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PROPERTY INFO
FACTS
- Single Family
- Built In 1925
- Price/Sqft : $854.47
- 4 Days on Market
- MLS # : ML81820101
- Updated Date : 11/12/2020 at 17:08
CONSTRUCTION
- Beds : 2
- Floor Size : 1,285 sqft
- Baths : 2 full
Listing Agent
Harper Real Estate
Listing Agent's Description
6 blocks from downtown San Bruno, this 2 BR, 2 BA home w/family rm or 3rd bed, w/additional 3-room casita is a must-see. Inviting living room w/decorative brick fireplace, custom shelves + reclaimed solid hickory floors extends into kitchen w/stainless steel appliances, illuminated glass-front cabinets + white subway tile backsplash. Adjacent hallway connects 2 well-sized bedrooms + full bathroom. Focal point is remodeled great room w/space for relaxation + dining + additional full bathroom. Great room opens up to landscaped backyard w/ample space for entertaining + entry to casita, currently configured to include space for laundry, playroom + large home office, but can be adapted for additional bedroom. Home boasts Cat 5 wiring, fresh interior + exterior painting, new windows, gutters, + 5-year-old roof. Green spaces nearby: San Bruno City Park, Junipero Serra Park + Green Hills Country Club. Ideally placed for travel into SF, Silicon Valley + beyond via 82, 101, 280, BART + Caltrain.
SEE MORE
MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Huntington Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Huntington Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,570 |
| EXPENSES | Loan Payment | -$4,051 |
| Property Tax | -$992 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$139 | |
|
CASH FLOW
-$1,670
|
||
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.
$1,098,000
PROJECTED PRICE
$3,570
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 13.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.61% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$296,720
LOAN DETAILS
$4,051
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $274,500 |
| Loan Amount | $823,500 |
0.25
YEARS SAVED
$483
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
-
$3,727
COMP ESTIMATED VALUE -
$2.9
COMP AVG. RENT PER SQFT
Comps Range
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413 Hazel Ave San Bruno, CA 1
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- Rent
- Rent Per SQFT
- $0
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-
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- 2 beds 1 baths ∙ 1,380 Sqft ∙ Built 1941 2 beds 1 baths ∙ 1,380 Sqft ∙ Built 1941
LEASED 10/29/20- Rent
- Rent Per SQFT
- $3,350
- $2.43
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26 Spruce St Millbrae, CA 3
- 2 beds 2 baths ∙ 1,040 Sqft ∙ Built 1941 2 beds 2 baths ∙ 1,040 Sqft ∙ Built 1941
LEASED 06/07/19- Rent
- Rent Per SQFT
- $3,500
- $3.37
PROPERTY LISTING DETAILS
Harper Real Estate
