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41 Huntington Dr Daly City, CA 94015

3 Beds 2 Baths 1,490 sqft Built 1959

$924,888

List Price

$3,990

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $620.73
  • 3 Days on Market
  • MLS # : BE40932978
  • Updated Date : 01/01/2021 at 16:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,490 sqft
  • Baths : 2 full
Listing Agent

Sereno Group, Inc

Listing Agent's Description

Contractors Special in the highly desirable Westlake neighborhood of Daly City. 3 bedrooms and 2 bath upstairs PLUS HUGE bonus room downstairs at the garage level, two-car garage and low maintenance yard, yet there is ample space for gardening. Classic parquet flooring. Property is being sold in AS-IS condition. Endless possibilities. Close to Westlake Shopping Center, Serramonte Shopping Center, BART & Bus station, 99 Ranch Market, restaurants, schools, central freeways, 15-minute drive to downtown San Francisco and SFO.

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: St. Francis Heights

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $344k1381k

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

Neighborhood: St. Francis Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q218002000220024002600280030003200340036003800400042004400Rent in $16104566

* 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
Thomas Edison Elementary School Primary Regular 407 15 6
Fernando Rivera Middle School Middle Regular 477 21 8
Terra Nova High School High Regular 1,037 46 8

Thomas Edison Elementary School

  • Education Level: Primary
  • # of students: 407
  • # of teachers: 15
6
GreatSchools Rating

Fernando Rivera Middle School

  • Education Level: Middle
  • # of students: 477
  • # of teachers: 21
8
GreatSchools Rating

Terra Nova High School

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

$832,399$1,017,377$924,888

PURCHASE PRICE

$3,591$4,389$3,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,990
EXPENSES Loan Payment -$3,412
Property Tax -$1,012
Property Insurance -$63
Property Management Fees -$156
CASH FLOW
-$653

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.

$924,888

PROJECTED PRICE

$3,990

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 13.0%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$250,845

INVESTMENT

$250,845

Down Payment
$231,222
Rehab Estimate
$5,750
Closing Costs
$13,873

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,412

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $231,222
Loan Amount $693,666
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$24,880

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,990

    LIST RENT
  • $2.68

    LIST RENT PER SQFT
  • $4,589

    COMP ESTIMATED VALUE
  • $3.08

    COMP AVG. RENT PER SQFT
Comps Range
$3,990
1$3,9902$4,3003$4,800
$4,800
RENT COMPS ANALYSIS
  • 41 Huntington Dr Daly City, CA 1
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,990
    • $2.68
    •  
  • 206 Avalon Dr Daly City, CA 2
    • 4 beds 3 baths ∙ 1,360 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,360 Sqft ∙ Built 1974
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $3.16
    •  
  • 16 Westdale Daly City, CA 3
    • 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
Bobbie Lacanlale
Sereno Group, Inc
BESbswy