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PROPERTY INFO
FACTS
- Single Family
- Built In 1964
- Price/Sqft : $831.82
- 4 Days on Market
- MLS # : ML81825750
- Updated Date : 01/15/2021 at 14:23
CONSTRUCTION
- Beds : 3
- Floor Size : 1,320 sqft
- Baths : 2 full
Listing Agent
Compass
Listing Agent's Description
This classic 3 bedroom, 2 bath home has been lovingly maintained & upgraded by the same family for over 57 years. Updates abound this charming home & include gleaming hardwood flooring throughout, 2 renovated bathrooms, double-pane windows and sliding door, decorative door casings, modern light fixtures & more. The light filled living room provides a contemporary fireplace with marble surround and decorative wood mantle, which opens to the expansive dining room. The updated kitchen offers quartz counter tops, stainless steel appliances, over sink window looking out over the tranquil rear yard and a French door pantry closet with ample storage space. The bedrooms, including a grand suite with ensuite bathroom, are set away from the main living spaces. The backyard features mature rose & bougainvillea bushes, apple, fig & apricot trees, lawn area & spacious patio. Great location -Approx .5 miles from BART, shopping & restaurants. Easy access to 101 & 280. Close to Serramonte, SFO & SF.
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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: Sunshine Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunshine Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,350 |
| EXPENSES | Loan Payment | -$3,814 |
| Property Tax | -$1,107 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$131 | |
|
CASH FLOW
-$1,760
|
||
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.
$1,098,000
PROJECTED PRICE
$3,350
PROJECTED RENT
0.31%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 7.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.61% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$296,720
LOAN DETAILS
$3,814
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $274,500 |
| Loan Amount | $823,500 |
0.08
YEARS SAVED
$62
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,350
LIST RENT -
$2.54
LIST RENT PER SQFT
-
$3,346
COMP ESTIMATED VALUE -
$2.54
COMP AVG. RENT PER SQFT
Comps Range
-
279 Evergreen Dr South San Francisco, CA 1
- 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1964
![property image]()
- Rent
- Rent Per SQFT
- $3,350
- $2.54
-
136 Casey Dr South San Francisco, CA 2
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1955
![property image]()
LEASED 02/27/20- Rent
- Rent Per SQFT
- $3,600
- $2.77
-
603 Stonegate Dr South San Francisco, CA 3
- 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 1981
![property image]()
LEASED 04/10/20- Rent
- Rent Per SQFT
- $3,800
- $2.33
-
3854 Howard Ct South San Francisco, CA 4
- 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1972
![property image]()
LEASED 12/11/19- Rent
- Rent Per SQFT
- $3,950
- $2.56
-
557 Serra Dr South San Francisco, CA 5
- 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1955
![property image]()
LEASED 09/22/20- Rent
- Rent Per SQFT
- $4,000
- $2.48
PROPERTY LISTING DETAILS
Compass
