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1003 Westwood Dr San Jose, CA 95125

3 Beds 2 Baths 1,780 sqft Built 1948

$1,499,950

List Price

$4,210

$4K - $4.5K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1948
  • Price/Sqft : $842.67
  • 3 Days on Market
  • MLS # : ML81821012
  • Updated Date : 11/20/2020 at 14:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,780 sqft
  • Baths : 2 full
Listing Agent

Giant Realty Inc.

Listing Agent's Description

Brand new front yard landscaping with newly installed automatic sprinklers, house was beautifully remodeled, hardwood floor, new interior paint, Gourmet kitchen with upgraded cabinets, quartz counter tops, center island with wine cooler, Stainless appliances, recessed LED lights, crown molding through out, wood burning fire place with gas pipe installed in living room, separate family room with huge skylight, open dining area, double paned windows, copper pipes, central A/C, updated electrical wiring, newer exterior stucco wall and 3 years new roof. master suite with walk in closet, access to backyard with redwood deck, patio and new wood barks decorated area, RV or boat parking space at side-yard with double swing doors

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: Willow Glen

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Willow Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q218002000220024002600280030003200340036003800400042004400Rent in $17044573

* 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
Willow Glen Elementary School Primary Regular 803 28 5
Willow Glen Middle School Middle Regular 1,259 57 6
Willow Glen High School High Regular 1,660 75 7

Willow Glen Elementary School

  • Education Level: Primary
  • # of students: 803
  • # of teachers: 28
5
GreatSchools Rating

Willow Glen Middle School

  • Education Level: Middle
  • # of students: 1,259
  • # of teachers: 57
6
GreatSchools Rating

Willow Glen High School

  • Education Level: High
  • # of students: 1,660
  • # of teachers: 75
7
GreatSchools Rating
 

$1,349,955$1,649,945$1,499,950

PURCHASE PRICE

$3,789$4,631$4,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,210
EXPENSES Loan Payment -$5,534
Property Tax -$1,765
Property Insurance -$70
Property Management Fees -$164
CASH FLOW
-$3,324

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,499,950

PROJECTED PRICE

$4,210

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
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-$50k-$40k-$30k-$20k-$10k$0.0

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$403,237

INVESTMENT

$403,237

Down Payment
$374,988
Rehab Estimate
$5,750
Closing Costs
$22,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$5,534

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $374,988
Loan Amount $1,124,963
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$112

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,210

    LIST RENT
  • $2.37

    LIST RENT PER SQFT
  • $4,437

    COMP ESTIMATED VALUE
  • $2.49

    COMP AVG. RENT PER SQFT
Comps Range
$3,950
1$3,9502$4,2103$4,2504$5,0005$5,795
$5,795
RENT COMPS ANALYSIS
  • 1003 Westwood Dr San Jose, CA 2
    • 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $4,210
    • $2.37
    •  
  • 942 Lawton Ave San Jose, CA 1
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1961
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $2.26
    •  
  • 1011 Camino Ramon San Jose, CA 3
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1938 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1938
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.36
    •  
  • 456 Manchester Ave Campbell, CA 4
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 1955 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 1955
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.45
    •  
  • 1447 Brookdale Dr San Jose, CA 5
    • 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 1955 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 1955
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,795
    • $2.90
    •  
PROPERTY LISTING DETAILS
Leeland Wong
Giant Realty Inc.
BESbswy