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8 Capay Cir South San Francisco, CA 94080

3 Beds 2 Baths 1,630 sqft Built 1948

INVESTimate

$1,188,000

List Price

$4,380

$4,130 - $4,630

Rent Est.

$1,299,791  ( +9.41%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1948
  • Price/Sqft : $728.83
  • 8 Days on Market
  • MLS # : ML81806263
  • Updated Date : 08/21/2020 at 09:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,630 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Pride of ownership shines in this well-cared for home! Built in 1946, this lovely home offers hardwood floors, three bedrooms, two updated bathrooms and a spacious two car attached garage. Relax or entertain on the rear patio. There's a large side yard, perfect place to park an RV, boat or project you're working on. South San Francisco is home of Genentech, the founder of the biotechnology industry. This home is conveniently located near San Francisco, the international airport, shopping, Buri Buri Park, commute routes and more..

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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: Winston-Serra

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $392k1381k

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

Neighborhood: Winston-Serra

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q218002000220024002600280030003200340036003800400042004400Rent in $16574566

* 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
 

$1,069,200$1,306,800$1,188,000

PURCHASE PRICE

$3,942$4,818$4,380

RENT

DOWN PAYMENT
FINANCING

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-$20k-$10k$0.0$10k$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,380
EXPENSES Loan Payment -$4,383
Property Tax -$1,197
Property Insurance -$66
Property Management Fees -$171
CASH FLOW
-$1,438

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.

$1,188,000

PROJECTED PRICE

$4,380

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.41%
Maintenance Year (1-5) 8.00%
Vacancy 5.61%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$320,570

INVESTMENT

$320,570

Down Payment
$297,000
Rehab Estimate
$5,750
Closing Costs
$17,820

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,383

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $297,000
Loan Amount $891,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$4,764

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
  • $4,462

    COMP ESTIMATED VALUE
  • $2.74

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6003$4,0004$4,4005$4,500
$4,500
RENT COMPS ANALYSIS
  • 8 Capay Cir South San Francisco, 1
    • 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 136 Casey Dr South San Francisco, 2
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1955
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.77
    •  
  • 2500 Tipperary Ave South San Francisco, 3
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1963
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $2.67
    •  
  • 2300 Evergreen Dr San Bruno, 4
    • 4 beds 3 baths ∙ 1,580 Sqft ∙ Built 1956 4 beds 3 baths ∙ 1,580 Sqft ∙ Built 1956
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $2.78
    •  
  • 3601 Fleetwood Dr San Bruno, 5
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1964
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.73
    •  
PROPERTY LISTING DETAILS
David Tapper
Coldwell Banker Realty
BESbswy