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572 Verducci Dr Daly City, CA 94015

3 Beds 3 Baths 1,870 sqft Built 1967

$1,178,888

List Price

$3,930

$3.7K - $4.2K

Rent Est.

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

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
 

$1,060,999$1,296,777$1,178,888

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 -$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

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$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$318,155

INVESTMENT

$318,155

Down Payment
$294,722
Rehab Estimate
$5,750
Closing Costs
$17,683

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,350

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $294,722
Loan Amount $884,166
See What Happens When You Reinvest Cash Flow

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
$3,930
1$3,9302$3,9953$4,0004$4,2005$4,200
$4,200
RENT COMPS ANALYSIS
  • 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
    •  
  • 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
    • $2.10
    •  
  • 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
Jose Valle
Compass
BESbswy