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671 Beaumont Blvd Pacifica, CA 94044

3 Beds 2 Baths 1,010 sqft Built 1965

$1,300,000

List Price

$3,360

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $1,287.13
  • 3 Days on Market
  • MLS # : ML81821587
  • Updated Date : 11/27/2020 at 18:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,010 sqft
  • Baths : 2 full
Listing Agent

Eccleston Incorporated

Listing Agent's Description

Fall in love with this gorgeous, light & bright, ocean view home. Move-in and enjoy. Landscaped front and back. Automatic drip system irrigation. Hardwood floors. Remodeled kitchen. Appliances are 6 months old: Bosch dishwasher, Maytag refrigerator, gas stove, microwave, LG washer, and gas dryer with steam. New cellular blackout, top-down bottom-up blinds throughout. 3 bedrooms and 2 remodeled bathrooms with heated floors, towel warmers,anti-fog lighted medicine cabinets, bidets. Recessed lighting. New interior doors. Cozy up by the freestanding gas fireplace &10 tall ceilings in LR. Cool custom cabinets. Closet organizers. Garage and a carport with extra storage. Private backyard with a hot tub and your own lemon tree. Huge attic. A great getaway for now but close to everything when things go back to normal. Close to SF, the airport, and Silicon Valley. Quiet enough to hear the waves crashing at night from your hot tub and close enough to take to walk to Starbucks in the morning.

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: East Edgemar-Pacific Manor

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $326k1528k

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

Neighborhood: East Edgemar-Pacific Manor

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q22000250030003500400045005000Rent in $16355135

* 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
Ocean Shore Elementary School Primary Regular 414 17 8
Ocean Shore Elementary School Middle Regular 414 17 8
Terra Nova High School High Regular 1,037 46 8

Ocean Shore Elementary School

  • Education Level: Primary
  • # of students: 414
  • # of teachers: 17
8
GreatSchools Rating

Ocean Shore Elementary School

  • Education Level: Middle
  • # of students: 414
  • # of teachers: 17
8
GreatSchools Rating

Terra Nova High School

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

$1,170,000$1,430,000$1,300,000

PURCHASE PRICE

$3,024$3,696$3,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,360
EXPENSES Loan Payment -$4,796
Property Tax -$1,434
Property Insurance -$52
Property Management Fees -$131
CASH FLOW
-$3,053

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.

$1,300,000

PROJECTED PRICE

$3,360

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.83%
Appreciation Year (1-5) 9.5%
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$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$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$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$350,250

INVESTMENT

$350,250

Down Payment
$325,000
Rehab Estimate
$5,750
Closing Costs
$19,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$4,796

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $325,000
Loan Amount $975,000
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$148

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
  • $3,330

    COMP ESTIMATED VALUE
  • $3.3

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5703$3,6004$3,6005$3,865
$3,865
RENT COMPS ANALYSIS
  • 671 Beaumont Blvd Pacifica, CA 1
    • 3 beds 2 baths ∙ 1,010 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,010 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 621 Forest Lake Dr Pacifica, CA 2
    • 3 beds 1 baths ∙ 1,110 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,110 Sqft ∙ Built 1964
    LEASED 12/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,570
    • $3.22
    •  
  • 115 Paradise Dr Pacifica, CA 3
    • 3 beds 1 baths ∙ 1,110 Sqft ∙ Built 1967 3 beds 1 baths ∙ 1,110 Sqft ∙ Built 1967
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $3.24
    •  
  • 198 Canterbury Ave Daly City, CA 4
    • 3 beds 1 baths ∙ 1,170 Sqft ∙ Built 1967 3 beds 1 baths ∙ 1,170 Sqft ∙ Built 1967
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $3.08
    •  
  • 178 Catalina Ave Pacifica, CA 5
    • 3 beds 1 baths ∙ 1,060 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,060 Sqft ∙ Built 1964
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,865
    • $3.65
    •  
PROPERTY LISTING DETAILS
Lisa Eccleston
Eccleston Incorporated
BESbswy