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273 Dundee Dr South San Francisco, CA 94080

3 Beds 2 Baths 1,460 sqft Built 1953

INVESTimate

$1,188,000

List Price

$3,720

$3,470 - $3,970

Rent Est.

$1,299,791  ( +9.41%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1953
  • Price/Sqft : $813.70
  • 9 Days on Market
  • MLS # : ML81802485
  • Updated Date : 08/19/2020 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,460 sqft
  • Baths : 1 full , 1 half
Listing Agent

Re/max Gold Of Daly City

Listing Agent's Description

Spacious remodeled home in West Winston Manor. Newer kitchen. Roof replaced in 2019. Bathroom recently remodeled. Large family room. Oversized lot. http://www.273dundee.com/?mls

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: Winston-Serra

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $392k1381k

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

Neighborhood: Winston-Serra

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q218002000220024002600280030003200340036003800400042004400Rent in $16574566

* 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
Buri Buri Elementary School Primary Regular 625 26 6
Alta Loma Middle School Middle Regular 746 33 6
El Camino High School High Regular 1,430 59 8

Buri Buri Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 26
6
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
 

$1,069,200$1,306,800$1,188,000

PURCHASE PRICE

$3,348$4,092$3,720

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,720
EXPENSES Loan Payment -$4,383
Property Tax -$1,197
Property Insurance -$62
HOA -$6
Property Management Fees -$145
CASH FLOW
-$2,074

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.

$1,188,000

PROJECTED PRICE

$3,720

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.41%
Maintenance Year (1-5) 8.00%
Vacancy 5.61%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$320,570

INVESTMENT

$320,570

Down Payment
$297,000
Rehab Estimate
$5,750
Closing Costs
$17,820

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,383

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $297,000
Loan Amount $891,000
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$72

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
  • $4,092

    COMP ESTIMATED VALUE
  • $2.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,6004$3,6005$3,950
$3,950
RENT COMPS ANALYSIS
  • 273 Dundee Dr South San Francisco, 1
    • 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 74 Norwood Ave Daly City, 2
    • 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1971
    LEASED 03/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.93
    •  
  • 290 Kavanaugh Way Pacifica, 3
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1955
    LEASED 05/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.95
    •  
  • 136 Casey Dr South San Francisco, 4
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1955
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.77
    •  
  • 3854 Howard Ct South San Francisco, 5
    • 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
    •  
PROPERTY LISTING DETAILS
David Healey
Re/max Gold Of Daly City
BESbswy