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PROPERTY INFO
FACTS
- Single Family
- Built In 1914
- Price/Sqft : $798.67
- 5 Days on Market
- MLS # : ML81822044
- Updated Date : 12/04/2020 at 12:59
CONSTRUCTION
- Beds : 4
- Floor Size : 1,500 sqft
- Baths : 2 full
Listing Agent
Compass
Listing Agent's Description
Huntington Park, Cape Code Charmer. This well-loved home features four bedrooms & two baths. Living room accented by a fireplace surrounded by original built-in shelves, and a formal dining room to entertain your guest. The home is filled with natural lighting extending into the light-filled eat-in kitchen, take yourself to the back yard for your morning coffee or bath in the early afternoon sunlight. Hardwood floors throughout most of the home and updated double pane Anderson windows. The unfinished attic for a possible studio or Bedroom! A detached garage +/- 300sf marks the entrance to a possible ADU, home gym, office, or play space. It sits at the end of a long driveway, room for 3 cars off-street parking. Imagination awaits your perfect buyer. You are walking distance to San Bruno Park and Recreation as well as conveniently located to shopping centers and easy access to 280, 101, El Camino, and SFO. Welcome home to the Holidays!
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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: Huntington Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Huntington Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,150 |
| EXPENSES | Loan Payment | -$4,420 |
| Property Tax | -$1,082 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$162 | |
|
CASH FLOW
-$1,577
|
||
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
$4,150
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 13.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.61% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$323,220
LOAN DETAILS
$4,420
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $299,500 |
| Loan Amount | $898,500 |
0.5
YEARS SAVED
$2,694
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$4,460
COMP ESTIMATED VALUE -
$2.97
COMP AVG. RENT PER SQFT
Comps Range
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- $0
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- 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1925 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1925
LEASED 07/08/20- Rent
- Rent Per SQFT
- $3,800
- $3.17
-
141 Santa Clara Ave San Bruno, CA 3
- 3 beds 1 baths ∙ 1,600 Sqft ∙ Built 1931 3 beds 1 baths ∙ 1,600 Sqft ∙ Built 1931
LEASED 10/26/20- Rent
- Rent Per SQFT
- $3,900
- $2.44
-
565 Chestnut Ave San Bruno, CA 4
- 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1930 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1930
LEASED 01/20/20- Rent
- Rent Per SQFT
- $4,500
- $3.31
PROPERTY LISTING DETAILS
Compass
