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364 Woodrow St Daly City, CA 94014

3 Beds 2 Baths 1,080 sqft Built 1950

INVESTimate

$1,080,000

List Price

$3,510

$3,260 - $3,760

Rent Est.

$291,950

Investment Est.

$1,220,292  ( +12.99%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1950
  • Price/Sqft : $1,000.00
  • 3 Days on Market
  • MLS # : ML81807523
  • Updated Date : 08/25/2020 at 22:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,080 sqft
  • Baths : 2 full
Listing Agent

Channel Real Estate Inc

Listing Agent's Description

Fully Detached Home with plenty of natural light. Large main kitchen has been updated with wood cabinetry, quartz countertops and backsplashes, and tile flooring. Refinished hardwood flooring throughout the well-lit living room with fireplace and dining room on the upper floor. 2 Bedrooms with one having access to a large deck. Additional large bedroom, family room, kitchen, and bathroom downstairs with a separate entrance. Large separate storage shed in paved backyard with areas to garden along the perimeter. Home is near to BART, walking distance to a shopping center and restaurants, and quick access to 280.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Vista Grande

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $321k1381k

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

Neighborhood: Vista Grande

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $15214566

* 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
Woodrow Wilson Elementary School Primary Regular 366 15 2
Ben Franklin Intermediate School Middle Regular 696 29 6
Terra Nova High School High Regular 1,037 46 8

Woodrow Wilson Elementary School

  • Education Level: Primary
  • # of students: 366
  • # of teachers: 15
2
GreatSchools Rating

Ben Franklin Intermediate School

  • Education Level: Middle
  • # of students: 696
  • # of teachers: 29
6
GreatSchools Rating

Terra Nova High School

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

FINANCIALS

Learn how to read this

$972,000$1,188,000$1,080,000

PURCHASE PRICE

$3,159$3,861$3,510

RENT

DOWN PAYMENT
FINANCING
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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

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,510
EXPENSES Loan Payment -$3,985
Property Tax -$1,162
Property Insurance -$53
Property Management Fees -$137
CASH FLOW
-$1,827

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.

$1,080,000

PROJECTED PRICE

$3,510

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.98%
Appreciation Year (1-5) 12.99%
Maintenance Year (1-5) 8.00%
Vacancy 6.18%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$291,950

INVESTMENT

$291,950

Down Payment		 $270,000
Rehab Estimate		 $5,750
Closing Costs		 $16,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,985

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $270,000
Loan Amount $810,000
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$72

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,510

    LIST RENT

  • $3.25

    LIST RENT PER SQFT

  • $3,634

    COMP ESTIMATED VALUE

  • $3.37

    COMP AVG. RENT PER SQFT
Comps Range
$3,510
1$3,5102$3,9973$4,200
$4,200
RENT COMPS ANALYSIS
  • 364 Woodrow St Daly City, 1
    • 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $3,510
    • $3.25
    •  
  • 627 Midway Ave Daly City, 2
    • 3 beds 1 baths ∙ 1,170 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,170 Sqft ∙ Built 1947
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,997
    • $3.42
    •  
  • 59 Southdale Ave Daly City, 3
    • 4 beds 2 baths ∙ 1,270 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,270 Sqft ∙ Built 1959
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $3.31
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Joel Leon
Channel Real Estate Inc

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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