Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3 Andorra Ct Pacifica, CA 94044

4 Beds 3 Baths 2,230 sqft Built 1996

$1,399,000

List Price

$5,190

$4.9K - $5.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $627.35
  • 3 Days on Market
  • MLS # : ML81825004
  • Updated Date : 01/08/2021 at 08:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,230 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kw Peninsula Estates

Listing Agent's Description

This is a home not to be missed! Not only will you appreciate the beauty of this move-in ready home, you will welcome the allure and quiet of this neighborhood. This ample home includes 4 Bedrooms and 2.5 Baths. An elegant entry greets you with entrances into the bedrooms, hall or kitchen. The refined kitchen includes a seating and dining area with lovely gas fireplace and mountain views out of the front windows. The elevated ceilings in several of the rooms add to its open and light-filled appeal. The master bedroom suite combines a large bedroom, stately bath and walk-in closet. There is an additional full and half bath in the hall. Not a detail was missed with the addition of a gorgeous front stone pathway and terracing of the amazing backyard, here you will find a stunning scenery complete with many colorful potted plants. To complete this amazing home, a newer roof and solar has been installed. All this plus the benefit of beaches, access to highways, restaurants, and more.

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: Andorra Court

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $356k1676k

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

Neighborhood: Andorra Court

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q220002500300035004000450050005500Rent in $16355927

* 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
Ocean Shore Elementary School Primary Regular 414 17 8
Ocean Shore Elementary School Middle Regular 414 17 8
Terra Nova High School High Regular 1,037 46 8

Ocean Shore Elementary School

  • Education Level: Primary
  • # of students: 414
  • # of teachers: 17
8
GreatSchools Rating

Ocean Shore Elementary School

  • Education Level: Middle
  • # of students: 414
  • # of teachers: 17
8
GreatSchools Rating

Terra Nova High School

  • Education Level: High
  • # of students: 1,037
  • # of teachers: 46
8
GreatSchools Rating
 

$1,259,100$1,538,900$1,399,000

PURCHASE PRICE

$4,671$5,709$5,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,190
EXPENSES Loan Payment -$4,859
Property Tax -$1,543
Property Insurance -$81
Property Management Fees -$202
CASH FLOW
-$1,496

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.

$1,399,000

PROJECTED PRICE

$5,190

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 11.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.92%
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-$30k-$20k-$10k$0.0$10k$20k

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$376,485

INVESTMENT

$376,485

Down Payment
$349,750
Rehab Estimate
$5,750
Closing Costs
$20,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,859

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $349,750
Loan Amount $1,049,250
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$5,412

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
  • $5,887

    COMP ESTIMATED VALUE
  • $2.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$6,200
$6,200
RENT COMPS ANALYSIS
  • 3 Andorra Ct Pacifica, CA 1
    • 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 323 Olympian Way Pacifica, CA 2
    • 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1990
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,200
    • $2.64
    •  
PROPERTY LISTING DETAILS
Herb Schmulewicz
Kw Peninsula Estates
BESbswy