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3 Sunrise Ct South San Francisco, CA 94080

3 Beds 3 Baths 1,900 sqft Built 1995

INVESTimate

$1,238,000

List Price

$4,510

$4,260 - $4,760

Rent Est.

$1,374,304  ( +11.01%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1995
  • Price/Sqft : $651.58
  • 9 Days on Market
  • MLS # : ML81801461
  • Updated Date : 08/24/2020 at 16:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,900 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Fabulous View Home in South San Francisco. Incredible tri-level contemporary home consists of 3 bedrooms & 3 baths plus a generous sized loft/den space entering from the spacious 2 car side by side garage. Heading down from the loft, the main level consists of the living and dining rooms which offers mesmerizing view of city light and the bay, a refreshing walkout deck, an accommodating kitchen plus eat in area, a full bath and a good sized bedroom. The lower level consists of 2 bedrooms & 2 baths, one being an en-suite bedroom with huge walk in closet and exterior decking. This remarkable home is featuring exceptional modern architectural floor plan and in excellent turnkey move in condition. It is located in a quiet residential neighborhood but yet still within walking distance to retails, restaurants & grocery, plus easy access to freeway, Bart & SFO.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sunrise

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $392k1384k

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

Neighborhood: Sunrise

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q218002000220024002600280030003200340036003800400042004400Rent in $17464566

* 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
Monte Verde Elementary School Primary Regular 551 22 9
Westborough Middle School Middle Regular 640 29 8
South San Francisco High School High Regular 1,403 58 6

Monte Verde Elementary School

  • Education Level: Primary
  • # of students: 551
  • # of teachers: 22
9
GreatSchools Rating

Westborough Middle School

  • Education Level: Middle
  • # of students: 640
  • # of teachers: 29
8
GreatSchools Rating

South San Francisco High School

  • Education Level: High
  • # of students: 1,403
  • # of teachers: 58
6
GreatSchools Rating
 

$1,114,200$1,361,800$1,238,000

PURCHASE PRICE

$4,059$4,961$4,510

RENT

DOWN PAYMENT
FINANCING

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$4.5M

PROJECTED ANNUAL CASH FLOW

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

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$4.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,510
EXPENSES Loan Payment -$4,568
Property Tax -$1,229
Property Insurance -$73
HOA -$130
Property Management Fees -$176
CASH FLOW
-$1,665

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.

$1,238,000

PROJECTED PRICE

$4,510

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.01%
Maintenance Year (1-5) 8.00%
Vacancy 5.61%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$333,820

INVESTMENT

$333,820

Down Payment
$309,500
Rehab Estimate
$5,750
Closing Costs
$18,570

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $309,500
Loan Amount $928,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$2,075

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
  • $4,760

    COMP ESTIMATED VALUE
  • $2.51

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,2003$4,480
$4,480
RENT COMPS ANALYSIS
  • 3 Sunrise Ct South San Francisco, 1
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 617 Sharp Park Rd Pacifica, 2
    • 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 1984
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.48
    •  
  • 2035 Sea Cliff Way San Bruno, 3
    • 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1980
    LEASED 04/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,480
    • $2.53
    •  
PROPERTY LISTING DETAILS
Edmund Leung
Coldwell Banker Realty
BESbswy