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842 Easton Ave San Bruno, CA 94066

2 Beds 2 Baths 960 sqft Built 1939

INVESTimate

$965,000

List Price

$3,370

$3,120 - $3,620

Rent Est.

$1,034,577  ( +7.21%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1939
  • Price/Sqft : $1,005.21
  • 6 Days on Market
  • MLS # : ML81807215
  • Updated Date : 08/21/2020 at 13:05
CONSTRUCTION
  • Beds : 2
  • Floor Size : 960 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Hard to find Gorgeous open floor plan with plenty of natural light, 2 bedrooms 2 bathrooms with garage that can drive through to the backyard. Hardwood floor, New interior & exterior paint. Newly installed roof, All dual pane windows & LED lighting that can save your energy bill, Central heating unit, updated water heater. The wonderful kitchen has all stainless steel appliances, newly updated cabinets, Granite counter with convenient peninsula & under mount sink. Fantastic family room with a cozy fireplace. Bathroom with Jacuzzi tub and all granite throughout, Walk-in closet in Master suite. 5000sqft lot with concrete around & has enough room to expanding for a big family, Low maintenance backyard w/ Large patio cover perfect for entertainment, Bonus storage room with windows, Conveniently can walk to Bart station, shopping center & restaurants around, close to Fwy 101 & 280. Moving conditions A MUST SEE!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: San Bruno Park

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $328k1381k

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

Neighborhood: San Bruno Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $14874566

* 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
Allen Elementary And Hesselgren Primary Center Primary Regular 361 13 5
Parkside Intermediate School Middle Regular 859 36 5
Capuchino High School High Regular 1,105 60 7

Allen Elementary And Hesselgren Primary Center

  • Education Level: Primary
  • # of students: 361
  • # of teachers: 13
5
GreatSchools Rating

Parkside Intermediate School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 36
5
GreatSchools Rating

Capuchino High School

  • Education Level: High
  • # of students: 1,105
  • # of teachers: 60
7
GreatSchools Rating
 

$868,500$1,061,500$965,000

PURCHASE PRICE

$3,033$3,707$3,370

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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,370
EXPENSES Loan Payment -$3,560
Property Tax -$870
Property Insurance -$50
Property Management Fees -$131
CASH FLOW
-$1,243

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.

$965,000

PROJECTED PRICE

$3,370

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.98%
Appreciation Year (1-5) 7.21%
Maintenance Year (1-5) 8.00%
Vacancy 6.18%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$261,475

INVESTMENT

$261,475

Down Payment
$241,250
Rehab Estimate
$5,750
Closing Costs
$14,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,560

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $241,250
Loan Amount $723,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$2,193

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,370

    LIST RENT
  • $3.51

    LIST RENT PER SQFT
  • $3,478

    COMP ESTIMATED VALUE
  • $3.62

    COMP AVG. RENT PER SQFT
Comps Range
$2,998
1$2,9982$3,3703$3,5004$4,500
$4,500
RENT COMPS ANALYSIS
  • 842 Easton Ave San Bruno, 2
    • 2 beds 2 baths ∙ 960 Sqft ∙ Built 1939 2 beds 2 baths ∙ 960 Sqft ∙ Built 1939
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,370
    • $3.51
    •  
  • 632 Railroad Ave South San Francisco, 1
    • 2 beds 1 baths ∙ 880 Sqft ∙ Built 1944 2 beds 1 baths ∙ 880 Sqft ∙ Built 1944
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,998
    • $3.41
    •  
  • 26 Spruce St Millbrae, 3
    • 2 beds 2 baths ∙ 1,040 Sqft ∙ Built 1941 2 beds 2 baths ∙ 1,040 Sqft ∙ Built 1941
    property image
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $3.37
    •  
  • 107 Elm St San Carlos, 4
    • 2 beds 1 baths ∙ 1,100 Sqft ∙ Built 1948 2 beds 1 baths ∙ 1,100 Sqft ∙ Built 1948
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $4.09
    •  
PROPERTY LISTING DETAILS
Aaron Lee
Keller Williams Realty
BESbswy