Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

642 Pepper Dr San Bruno, CA 94066

3 Beds 1 Baths 1,040 sqft Built 1952

$1,088,000

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $1,046.15
  • 3 Days on Market
  • MLS # : ML81821545
  • Updated Date : 11/27/2020 at 10:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,040 sqft
  • Baths : 1 full
Listing Agent

Berkshire Hathaway Home Services California Realty

Listing Agent's Description

Truly a special Mills Park elevated ranch style plan on a desirable block. Stunning bay and airport views. Enjoy the large deck with awesome bay views and pretty yard. Fresh interior and exterior paint and beautifully refinished hardwood floors. Roomy garage area, nice kitchen and bright and cheerful living and dining rooms areas. Lots of extra storage also! Very close to BART, CalTrain, SFO ,Bayhill and Tanforan Centers, and easy 101/380/280 freeway access. A wonderful home in a popular neighborhood!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Mills Park

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $366k1528k

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

Neighborhood: Mills Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q22000250030003500400045005000Rent in $16435135

* 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
 

$979,200$1,196,800$1,088,000

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$4,014
Property Tax -$983
Property Insurance -$52
Property Management Fees -$129
CASH FLOW
-$2,038

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.

$1,088,000

PROJECTED PRICE

$3,140

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 11.7%
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$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

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$294,070

INVESTMENT

$294,070

Down Payment
$272,000
Rehab Estimate
$5,750
Closing Costs
$16,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,014

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $272,000
Loan Amount $816,000
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$20

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
  • $3,489

    COMP ESTIMATED VALUE
  • $3.36

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$3,9004$4,3005$4,500
$4,500
RENT COMPS ANALYSIS
  • 642 Pepper Dr San Bruno, CA 1
    • 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 1952
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 124 Sherwood Way South San Francisco, CA 2
    • 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1950
    property image
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $3.18
    •  
  • 2336 Valleywood Dr San Bruno, CA 3
    • 3 beds 2 baths ∙ 1,110 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,110 Sqft ∙ Built 1956
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $3.51
    •  
  • 1600 Parkview Dr San Bruno, CA 4
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1955
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $3.47
    •  
  • 1047 Pinehurst Ct Millbrae, CA 5
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1956
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $3.26
    •  
PROPERTY LISTING DETAILS
Brian Boisson
Berkshire Hathaway Home Services California Realty
BESbswy