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935 Park Pacifica Ave Pacifica, CA 94044

3 Beds 3 Baths 1,780 sqft Built 1971

$1,198,000

List Price

$4,250

$4K - $4.5K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $673.03
  • 4 Days on Market
  • MLS # : ML81825831
  • Updated Date : 01/16/2021 at 18:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,780 sqft
  • Baths : 2 full , 1 half
Listing Agent

Eccleston Incorporated

Listing Agent's Description

Original owner enjoyed 50 years of living in the home she loved. Located in Park Pacifica Estates - an exclusive neighborhood of homes that are a bit larger in square footage and lot size is extremely desirable for being in the front of the valley and in the sunniest part of Pacifica. Double door grand entrance opens to formal dining or family room with cathedral beamed ceiling and a wall of windows overlooking the expansive yard. The double-sided fireplace is a prominent design feature that suits the size and magnificence of the room. Living room opens to a patio perfect for outside dining. Kitchen is a precursor to your perfect design choices. The master bedroom includes a balcony overlooking the grounds, walk-in closet, double sinks and water closet with shower. Generous 9000 square foot lot is adjacent to San Pedro Valley Park. Neighborhood grocery, restaurants and schools are all just down the street.

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: Park Pacifica Estates

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $356k1572k

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

Neighborhood: Park Pacifica Estates

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2180020002200240026002800300032003400360038004000420044004600Rent in $16354628

* 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
Ocean Shore Elementary School Primary Regular 414 17 8
Ocean Shore Elementary School Middle Regular 414 17 8
Terra Nova High School High Regular 1,037 46 8

Ocean Shore Elementary School

  • Education Level: Primary
  • # of students: 414
  • # of teachers: 17
8
GreatSchools Rating

Ocean Shore Elementary School

  • Education Level: Middle
  • # of students: 414
  • # of teachers: 17
8
GreatSchools Rating

Terra Nova High School

  • Education Level: High
  • # of students: 1,037
  • # of teachers: 46
8
GreatSchools Rating
 

$1,078,200$1,317,800$1,198,000

PURCHASE PRICE

$3,825$4,675$4,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,250
EXPENSES Loan Payment -$4,161
Property Tax -$1,321
Property Insurance -$70
Property Management Fees -$166
CASH FLOW
-$1,468

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.

$1,198,000

PROJECTED PRICE

$4,250

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 11.7%
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$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

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$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,220

INVESTMENT

$323,220

Down Payment
$299,500
Rehab Estimate
$5,750
Closing Costs
$17,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,161

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $299,500
Loan Amount $898,500
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$2,204

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,250

    LIST RENT
  • $2.39

    LIST RENT PER SQFT
  • $4,664

    COMP ESTIMATED VALUE
  • $2.62

    COMP AVG. RENT PER SQFT
Comps Range
$3,995
1$3,9952$4,2503$4,3504$4,495
$4,495
RENT COMPS ANALYSIS
  • 935 Park Pacifica Ave Pacifica, CA 2
    • 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.39
    •  
  • 1651 Rosita Rd Pacifica, CA 1
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1955
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $2.47
    •  
  • 952 Anza Dr Pacifica, CA 3
    • 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 1954
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $2.65
    •  
  • 1125 Grand Teton Dr Pacifica, CA 4
    • 3 beds 3 baths ∙ 1,640 Sqft ∙ Built 1967 3 beds 3 baths ∙ 1,640 Sqft ∙ Built 1967
    LEASED 12/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,495
    • $2.74
    •  
PROPERTY LISTING DETAILS
Vicki Moore
Eccleston Incorporated
BESbswy