dcp Realty
BESbswy