Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

527 Heathcliff Dr Pacifica, CA 94044

3 Beds 2 Baths 1,220 sqft Built 1955

$998,000

List Price

$3,930

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $818.03
  • 4 Days on Market
  • MLS # : ML81824893
  • Updated Date : 01/07/2021 at 11:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,220 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Enjoy the refreshing coastal lifestyle in the stunning hills of Pacifica! Upon entering, that certain warm feeling of home enfolds you. Tasteful upgrades and rich wood tones enhance the comfortable and restful setting throughout. The convenience of a ground-floor bedroom and full bathroom adds to the appeal of living in a two-story home. Ceiling speakers in the living room are present to accommodate your personal home entertainment system. A generous patio accompanied by a spacious back yard offer a great space for outdoor living and extends the opportunity of potentially adding a trendy in-law unit. There is ample storage and large closet space, in addition to, custom built-in furniture which adds a beneficial flare to the upper bedrooms and bathroom. This is a wonderful opportunity to live in a desirable community which offers an array of outdoor amenities such as hiking, surfing and golfing. Just minutes to the beach. Easy access to Hwy 1 and Skyline Blvd and a short drive to SF!

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: Pacific Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $326k1381k

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

Neighborhood: Pacific Highlands

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $15184566

* 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
 

$898,200$1,097,800$998,000

PURCHASE PRICE

$3,537$4,323$3,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,930
EXPENSES Loan Payment -$3,466
Property Tax -$1,113
Property Insurance -$57
Property Management Fees -$153
CASH FLOW
-$859

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.

$998,000

PROJECTED PRICE

$3,930

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.2%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,220

INVESTMENT

$270,220

Down Payment
$249,500
Rehab Estimate
$5,750
Closing Costs
$14,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,466

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,500
Loan Amount $748,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$11,390

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,930

    LIST RENT
  • $3.22

    LIST RENT PER SQFT
  • $3,907

    COMP ESTIMATED VALUE
  • $3.2

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,6003$3,8654$3,9005$3,930
$3,930
RENT COMPS ANALYSIS
  • 527 Heathcliff Dr Pacifica, CA 5
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,930
    • $3.22
    •  
  • 120 Simpson Dr Daly City, CA 1
    • 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1969 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1969
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.91
    •  
  • 198 Canterbury Ave Daly City, CA 2
    • 3 beds 1 baths ∙ 1,170 Sqft ∙ Built 1967 3 beds 1 baths ∙ 1,170 Sqft ∙ Built 1967
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $3.08
    •  
  • 178 Catalina Ave Pacifica, CA 3
    • 3 beds 1 baths ∙ 1,060 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,060 Sqft ∙ Built 1964
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,865
    • $3.65
    •  
  • 954 Vallejo Ter Pacifica, CA 4
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1959
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $3.17
    •  
PROPERTY LISTING DETAILS
Deborah Cozzolino
Coldwell Banker Realty
BESbswy