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289 Westview Dr South San Francisco, CA 94080

3 Beds 3 Baths 1,570 sqft Built 1953

$1,450,000

List Price

$4,140

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $923.57
  • 4 Days on Market
  • MLS # : ML81825786
  • Updated Date : 01/14/2021 at 22:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,570 sqft
  • Baths : 3 full
Listing Agent

Kw Santa Clara Valley, Inc.

Listing Agent's Description

Exquisite remodeled 3BR/3BA home PLUS a in-law unit in the desirable Sunshine Gardens neighborhood. The main section is featured with an open floor plan concept, opened gourmet kitchen with center island, huge living room/family room combo. A den near the entrance creates a quiet and bright working environment for the WFH professional. Stairs create tri levels that separate the sleeping area and living area. A few stairs up, a living area is featured with 3 bedrooms and 2 bathrooms; A few stairs down, there is a one car parking garage where you can find laundry units, and a half bathroom for guests to use. Through kitchen access to the backyard, you can find a neatly designed backyard were divided into two courtyards by a fence. A perfect in-law unit can be found on the other side of the courtyard; it is separated from the main section of the house. This in-law unit featured a wet bar, full bath, laundry sets, parking garage & a portion of the yard. Close to airport & Costco

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: Westview Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $378k1381k

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

Neighborhood: Westview Terrace

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q218002000220024002600280030003200340036003800400042004400Rent in $16304566

* 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
Sunshine Gardens Elementary School Primary Regular 405 17 3
Parkway Heights Middle School Middle Regular 628 28 4
El Camino High School High Regular 1,430 59 8

Sunshine Gardens Elementary School

  • Education Level: Primary
  • # of students: 405
  • # of teachers: 17
3
GreatSchools Rating

Parkway Heights Middle School

  • Education Level: Middle
  • # of students: 628
  • # of teachers: 28
4
GreatSchools Rating

El Camino High School

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

$1,305,000$1,595,000$1,450,000

PURCHASE PRICE

$3,726$4,554$4,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,140
EXPENSES Loan Payment -$5,036
Property Tax -$1,461
Property Insurance -$65
Property Management Fees -$161
CASH FLOW
-$2,584

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.

$1,450,000

PROJECTED PRICE

$4,140

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.0%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$390,000

INVESTMENT

$390,000

Down Payment
$362,500
Rehab Estimate
$5,750
Closing Costs
$21,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$5,036

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $362,500
Loan Amount $1,087,500
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$14

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,140

    LIST RENT
  • $2.64

    LIST RENT PER SQFT
  • $4,113

    COMP ESTIMATED VALUE
  • $2.62

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,9503$4,0004$4,0005$4,140
$4,140
RENT COMPS ANALYSIS
  • 289 Westview Dr South San Francisco, CA 5
    • 3 beds 3 baths ∙ 1,570 Sqft ∙ Built 1953 3 beds 3 baths ∙ 1,570 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $4,140
    • $2.64
    •  
  • 136 Casey Dr South San Francisco, CA 1
    • 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, CA 2
    • 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 3
    • 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
    •  
  • 557 Serra Dr South San Francisco, CA 4
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1955
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.48
    •  
PROPERTY LISTING DETAILS
Yi He
Kw Santa Clara Valley, Inc.
BESbswy