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PROPERTY INFO
FACTS
- Single Family
- Built In 1956
- Price/Sqft : $1,051.80
- 4 Days on Market
- MLS # : ML81824867
- Updated Date : 01/07/2021 at 16:35
CONSTRUCTION
- Beds : 3
- Floor Size : 1,330 sqft
- Baths : 2 full , 1 half
Listing Agent
Better Homes And Gardens Real Estate Jff
Listing Agent's Description
RELAX ENJOY DRAMATIC ARMCHAIR VIEWS. ORIGINAL BUILDER CHOSE THIS CORNER LOT. IST TIME SELLER IN TRUST. VERY CLEAN. RECENT CLEANED CARPETS OVER ALWAYS COVERED HARDWOOD FLOORS. FORMAL DINING ROOM, TILED EATIN KITCHEN. WALKIN CLOSETS IN MASTER SUITE. STEEL REINFORCEMENT VISIBLE IN 2 CAR S/S GARAGE. LARGE AREA FOR FUTURE FAMILY ROOM WITH DOOR & WINDOW. LOW MAINTENANCE PATIO & YARD. SHOW & SELL!
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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: Serra Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Serra Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,950 |
| EXPENSES | Loan Payment | -$4,859 |
| Property Tax | -$1,409 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$154 | |
|
CASH FLOW
-$2,535
|
||
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.
$1,398,888
PROJECTED PRICE
$3,950
PROJECTED RENT
0.28%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.61% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$376,455
LOAN DETAILS
$4,859
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $349,722 |
| Loan Amount | $1,049,166 |
-0.08
YEARS SAVED
$2
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,950
LIST RENT -
$2.62
LIST RENT PER SQFT
-
$3,945
COMP ESTIMATED VALUE -
$2.61
COMP AVG. RENT PER SQFT
Comps Range
-
701 Serra Dr South San Francisco, CA 4
- 3 beds 3 baths ∙ 1,510 Sqft ∙ Built 1956 3 beds 3 baths ∙ 1,510 Sqft ∙ Built 1956
![property image]()
- Rent
- Rent Per SQFT
- $3,950
- $2.62
-
136 Casey Dr South San Francisco, CA 1
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1955
![property image]()
LEASED 02/27/20- Rent
- Rent Per SQFT
- $3,600
- $2.77
-
3091 Medina Dr San Bruno, CA 2
- 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1963
![property image]()
LEASED 07/17/20- Rent
- Rent Per SQFT
- $3,800
- $2.64
-
3854 Howard Ct South San Francisco, CA 3
- 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1972
![property image]()
LEASED 12/11/19- Rent
- Rent Per SQFT
- $3,950
- $2.56
-
557 Serra Dr South San Francisco, CA 5
- 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1955
![property image]()
LEASED 09/22/20- Rent
- Rent Per SQFT
- $4,000
- $2.48
PROPERTY LISTING DETAILS
Better Homes And Gardens Real Estate Jff
