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510 Brighton Rd Pacifica, CA 94044

4 Beds 3 Baths 2,480 sqft Built 1989

$1,725,000

List Price

$5,210

$5K - $5.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $695.56
  • 6 Days on Market
  • MLS # : ML81818065
  • Updated Date : 11/02/2020 at 14:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,480 sqft
  • Baths : 3 full
Listing Agent

Excel Realty Inc.

Listing Agent's Description

You will Love this Spacious Ocean View Home look no further! Quiet neighborhood in East Sharp Park. Includes 4 bedrooms, 3 bathrooms, family room and a Living room with a Beautiful Ocean view over looking Pacifica. Private back yard with a large deck, RV parking and much more. This is a Choice location just a short walk to the Beach. 20 minute drive to downtown SF. Parks, restaurants, shops, church's and schools are a quick walk away Easy access to HWY 1 and 280 Freeway., This house is a must see!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Brighton Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $344k1381k

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

Neighborhood: Brighton Terrace

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $15764566

* 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
Ocean Shore Elementary School Primary Regular 414 17 8
Ocean Shore Elementary School Middle Regular 414 17 8
Terra Nova High School High Regular 1,037 46 8

Ocean Shore Elementary School

  • Education Level: Primary
  • # of students: 414
  • # of teachers: 17
8
GreatSchools Rating

Ocean Shore Elementary School

  • Education Level: Middle
  • # of students: 414
  • # of teachers: 17
8
GreatSchools Rating

Terra Nova High School

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

$1,552,500$1,897,500$1,725,000

PURCHASE PRICE

$4,689$5,731$5,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,210
EXPENSES Loan Payment -$6,364
Property Tax -$1,903
Property Insurance -$87
Property Management Fees -$203
CASH FLOW
-$3,347

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.

$1,725,000

PROJECTED PRICE

$5,210

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.7%
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$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

PROJECTED ANNUAL CASH FLOW

11530-$60k-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$462,875

INVESTMENT

$462,875

Down Payment
$431,250
Rehab Estimate
$5,750
Closing Costs
$25,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$6,364

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $431,250
Loan Amount $1,293,750
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$9

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,210

    LIST RENT
  • $2.1

    LIST RENT PER SQFT
  • $4,365

    COMP ESTIMATED VALUE
  • $1.76

    COMP AVG. RENT PER SQFT
Comps Range
$4,950
1$4,9502$5,210
$5,210
RENT COMPS ANALYSIS
  • 510 Brighton Rd Pacifica, CA 2
    • 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $5,210
    • $2.10
    •  
  • 357 View Point Ct Pacifica, CA 1
    • 4 beds 4 baths ∙ 2,820 Sqft ∙ Built 1998 4 beds 4 baths ∙ 2,820 Sqft ∙ Built 1998
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $1.76
    •  
PROPERTY LISTING DETAILS
Elisa Brumley
Excel Realty Inc.
BESbswy