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373 Zamora Dr South San Francisco, CA 94080

4 Beds 2 Baths 1,710 sqft Built 1955

INVESTimate

$1,258,000

List Price

$4,120

$3,870 - $4,370

Rent Est.

$1,396,506  ( +11.01%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1955
  • Price/Sqft : $735.67
  • 5 Days on Market
  • MLS # : ML81803809
  • Updated Date : 08/23/2020 at 10:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,710 sqft
  • Baths : 2 full
Listing Agent

Golden Gate Sotheby's Intl

Listing Agent's Description

Fabulous light-filled and meticulously maintained Avalon Park home at the end of the cul de sac! Ready to move in with all the modern-luxury amenities and refreshed paint, refinished hardwood flooring, etc. There are three bedrooms and one full bath on the main floor as well as one-bedroom, family room, and a full bath downstairs, which can potentially be used an in-law suite. Enjoy the sunny, fenced, and private back yard with lush-organic landscaping and fruit bearing trees just a few steps down from the main level. A full two-car garage with interior access ,and ample storage space. Easy access to hwy 280, parks, shops, and the many amenities that the neighborhood and city have to offer.

SEE MORE

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: Avalon Park

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $392k1381k

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

Neighborhood: Avalon Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q218002000220024002600280030003200340036003800400042004400Rent in $16864566

* 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
Ponderosa Elementary School Primary Regular 441 20 7
Alta Loma Middle School Middle Regular 746 33 6
South San Francisco High School High Regular 1,403 58 6

Ponderosa Elementary School

  • Education Level: Primary
  • # of students: 441
  • # of teachers: 20
7
GreatSchools Rating

Alta Loma Middle School

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

South San Francisco High School

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

$1,132,200$1,383,800$1,258,000

PURCHASE PRICE

$3,708$4,532$4,120

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

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,120
EXPENSES Loan Payment -$4,641
Property Tax -$1,268
Property Insurance -$68
Property Management Fees -$161
CASH FLOW
-$2,018

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.

$1,258,000

PROJECTED PRICE

$4,120

PROJECTED RENT

0.33%

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$339,120

INVESTMENT

$339,120

Down Payment
$314,500
Rehab Estimate
$5,750
Closing Costs
$18,870

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,641

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $314,500
Loan Amount $943,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$215

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
  • $4,677

    COMP ESTIMATED VALUE
  • $2.74

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8003$4,0004$4,4005$5,000
$5,000
RENT COMPS ANALYSIS
  • 373 Zamora Dr South San Francisco, 1
    • 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2860 Medina Dr San Bruno, 2
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1963
    property image
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.66
    •  
  • 2500 Tipperary Ave South San Francisco, 3
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1963
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.67
    •  
  • 2300 Evergreen Dr San Bruno, 4
    • 4 beds 3 baths ∙ 1,580 Sqft ∙ Built 1956 4 beds 3 baths ∙ 1,580 Sqft ∙ Built 1956
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $2.78
    •  
  • 2800 Oakmont Dr San Bruno, 5
    • 5 beds 2 baths ∙ 1,765 Sqft ∙ Built 1963 5 beds 2 baths ∙ 1,765 Sqft ∙ Built 1963
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.83
    •  
PROPERTY LISTING DETAILS
Dev Parikh
Golden Gate Sotheby's Intl
BESbswy