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606 Skyline Blvd San Bruno, CA 94066

3 Beds 3 Baths 2,110 sqft Built 1983

INVESTimate

$1,438,000

List Price

$4,480

$4,230 - $4,730

Rent Est.

$1,597,330  ( +11.08%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $681.52
  • 6 Days on Market
  • MLS # : ML81807283
  • Updated Date : 08/24/2020 at 16:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,110 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This one of a kind large,remodeled,bright view home is situated at the end of cul-de-sac tree-lined private street in the desirable Crest Moor Park.Main level:Living room & dining room has soaring cathedral ceilings.The family room has access to an exquisitely remodeled kitchen,a fantastic view deck & an in-door swimming pool over the bay views.Recently remodeled half bath. Laundry room w/newer washer & dryer.2-car parking garage w/plenty of storage area.Upper Level: Large master bedroom has bay views.Master bathroom w/powder room.Both the master bedroom and the 2nd bedroom have access to the sunroom/solarium overlooking the bay views.The 3rd bedroom comes w/a large walk in closet.The remodeled hallway full bathroom completes this level.Several skylights.Recessed lighting. Freshly painted inside.New European white oak hardwood floors in the main level & new carpeting from stairs to upper levels.3 fireplaces. New roof.Upgraded electric system.Near schools,stores,freeway,trails,airport.

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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: Crestmoore Park

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $366k1390k

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

Neighborhood: Crestmoore Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q218002000220024002600280030003200340036003800400042004400Rent in $17064566

* 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 Muir Elementary School Primary Regular 352 12 8
Parkside Intermediate School Middle Regular 859 36 5
Capuchino High School High Regular 1,105 60 7

John Muir Elementary School

  • Education Level: Primary
  • # of students: 352
  • # of teachers: 12
8
GreatSchools Rating

Parkside Intermediate School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 36
5
GreatSchools Rating

Capuchino High School

  • Education Level: High
  • # of students: 1,105
  • # of teachers: 60
7
GreatSchools Rating
 

$1,294,200$1,581,800$1,438,000

PURCHASE PRICE

$4,032$4,928$4,480

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,480
EXPENSES Loan Payment -$5,306
Property Tax -$1,299
Property Insurance -$78
Property Management Fees -$175
CASH FLOW
-$2,377

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.

$1,438,000

PROJECTED PRICE

$4,480

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.08%
Maintenance Year (1-5) 8.00%
Vacancy 5.61%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$386,820

INVESTMENT

$386,820

Down Payment
$359,500
Rehab Estimate
$5,750
Closing Costs
$21,570

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $359,500
Loan Amount $1,078,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$179

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
  • $5,032

    COMP ESTIMATED VALUE
  • $2.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,5003$5,250
$5,250
RENT COMPS ANALYSIS
  • 606 Skyline Blvd San Bruno, 1
    • 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 25 Bertocchi Ln Millbrae, 2
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1973
    property image
    LEASED 05/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.46
    •  
  • 951 Clearfield Dr Millbrae, 3
    • 3 beds 2 baths ∙ 2,270 Sqft ∙ Built 1970 3 beds 2 baths ∙ 2,270 Sqft ∙ Built 1970
    property image
    LEASED 03/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,250
    • $2.31
    •  
PROPERTY LISTING DETAILS
Rubi Kawamura
Coldwell Banker Realty
BESbswy