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PROPERTY INFO
FACTS
- Single Family
- Built In 1956
- Price/Sqft : $1,021.57
- 3 Days on Market
- MLS # : ML81821573
- Updated Date : 11/27/2020 at 20:42
CONSTRUCTION
- Beds : 4
- Floor Size : 1,762 sqft
- Baths : 3 full
Listing Agent
Realty At Work
Listing Agent's Description
Create your own masterpiece!!! Imagine the possibities with this 7,453 sq ft.lot! *a choice home with a choice price*beautifully-built neighborhood surrounds this ideal location*Sought after Cupertino schools*Permitted garage conversion with its own entrance provides a separate 4th bedroom, bath and large family room perfect for adult children, grandparents or rental for extra income*near Calabazas Park with playgrounds, clubhouse,baseball field, tennis and basketball courts, bike hills and natural creek*2 miles to popular Cupertino library*near Home Depot, Walgreens, Safeway, Target,TJ Max, Starbucks, Whole Foods, Westgage and El Paseo shopping Centers*Front windows capture the views of stunning lush green trees and hills*Well manicured backyard with paved patio provides perfect atmostphere for entertaining*Several newer homes built in the neighborhood featuring 2 stories and larger square footage.
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Calabazas North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Calabazas North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,380 |
| EXPENSES | Loan Payment | -$6,641 |
| Property Tax | -$2,027 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$171 | |
|
CASH FLOW
-$4,529
|
||
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.
$1,800,000
PROJECTED PRICE
$4,380
PROJECTED RENT
0.24%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 11.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.40% |
| 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
$482,750
LOAN DETAILS
$6,641
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $450,000 |
| Loan Amount | $1,350,000 |
-0.25
YEARS SAVED
-$290
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,380
LIST RENT -
$2.49
LIST RENT PER SQFT
-
$4,343
COMP ESTIMATED VALUE -
$2.47
COMP AVG. RENT PER SQFT
Comps Range
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1076 Cynthia Ln San Jose, CA 3
- 4 beds 3 baths ∙ 1,762 Sqft ∙ Built 1956 4 beds 3 baths ∙ 1,762 Sqft ∙ Built 1956
- Rent
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- $4,380
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6108 Brigantine Dr San Jose, CA 1
- 4 beds 3 baths ∙ 1,598 Sqft ∙ Built 1972 4 beds 3 baths ∙ 1,598 Sqft ∙ Built 1972
LEASED 01/20/20- Rent
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- $4,000
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Westmoor Way San Jose, CA 2
- 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1959
LEASED 07/22/20- Rent
- Rent Per SQFT
- $4,100
- $2.30
-
6359 Prospect Rd San Jose, CA 4
- 4 beds 3 baths ∙ 1,812 Sqft ∙ Built 1969 4 beds 3 baths ∙ 1,812 Sqft ∙ Built 1969
LEASED 11/05/20- Rent
- Rent Per SQFT
- $4,500
- $2.48
-
10597 John Way Cupertino, CA 5
- 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1951 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1951
LEASED 06/04/20- Rent
- Rent Per SQFT
- $4,898
- $2.58
PROPERTY LISTING DETAILS
Realty At Work
