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575 Price St Daly City, CA 94014

4 Beds 2 Baths 1,770 sqft Built 1976

INVESTimate

$999,000

List Price

$4,230

$3,980 - $4,480

Rent Est.

$1,124,874  ( +12.60%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $564.41
  • 6 Days on Market
  • MLS # : ML81805482
  • Updated Date : 08/25/2020 at 14:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,770 sqft
  • Baths : 2 full
Listing Agent

Kw Peninsula Estates

Listing Agent's Description

Incredible opportunity to own a 4 bedroom, 3 bath home, 1770 square feet of living space, 2,750 square foot lot, 2 car side by side garage with two additional parking on driveway. The top floor offers 3 bedrooms, 1 bath, light filled open floor plan living room/dining room with updated electrical, new recess light and hardwood floor. New interior and exterior paint and light fixtures. Seller just got approved permit to build two decks on each bedroom with stairs down to the backyard. The bottom floor offers a 1 bedroom,1 bath, and family room. The backyard is super low maintenance with a concrete patio ready for all your family gatherings with so many fruit trees ready for your enjoyment. Close to shopping, restaurants, BART, highways 101/280, schools and much more!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Blossom Valley

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $344k1404k

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

Neighborhood: Blossom Valley

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
John F. Kennedy Elementary School Primary Regular 418 19 4
Thomas R. Pollicita Middle School Middle Regular 696 29 4
Terra Nova High School High Regular 1,037 46 8

John F. Kennedy Elementary School

  • Education Level: Primary
  • # of students: 418
  • # of teachers: 19
4
GreatSchools Rating

Thomas R. Pollicita Middle School

  • Education Level: Middle
  • # of students: 696
  • # of teachers: 29
4
GreatSchools Rating

Terra Nova High School

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

$899,100$1,098,900$999,000

PURCHASE PRICE

$3,807$4,653$4,230

RENT

DOWN PAYMENT
FINANCING

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-$20k-$10k$0.0$10k$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$3.5M$4.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,230
EXPENSES Loan Payment -$3,686
Property Tax -$1,084
Property Insurance -$70
Property Management Fees -$165
CASH FLOW
-$775

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.

$999,000

PROJECTED PRICE

$4,230

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.60%
Maintenance Year (1-5) 8.00%
Vacancy 5.61%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,485

INVESTMENT

$270,485

Down Payment
$249,750
Rehab Estimate
$5,750
Closing Costs
$14,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,686

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,750
Loan Amount $749,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$22,175

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,230

    LIST RENT
  • $2.39

    LIST RENT PER SQFT
  • $4,496

    COMP ESTIMATED VALUE
  • $2.54

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$4,230
$4,230
RENT COMPS ANALYSIS
  • 575 Price St Daly City, 2
    • 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $4,230
    • $2.39
    •  
  • 44 Santa Elena Ave Daly City, 1
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1959
    LEASED 04/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.54
    •  
PROPERTY LISTING DETAILS
Serena Lei-ng
Kw Peninsula Estates
BESbswy