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403 W Orange Ave South San Francisco, CA 94080

4 Beds 3 Baths 1,940 sqft Built 1989

$1,250,000

List Price

$4,200

$4K - $4.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $644.33
  • 4 Days on Market
  • MLS # : ML81817744
  • Updated Date : 11/06/2020 at 16:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,940 sqft
  • Baths : 2 full , 1 half
Listing Agent

Economic Concepts

Listing Agent's Description

Large 4 bedroom, 2.5 bath 1,940 sqft home. Updated kitchen, new vinyl flooring, dining, living room, half bath and laundry downstairs while all four bedrooms and two full baths are upstairs including an office area and huge master bedroom suite with vaulted ceilings and built in cabinetry. Views of San Bruno Mountain. One enclosed garage and one covered carport. Fully sprinklered. All reports and disclosures available. Home needs a bit of tlc. Walking distance to Orange Park, Fernekes Recreation Building, Los Cerritos Elementary and SSF High School.

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: Rancho Buri Buri

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $375k1381k

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

Neighborhood: Rancho Buri Buri

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $14524566

* 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
Los Cerritos Elementary School Primary Regular 279 12 3
Alta Loma Middle School Middle Regular 746 33 6
South San Francisco High School High Regular 1,403 58 6

Los Cerritos Elementary School

  • Education Level: Primary
  • # of students: 279
  • # of teachers: 12
3
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
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,780$4,620$4,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,200
EXPENSES Loan Payment -$4,612
Property Tax -$1,256
Property Insurance -$74
Property Management Fees -$164
CASH FLOW
-$1,905

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.

$1,250,000

PROJECTED PRICE

$4,200

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.0%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$511

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
  • $4,210

    COMP ESTIMATED VALUE
  • $2.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8003$4,2004$4,295
$4,295
RENT COMPS ANALYSIS
  • 403 W Orange Ave South San Francisco, CA 1
    • 4 beds 3 baths ∙ 1,940 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,940 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 603 Stonegate Dr South San Francisco, CA 2
    • 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 1981
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.33
    •  
  • 20 Livingston Terrace Dr San Bruno, CA 3
    • 3 beds 3 baths ∙ 1,910 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,910 Sqft ∙ Built 1989
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $2.20
    •  
  • 805 La Montagne Pl South San Francisco, CA 4
    • 3 beds 4 baths ∙ 2,170 Sqft ∙ Built 2007 3 beds 4 baths ∙ 2,170 Sqft ∙ Built 2007
    property image
    LEASED 06/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,295
    • $1.98
    •  
PROPERTY LISTING DETAILS
Michael G Verdone
Economic Concepts
BESbswy