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443 Forest View Dr South San Francisco, CA 94080

3 Beds 2 Baths 1,240 sqft Built 1954

$1,128,000

List Price

$3,670

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $909.68
  • 3 Days on Market
  • MLS # : ML81826051
  • Updated Date : 01/15/2021 at 20:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,240 sqft
  • Baths : 2 full
Listing Agent

Realty World-martinelli Properties

Listing Agent's Description

Superb ranch style floor plan showcases this warm and inviting 3 bedroom 2 bathroom home. Well-appointed living room with wood burning fireplace. Open great room with a remodeled kitchen. This property has numerous features; beautiful hardwood floors, dual pane windows, remodeled main bathroom, skylight, an electric vehicle hookup in the attached 2 car garage and a French drain are just the tip of the iceberg. It is a lovely home that is move in ready in the coveted Sunshine Gardens neighborhood. The home has a generous living area that flows beautifully exuding a sense of comfort and charm.

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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: Sunshine Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $367k1381k

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

Neighborhood: Sunshine Gardens

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q218002000220024002600280030003200340036003800400042004400Rent in $16334566

* 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
Sunshine Gardens Elementary School Primary Regular 405 17 3
Parkway Heights Middle School Middle Regular 628 28 4
El Camino High School High Regular 1,430 59 8

Sunshine Gardens Elementary School

  • Education Level: Primary
  • # of students: 405
  • # of teachers: 17
3
GreatSchools Rating

Parkway Heights Middle School

  • Education Level: Middle
  • # of students: 628
  • # of teachers: 28
4
GreatSchools Rating

El Camino High School

  • Education Level: High
  • # of students: 1,430
  • # of teachers: 59
8
GreatSchools Rating
 

$1,015,200$1,240,800$1,128,000

PURCHASE PRICE

$3,303$4,037$3,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,670
EXPENSES Loan Payment -$3,918
Property Tax -$1,137
Property Insurance -$57
Property Management Fees -$143
CASH FLOW
-$1,585

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

$3,670

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.7%
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-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$304,670

INVESTMENT

$304,670

Down Payment
$282,000
Rehab Estimate
$5,750
Closing Costs
$16,920

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,918

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $282,000
Loan Amount $846,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$479

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,670

    LIST RENT
  • $2.96

    LIST RENT PER SQFT
  • $3,621

    COMP ESTIMATED VALUE
  • $2.92

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,6703$3,900
$3,900
RENT COMPS ANALYSIS
  • 443 Forest View Dr South San Francisco, CA 2
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,670
    • $2.96
    •  
  • 136 Casey Dr South San Francisco, CA 1
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1955
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.77
    •  
  • 210 Northwood Dr South San Francisco, CA 3
    • 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1947
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $3.07
    •  
PROPERTY LISTING DETAILS
Silvia Martinelli
Realty World-martinelli Properties
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