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49 Bromley Ct Daly City, CA 94015

3 Beds 2 Baths 1,470 sqft Built 1972

$988,000

List Price

$3,740

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $672.11
  • 5 Days on Market
  • MLS # : ML81818855
  • Updated Date : 11/04/2020 at 17:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,470 sqft
  • Baths : 2 full
Listing Agent

Newvision Realty Group

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: Serramonte

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $342k1381k

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

Neighborhood: Serramonte

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
Skyline Elementary School Primary Regular 419 17 6
Westborough Middle School Middle Regular 640 29 8
El Camino High School High Regular 1,430 59 8

Skyline Elementary School

  • Education Level: Primary
  • # of students: 419
  • # of teachers: 17
6
GreatSchools Rating

Westborough Middle School

  • Education Level: Middle
  • # of students: 640
  • # of teachers: 29
8
GreatSchools Rating

El Camino High School

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

$889,200$1,086,800$988,000

PURCHASE PRICE

$3,366$4,114$3,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,740
EXPENSES Loan Payment -$3,645
Property Tax -$990
Property Insurance -$63
Property Management Fees -$146
CASH FLOW
-$1,103

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.

$988,000

PROJECTED PRICE

$3,740

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.7%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$267,570

INVESTMENT

$267,570

Down Payment
$247,000
Rehab Estimate
$5,750
Closing Costs
$14,820

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,645

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $247,000
Loan Amount $741,000
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$6,297

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
  • $3,840

    COMP ESTIMATED VALUE
  • $2.61

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6003$3,8004$3,9505$4,000
$4,000
RENT COMPS ANALYSIS
  • 49 Bromley Ct Daly City, CA 1
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 136 Casey Dr South San Francisco, CA 2
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1955
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.77
    •  
  • 3091 Medina Dr San Bruno, CA 3
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1963
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.64
    •  
  • 3854 Howard Ct South San Francisco, CA 4
    • 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1972
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.56
    •  
  • 557 Serra Dr South San Francisco, CA 5
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1955
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.48
    •  
PROPERTY LISTING DETAILS
Molly Brady
Newvision Realty Group
BESbswy