Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

90 Muirwood Dr Daly City, CA 94014

4 Beds 2 Baths 1,237 sqft Built 1945

INVESTimate

$1,025,000

List Price

$3,430

$3,180 - $3,680

Rent Est.

$1,154,150  ( +12.60%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1945
  • Price/Sqft : $828.62
  • 9 Days on Market
  • MLS # : ML81806733
  • Updated Date : 08/22/2020 at 14:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,237 sqft
  • Baths : 2 full
Listing Agent

Re/max Select Partners

Listing Agent's Description

Fully remodeled house with new ADU - done with full permits. Many NEW features: electrical, plumbing, kitchen, bathrooms, windows, HVAC system, ADU unit (converted rear of tandem garage), flooring, ceiling, concrete in driveway; too many new features to list everything that was updated! Modern home, split-level, efficient layout. Don't miss this opportunity! Schedule a time to view in person.

SEE MORE

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: Edgewood Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $319k1381k

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

Neighborhood: Edgewood Terrace

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $15264566

* 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
John F. Kennedy Elementary School Primary Regular 418 19 4
Thomas R. Pollicita Middle School Middle Regular 696 29 4
Terra Nova High School High Regular 1,037 46 8

John F. Kennedy Elementary School

  • Education Level: Primary
  • # of students: 418
  • # of teachers: 19
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
 

$922,500$1,127,500$1,025,000

PURCHASE PRICE

$3,087$3,773$3,430

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

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 $3,430
EXPENSES Loan Payment -$3,782
Property Tax -$1,130
Property Insurance -$57
Property Management Fees -$134
CASH FLOW
-$1,672

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.

$1,025,000

PROJECTED PRICE

$3,430

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.60%
Maintenance Year (1-5) 8.00%
Vacancy 5.61%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$277,375

INVESTMENT

$277,375

Down Payment
$256,250
Rehab Estimate
$5,750
Closing Costs
$15,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,782

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $256,250
Loan Amount $768,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$132

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
  • $3,866

    COMP ESTIMATED VALUE
  • $3.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6003$3,750
$3,750
RENT COMPS ANALYSIS
  • 90 Muirwood Dr Daly City, 1
    • 4 beds 2 baths ∙ 1,237 Sqft ∙ Built 1945 4 beds 2 baths ∙ 1,237 Sqft ∙ Built 1945
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 44 Santa Elena Ave Daly City, 2
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1959
    property image
    LEASED 04/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.54
    •  
  • 8 Randall Ct Daly City, 3
    • 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
Pedro Garcia
Re/max Select Partners
BESbswy