405 91ST St #16 Daly City, CA 94015 – Probably Worth Buying
405 91ST St #16 Daly City, CA 94015
Price: $190,000
| Beds: | 1 |
| Baths: | 1 |
| Sq. Ft.: | 917 |
| $/Sq. Ft.: | $207 |
| Lot Size: | - |
| Age (Years): | 27 |
| Year Built: | 1981 |
| Type: | Condominium |
This is another one of the properties I feel is almost worth buying. Even though this property has no last sale price it is listed as Bank-owned/REO so it is a distressed property. One bedrooms in Daly City rent anywhere from $1150 to $1500 according to Craigslist. If you put 20% down on this and get a loan of $152k at 6.75% for 30 years, your monthly mortgage would be around $985. Add a $304 monthly HOA and property taxes of $200 a month you get a total of $1489 a month. Throw in some tax rebate and it isn’t so bad. Of course, since this is an REO you need to check it out thoroughly to see if you need to fix it up and such. It might cost more than just its listing price.
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