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PROPERTY INFO
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
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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: Westview Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westview Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$390,000
LOAN DETAILS
$5,036
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $362,500 |
| Loan Amount | $1,087,500 |
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
-
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
Kw Santa Clara Valley, Inc.
