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278 Linden Ave San Bruno, CA 94066

3 Beds 2 Baths 1,159 sqft Built 1926

$995,000

List Price

$3,510

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1926
  • Price/Sqft : $858.50
  • 7 Days on Market
  • MLS # : ML81825318
  • Updated Date : 01/11/2021 at 13:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,159 sqft
  • Baths : 1 full , 1 half
Listing Agent

Compass Sf

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Huntington Park

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $366k1381k

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

Neighborhood: Huntington Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $15724566

* 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
El Crystal Elementary School Primary Regular 245 10 7
Parkside Intermediate School Middle Regular 859 36 5
Capuchino High School High Regular 1,105 60 7

El Crystal Elementary School

  • Education Level: Primary
  • # of students: 245
  • # of teachers: 10
7
GreatSchools Rating

Parkside Intermediate School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 36
5
GreatSchools Rating

Capuchino High School

  • Education Level: High
  • # of students: 1,105
  • # of teachers: 60
7
GreatSchools Rating
 

$895,500$1,094,500$995,000

PURCHASE PRICE

$3,159$3,861$3,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,510
EXPENSES Loan Payment -$3,456
Property Tax -$899
Property Insurance -$55
Property Management Fees -$137
CASH FLOW
-$1,037

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.

$995,000

PROJECTED PRICE

$3,510

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$269,425

INVESTMENT

$269,425

Down Payment
$248,750
Rehab Estimate
$5,750
Closing Costs
$14,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,456

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $248,750
Loan Amount $746,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$5,545

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,510

    LIST RENT
  • $3.03

    LIST RENT PER SQFT
  • $3,662

    COMP ESTIMATED VALUE
  • $3.16

    COMP AVG. RENT PER SQFT
Comps Range
$3,510
1$3,5102$3,8003$3,9004$4,500
$4,500
RENT COMPS ANALYSIS
  • 278 Linden Ave San Bruno, CA 1
    • 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1926 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1926
    • Rent
    • Rent Per SQFT
    •  
    • $3,510
    • $3.03
    •  
  • 110 San Antonio Ave San Bruno, CA 2
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1925 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1925
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $3.17
    •  
  • 953 Masson Ave San Bruno, CA 3
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1941 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1941
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $3.00
    •  
  • 565 Chestnut Ave San Bruno, CA 4
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1930 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1930
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $3.31
    •  
PROPERTY LISTING DETAILS
Ric Rocchiccioli
Compass Sf
BESbswy