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697 Orange St Daly City, CA 94014

3 Beds 2 Baths 1,170 sqft Built 1955

$988,800

List Price

$3,870

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $845.13
  • 2 Days on Market
  • MLS # : ML81825196
  • Updated Date : 01/09/2021 at 17:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,170 sqft
  • Baths : 2 full
Listing Agent

Realty One Group Infinity

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Callan Heights

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $315k1381k

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

Neighborhood: Callan Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $15644566

* 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
Susan B. Anthony Elementary School Primary Regular 548 22 4
Thomas R. Pollicita Middle School Middle Regular 696 29 4
Terra Nova High School High Regular 1,037 46 8

Susan B. Anthony Elementary School

  • Education Level: Primary
  • # of students: 548
  • # of teachers: 22
4
GreatSchools Rating

Thomas R. Pollicita Middle School

  • Education Level: Middle
  • # of students: 696
  • # of teachers: 29
4
GreatSchools Rating

Terra Nova High School

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

$889,920$1,087,680$988,800

PURCHASE PRICE

$3,483$4,257$3,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,870
EXPENSES Loan Payment -$3,434
Property Tax -$1,073
Property Insurance -$55
Property Management Fees -$151
CASH FLOW
-$844

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.

$988,800

PROJECTED PRICE

$3,870

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.98%
Appreciation Year (1-5) 12.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.18%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$267,782

INVESTMENT

$267,782

Down Payment
$247,200
Rehab Estimate
$5,750
Closing Costs
$14,832

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,434

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $247,200
Loan Amount $741,600
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$10,606

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
  • $4,103

    COMP ESTIMATED VALUE
  • $3.51

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3503$3,4504$3,750
$3,750
RENT COMPS ANALYSIS
  • 697 Orange St Daly City, CA 1
    • 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 380 Chester Ave San Francisco, CA 2
    • 3 beds 1 baths ∙ 1,006 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,006 Sqft ∙ Built 1950
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $3.33
    •  
  • 72 Calvert Ave South San Francisco, CA 3
    • 3 beds 1 baths ∙ 990 Sqft ∙ Built 1951 3 beds 1 baths ∙ 990 Sqft ∙ Built 1951
    property image
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $3.48
    •  
  • 8 Randall Ct Daly City, CA 4
    • 3 beds 2 baths ∙ 1,010 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,010 Sqft ∙ Built 1950
    property image
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $3.71
    •  
PROPERTY LISTING DETAILS
Sally Freimuth
Realty One Group Infinity
BESbswy