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381 Skyline Dr 
Daly City, CA
94015
4 Beds 3 Baths 1,885 sqft
Built 1956
INVESTimate
$1,128,000
List Price
$304,670
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PROPERTY INFO
FACTS
- Built In 1956
- Price/Sqft : $598.41
- 1 Days on Market
- MLS # : ML81807775
- Updated Date : 08/26/2020 at 00:25
CONSTRUCTION
- Beds : 4
- Floor Size : 1,885 sqft
- Baths : 3 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Welcome to this remodeled Westlake Palisades home built by Henry Doelger in 1956. Main level offers a living room with a fireplace and ocean views, dining area adjoining the spacious kitchen that has 2 built-in ovens, Bosch dishwasher, new cooktop and vent as well as ice-making refrigerator. .3 bedrooms and 2 full bathrooms; the 2nd bathroom recently renovated completes this floor! Downstairs is a legal bedroom, full bathroom and large family room with sliding patio doors to the backyard! Garage accommodates 2 cars parked in tandem as well as a car pad at the front of the home. Also room in the driveway for 2 more cars parked in tandem! This home is conveniently located to Skyline Plaza with the the very popular 99 Ranch Market!
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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: Costal
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Costal
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,550 |
| EXPENSES | Loan Payment | -$4,162 |
| Property Tax | -$1,213 | |
| Property Insurance | -$73 | |
| Property Management Fees | -$177 | |
|
CASH FLOW
-$1,075
|
||
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.
$1,128,000
PROJECTED PRICE
$4,550
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 10.22% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.61% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$304,670
LOAN DETAILS
$4,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $282,000 |
| Loan Amount | $846,000 |
1.58
YEARS SAVED
$14,324
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
-
$4,587
COMP ESTIMATED VALUE -
$2.43
COMP AVG. RENT PER SQFT
Comps Range
-
381 Skyline Dr Daly City, 1
- 4 beds 3 baths ∙ 1,885 Sqft ∙ Built 1956 4 beds 3 baths ∙ 1,885 Sqft ∙ Built 1956
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
21 Wembley Dr Daly City, 2
- 3 beds 4 baths ∙ 2,050 Sqft ∙ Built 1971 3 beds 4 baths ∙ 2,050 Sqft ∙ Built 1971
![property image]()
LEASED 05/03/20- Rent
- Rent Per SQFT
- $4,200
- $2.05
-
441 Saint Francis Daly City, 3
- 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1959 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1959
![property image]()
LEASED 08/18/20- Rent
- Rent Per SQFT
- $4,500
- $2.25
-
16 Westdale Daly City, 4
- 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1950
![property image]()
LEASED 07/10/20- Rent
- Rent Per SQFT
- $4,800
- $3.00
PROPERTY LISTING DETAILS
Coldwell Banker Realty
