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955 Jenevein Ave San Bruno, CA 94066

4 Beds 2 Baths 1,500 sqft Built 1914

$1,198,000

List Price

$4,150

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
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

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300kPrice in $366k1381k

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

Neighborhood: Huntington Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q32019 Q2160018002000220024002600280030003200340036003800400042004400Rent in $15724566

* 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
 

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

PURCHASE PRICE

$3,735$4,565$4,150

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

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.

$4,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,500
Loan Amount $898,500
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $4,460

    COMP ESTIMATED VALUE
  • $2.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8003$3,9004$4,500
$4,500
RENT COMPS ANALYSIS
  • 955 Jenevein Ave San Bruno, CA 1
    • 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1914 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1914
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 110 San Antonio Ave San Bruno, CA 2
    • 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
Jeanine Lu
Compass
BESbswy