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653 Pepper Dr San Bruno, CA 94066

3 Beds 1 Baths 1,100 sqft Built 1953

$1,035,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1953
  • Price/Sqft : $940.91
  • 4 Days on Market
  • MLS # : ML81818948
  • Updated Date : 11/05/2020 at 14:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,100 sqft
  • Baths : 1 full
Listing Agent

Berkshire Hathaway Home Services California Realty

Listing Agent's Description

Mills Park View Home on deep lot. Vaulted wood beamed ceilings in the living and dining room, newly refinished hardwood floors, and fireplace give this home a mountain cabin style feel. Big panoramic bay and airport views from the front of the home will make you say "Wow"! Sunny country style kitchen with eating area, large deep tandem garage, and roomy bedrooms are up a few stairs from the living area for privacy and added style. Oversize lot with plenty of room for your garden. Be close to BART, CalTrain, Bayhill office and shopping complex, 280/101/380 and SFO.A great opportunity in sought after neighborhood.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

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
 

$931,500$1,138,500$1,035,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$3,819
Property Tax -$935
Property Insurance -$54
Property Management Fees -$129
CASH FLOW
-$1,686

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.

$1,035,000

PROJECTED PRICE

$3,250

PROJECTED RENT

0.31%

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-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$280,025

INVESTMENT

$280,025

Down Payment
$258,750
Rehab Estimate
$5,750
Closing Costs
$15,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,819

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $258,750
Loan Amount $776,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$117

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $2.95

    LIST RENT PER SQFT
  • $3,592

    COMP ESTIMATED VALUE
  • $3.27

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$4,2953$4,3004$4,5005$4,600
$4,600
RENT COMPS ANALYSIS
  • 653 Pepper Dr San Bruno, CA 1
    • 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.95
    •  
  • 352 Oak Ave San Bruno, CA 2
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1950
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,295
    • $3.07
    •  
  • 1600 Parkview Dr San Bruno, CA 3
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1955
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $3.47
    •  
  • 1047 Pinehurst Ct Millbrae, CA 4
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1956
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $3.26
    •  
  • 1369 Ridgewood Dr Millbrae, CA 5
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1955
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $3.26
    •  
PROPERTY LISTING DETAILS
Brian Boisson
Berkshire Hathaway Home Services California Realty
BESbswy