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651 Niantic Ave 
Daly City, CA
94014
3 Beds 1 Baths 960 sqft
Built 1938
INVESTimate
$939,000
List Price
$254,585
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PROPERTY INFO
FACTS
- Built In 1938
- Price/Sqft : $978.13
- 3 Days on Market
- MLS # : ML81807545
- Updated Date : 08/24/2020 at 15:06
CONSTRUCTION
- Beds : 3
- Floor Size : 960 sqft
- Baths : 1 full
Listing Agent
Nu Level Realty Inc.
Listing Agent's Description
Excellent location and starter home, approximately 10-minute walking distance to Daly City Bart Station, public transportation, and convenient freeway access. Recently updated in 2019 with the addition of a new deck, floors, and lighting! Approximately 5-10 minute drive from San Francisco State University, Stonestown Mall, Westlake Shopping Plaza, Lake Merced, Serramonte Mall, Fort Funston. Living room with newer fireplace, spacious backyard, and 1 car garage with ample storage. Must see!!!
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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: Vista Grande
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vista Grande
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,410 |
| EXPENSES | Loan Payment | -$3,464 |
| Property Tax | -$1,010 | |
| Property Insurance | -$50 | |
| Property Management Fees | -$133 | |
|
CASH FLOW
-$1,248
|
||
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.
$939,000
PROJECTED PRICE
$3,410
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.98% |
| Appreciation Year (1-5) | 12.99% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.18% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$254,585
LOAN DETAILS
$3,464
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $234,750 |
| Loan Amount | $704,250 |
0.42
YEARS SAVED
$1,434
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
-
$3,605
COMP ESTIMATED VALUE -
$3.76
COMP AVG. RENT PER SQFT
Comps Range
-
651 Niantic Ave Daly City, 1
- 3 beds 1 baths ∙ 960 Sqft ∙ Built 1938 3 beds 1 baths ∙ 960 Sqft ∙ Built 1938
- Rent
- Rent Per SQFT
- $0
- $0.00
-
95 Eaton Ave Daly City, 2
- 3 beds 1 baths ∙ 920 Sqft ∙ Built 1957 3 beds 1 baths ∙ 920 Sqft ∙ Built 1957
LEASED 07/26/20- Rent
- Rent Per SQFT
- $3,500
- $3.80
-
8 Randall Ct Daly City, 3
- 3 beds 2 baths ∙ 1,010 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,010 Sqft ∙ Built 1950
LEASED 11/13/19- Rent
- Rent Per SQFT
- $3,750
- $3.71
PROPERTY LISTING DETAILS
Nu Level Realty Inc.
