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701 Serra Dr South San Francisco, CA 94080

3 Beds 3 Baths 1,330 sqft Built 1956

$1,398,888

List Price

$3,950

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
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!

SEE MORE

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

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $392k1381k

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

Neighborhood: Serra Highlands

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q218002000220024002600280030003200340036003800400042004400Rent in $17464566

* 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
Buri Buri Elementary School Primary Regular 625 26 6
Alta Loma Middle School Middle Regular 746 33 6
El Camino High School High Regular 1,430 59 8

Buri Buri Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 26
6
GreatSchools Rating

Alta Loma Middle School

  • Education Level: Middle
  • # of students: 746
  • # of teachers: 33
6
GreatSchools Rating

El Camino High School

  • Education Level: High
  • # of students: 1,430
  • # of teachers: 59
8
GreatSchools Rating
 

$1,258,999$1,538,777$1,398,888

PURCHASE PRICE

$3,555$4,345$3,950

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$45k-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$376,455

INVESTMENT

$376,455

Down Payment
$349,722
Rehab Estimate
$5,750
Closing Costs
$20,983

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$4,859

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $349,722
Loan Amount $1,049,166
See What Happens When You Reinvest Cash Flow

-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
$3,600
1$3,6002$3,8003$3,9504$3,9505$4,000
$4,000
RENT COMPS ANALYSIS
  • 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
Walt Bertollo
Better Homes And Gardens Real Estate Jff
BESbswy