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651 Niantic Ave Daly City, CA 94014

3 Beds 1 Baths 960 sqft Built 1938

INVESTimate

$939,000

List Price

$3,410

$3,160 - $3,660

Rent Est.

$1,060,976  ( +12.99%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
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!!!

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: Vista Grande

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $321k1381k

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

Neighborhood: Vista Grande

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $15214566

* 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
Woodrow Wilson Elementary School Primary Regular 366 15 2
Ben Franklin Intermediate School Middle Regular 696 29 6
Terra Nova High School High Regular 1,037 46 8

Woodrow Wilson Elementary School

  • Education Level: Primary
  • # of students: 366
  • # of teachers: 15
2
GreatSchools Rating

Ben Franklin Intermediate School

  • Education Level: Middle
  • # of students: 696
  • # of teachers: 29
6
GreatSchools Rating

Terra Nova High School

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

$845,100$1,032,900$939,000

PURCHASE PRICE

$3,069$3,751$3,410

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

PROJECTED ANNUAL CASH FLOW

11530-$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

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$254,585

INVESTMENT

$254,585

Down Payment
$234,750
Rehab Estimate
$5,750
Closing Costs
$14,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,464

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $234,750
Loan Amount $704,250
See What Happens When You Reinvest Cash Flow

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
$0
1$02$3,5003$3,750
$3,750
RENT COMPS ANALYSIS
  • 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
Elbert Moon Mui
Nu Level Realty Inc.
BESbswy