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531 Francisco Dr Burlingame, CA 94010

3 Beds 2 Baths 1,590 sqft Built 1929

$1,975,000

List Price

$4,810

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1929
  • Price/Sqft : $1,242.14
  • 4 Days on Market
  • MLS # : ML81820818
  • Updated Date : 11/21/2020 at 10:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,590 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Absolutely stunning with a reflection of early California and the mesmerizing magic of Spanish charm. The curb appeal is contagious from all angles of the wide, tree lined street. Three spacious bedrooms, abundant closet space, and a floorplan for easy flow defines the reality of comfort and convenience. Living room with high barreled ceiling, arched insets, classic fireplace, and windows that drench the quarters with an abundance of natural light. Gleaming hardwood floors ignite with color and flow to a formal dining room. Pronounced doors, windows, trim, and nooks all come together to portray a character and ambiance that is both welcoming and cherished. Large eat in kitchen with stainless appliances and a surplus of cabinetry and counter space. Ground level is a massive garage/entertainment area with laundry, updated bath and office. The rear yard is remarkable in its size, condition, and landscaping. Excellent schools and convenient location near all that Burlingame has to offer.

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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: Burlingame Shore

NeighborhoodNIR Market*CityMarket2010Year20002019600k800k1000k1200k1400k1600k1800k2000k2200kPrice in $450k2244k

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

Neighborhood: Burlingame Shore

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2250030003500400045005000550060006500Rent in $21976933

* 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
Mckinley Elementary School Primary Regular 522 23 8
Burlingame Intermediate School Middle Regular 1,004 46 9
Burlingame High School High Regular 1,316 64 10

Mckinley Elementary School

  • Education Level: Primary
  • # of students: 522
  • # of teachers: 23
8
GreatSchools Rating

Burlingame Intermediate School

  • Education Level: Middle
  • # of students: 1,004
  • # of teachers: 46
9
GreatSchools Rating

Burlingame High School

  • Education Level: High
  • # of students: 1,316
  • # of teachers: 64
10
GreatSchools Rating
 

$1,777,500$2,172,500$1,975,000

PURCHASE PRICE

$4,329$5,291$4,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,810
EXPENSES Loan Payment -$7,287
Property Tax -$1,924
Property Insurance -$66
Property Management Fees -$188
CASH FLOW
-$4,654

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.

$1,975,000

PROJECTED PRICE

$4,810

PROJECTED RENT

0.24%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.92%
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$7.0M

PROJECTED ANNUAL CASH FLOW

11530-$70k-$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$7.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$529,125

INVESTMENT

$529,125

Down Payment
$493,750
Rehab Estimate
$5,750
Closing Costs
$29,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$7,287

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $493,750
Loan Amount $1,481,250
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$221

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
  • $5,446

    COMP ESTIMATED VALUE
  • $3.43

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,6953$4,8504$5,3005$5,750
$5,750
RENT COMPS ANALYSIS
  • 531 Francisco Dr Burlingame, CA 1
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1929 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1929
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 711 Neuchatel Ave Burlingame, CA 2
    • 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1947
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,695
    • $3.41
    •  
  • 722 Linden Ave Burlingame, CA 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1926 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1926
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,850
    • $3.46
    •  
  • 817 Linden Ave Burlingame, CA 4
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1928 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1928
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,300
    • $3.51
    •  
  • 1112 Lincoln Ave Burlingame, CA 5
    • 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1933 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1933
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,750
    • $3.32
    •  
PROPERTY LISTING DETAILS
Mike Bohnert
Compass
BESbswy