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PROPERTY INFO
FACTS
- Single Family
- Built In 1967
- Price/Sqft : $630.42
- 15 Days on Market
- MLS # : ML81821661
- Updated Date : 12/11/2020 at 19:58
CONSTRUCTION
- Beds : 3
- Floor Size : 1,870 sqft
- Baths : 2 full , 1 half
Listing Agent
Compass
Listing Agent's Description
Rare fully permitted open concept home in Daly City! This traditional 3 bedroom 2.5 bath home is a perfect blend of modern luxury and practical detail. The home features a newly upgraded open concept kitchen with stainless steel appliances, granite countertops, and recessed LED lighting throughout. Dont miss the beautiful bamboo flooring, surround sound and the LED electrical fireplace in the living room. The universally compatible WiFi panel locker is ideal for anyone working from home. The guest bathroom and bedrooms feature radiant heated flooring and the generous closets in each of the bedrooms and hallway have been upgraded with custom storage solutions. The ensuite bathroom in the main bedroom has brand new tile flooring and a quartz countertop vanity. The oversized downstairs bonus room has new laminate flooring, a half bathroom and access to the outdoor living space, this room can easily be converted into a home office, playroom, or in-law unit. New front yard landscape too!
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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: Serramonte
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Serramonte
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,930 |
| EXPENSES | Loan Payment | -$4,350 |
| Property Tax | -$1,183 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$153 | |
|
CASH FLOW
-$1,828
|
||
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.
$1,178,888
PROJECTED PRICE
$3,930
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$318,155
LOAN DETAILS
$4,350
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $294,722 |
| Loan Amount | $884,166 |
0.17
YEARS SAVED
$359
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 -
$2.1
LIST RENT PER SQFT
-
$4,259
COMP ESTIMATED VALUE -
$2.28
COMP AVG. RENT PER SQFT
Comps Range
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572 Verducci Dr Daly City, CA 1
- 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1967 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1967
- Rent
- Rent Per SQFT
- $3,930
- $2.10
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3849 Shamrock Court South San Francisco, CA 2
- 4 beds 3 baths ∙ 1,900 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,900 Sqft ∙ Built 1960
LEASED 12/10/20- Rent
- Rent Per SQFT
- $3,995
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557 Serra Dr South San Francisco, CA 3
- 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
-
617 Sharp Park Rd Pacifica, CA 4
- 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 1984
LEASED 04/18/20- Rent
- Rent Per SQFT
- $4,200
- $2.48
-
21 Wembley Dr Daly City, CA 5
- 3 beds 4 baths ∙ 2,050 Sqft ∙ Built 1971 3 beds 4 baths ∙ 2,050 Sqft ∙ Built 1971
LEASED 05/03/20- Rent
- Rent Per SQFT
- $4,200
- $2.05
PROPERTY LISTING DETAILS
Compass
