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32 Belford Dr Daly City, CA 94015

4 Beds 4 Baths 1,550 sqft Built 1952

$1,228,000

List Price

$4,000

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $792.26
  • 2 Days on Market
  • MLS # : ML81821142
  • Updated Date : 11/21/2020 at 18:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,550 sqft
  • Baths : 4 full
Listing Agent

Century 21 Realty Alliance

Listing Agent's Description

Highly desirable Westlake Highland 4 Bedrooms & 4 baths home. Features including living room with fireplace, updated kitchen with stainless steel appliances, granite countertops, freshly painted interior & exterior, newer roof, refinished hardwood floor. Conveniently located near Westlake Shopping Center, Safeway, Restaurants, and schools.

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: Westlake

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $344k1381k

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

Neighborhood: Westlake

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q218002000220024002600280030003200340036003800400042004400Rent in $16104566

* 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
Marjorie Helen Tobias School Primary Regular 401 16 8
Marjorie Helen Tobias School Middle Regular 401 16 8
Terra Nova High School High Regular 1,037 46 8

Marjorie Helen Tobias School

  • Education Level: Primary
  • # of students: 401
  • # of teachers: 16
8
GreatSchools Rating

Marjorie Helen Tobias School

  • Education Level: Middle
  • # of students: 401
  • # of teachers: 16
8
GreatSchools Rating

Terra Nova High School

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

$1,105,200$1,350,800$1,228,000

PURCHASE PRICE

$3,600$4,400$4,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,000
EXPENSES Loan Payment -$4,531
Property Tax -$1,321
Property Insurance -$65
Property Management Fees -$156
CASH FLOW
-$2,072

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.

$1,228,000

PROJECTED PRICE

$4,000

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.9%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$331,170

INVESTMENT

$331,170

Down Payment
$307,000
Rehab Estimate
$5,750
Closing Costs
$18,420

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $307,000
Loan Amount $921,000
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$88

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
  • $4,015

    COMP ESTIMATED VALUE
  • $2.59

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,395
$4,395
RENT COMPS ANALYSIS
  • 32 Belford Dr Daly City, CA 1
    • 4 beds 4 baths ∙ 1,550 Sqft ∙ Built 1952 4 beds 4 baths ∙ 1,550 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 154 Westdale Ave Daly City, CA 2
    • 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1949 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1949
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,395
    • $2.59
    •  
PROPERTY LISTING DETAILS
Bailey Cheung
Century 21 Realty Alliance
BESbswy