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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $673.03
- 7 Days on Market
- MLS # : ML81824499
- Updated Date : 01/05/2021 at 11:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,780 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Numerous updates, great location, and iconic views its all here at this attached single-family home tucked away at the end of a cul-de-sac. The floor plan is open and spacious with beautiful engineered wood floors on the main level, a flexible layout for living, dining, and todays office needs, including a large family room, plus an open, granite-finished gourmet kitchen with stainless steel appliances. The homes 3 bedrooms are privately located upstairs, including the primary suite and two bedrooms that look out to the iconic hillside with the historic South San Francisco sign. Adding to the appeal of this lovely home is an attached 2-car garage with direct access to the home plus a private rear yard with plenty of room for play and/or gardening. Plus, with Westborough shops and restaurants and Highway 280 access less than one mile away, this is a wonderfully convenient place to call home.
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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: Westborough
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westborough
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,200 |
| EXPENSES | Loan Payment | -$4,161 |
| Property Tax | -$1,225 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$164 | |
|
CASH FLOW
-$1,420
|
||
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.
$1,198,000
PROJECTED PRICE
$4,200
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 10.2% |
| 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
$323,220
LOAN DETAILS
$4,161
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $299,500 |
| Loan Amount | $898,500 |
0.58
YEARS SAVED
$2,883
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,200
LIST RENT -
$2.36
LIST RENT PER SQFT
-
$4,628
COMP ESTIMATED VALUE -
$2.6
COMP AVG. RENT PER SQFT
Comps Range
-
3606 Bassett Ct South San Francisco, CA 3
- 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 1970 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 1970
- Rent
- Rent Per SQFT
- $4,200
- $2.36
-
3091 Medina Dr San Bruno, CA 1
- 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1963
LEASED 07/17/20- Rent
- Rent Per SQFT
- $3,800
- $2.64
-
557 Serra Dr South San Francisco, CA 2
- 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
-
3601 Fleetwood Dr San Bruno, CA 4
- 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1964
LEASED 06/19/20- Rent
- Rent Per SQFT
- $4,500
- $2.73
-
3850 Madera Way San Bruno, CA 5
- 4 beds 3 baths ∙ 1,960 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,960 Sqft ∙ Built 1959
LEASED 05/30/20- Rent
- Rent Per SQFT
- $4,995
- $2.55
PROPERTY LISTING DETAILS
Coldwell Banker Realty
