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309 Alta Loma Dr South San Francisco, CA 94080

3 Beds 3 Baths 1,464 sqft Built 1951

INVESTimate

$1,475,000

List Price

$4,200

$3,950 - $4,450

Rent Est.

$1,637,398  ( +11.01%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1951
  • Price/Sqft : $1,007.51
  • 2 Days on Market
  • MLS # : ML81806588
  • Updated Date : 08/25/2020 at 20:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,464 sqft
  • Baths : 2 full , 1 half
Listing Agent

Better Homes And Gardens Real Estate Jff

Listing Agent's Description

Tucked away in one of the most peaceful and desirable neighborhoods in South San Francisco. This newly renovated home offers 3 bedrooms, 2.5 bathrooms, an eat-in-kitchen/living room/dining room living space, and a massive deck with low maintenance turf. Appliances include: Bertazzoni gas range, Zephyr hood, and Bosch fridge. Recent upgrades include newer roof, double pane windows, wood flooring, recessed lighting, and central sound system. Commuters dream with easy access to Hwy 280 and Hwy 101, taking you north to San Francisco or south to San Jose. Short drive to Trader Joe's, Costco, and the South SF Bart Station. Check it out today!

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: Sterling Manor

ZipNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $392k1381k

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

Neighborhood: Sterling Manor

ZipNIR 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
Buri Buri Elementary School Primary Regular 625 26 6
Alta Loma Middle School Middle Regular 746 33 6
El Camino High School High Regular 1,430 59 8

Buri Buri Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 26
6
GreatSchools Rating

Alta Loma Middle School

  • Education Level: Middle
  • # of students: 746
  • # of teachers: 33
6
GreatSchools Rating

El Camino High School

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

$1,327,500$1,622,500$1,475,000

PURCHASE PRICE

$3,780$4,620$4,200

RENT

DOWN PAYMENT
FINANCING

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-$50k-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,200
EXPENSES Loan Payment -$5,442
Property Tax -$1,487
Property Insurance -$62
Property Management Fees -$164
CASH FLOW
-$2,955

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.

$1,475,000

PROJECTED PRICE

$4,200

PROJECTED RENT

0.28%

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$396,625

INVESTMENT

$396,625

Down Payment
$368,750
Rehab Estimate
$5,750
Closing Costs
$22,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,442

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $368,750
Loan Amount $1,106,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$24

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
  • $4,304

    COMP ESTIMATED VALUE
  • $2.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,6004$3,9005$4,250
$4,250
RENT COMPS ANALYSIS
  • 309 Alta Loma Dr South San Francisco, 1
    • 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 1951 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 74 Norwood Ave Daly City, 2
    • 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1971
    LEASED 03/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.93
    •  
  • 136 Casey Dr South San Francisco, 3
    • 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
    •  
  • 210 Northwood Dr South San Francisco, 4
    • 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1947
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $3.07
    •  
  • 2440 Wexford Ave South San Francisco, 5
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1964
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.99
    •  
PROPERTY LISTING DETAILS
Luis Vasquez
Better Homes And Gardens Real Estate Jff
BESbswy