Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1947
- Price/Sqft : $759.60
- 35 Days on Market
- MLS # : ML81819654
- Updated Date : 12/08/2020 at 21:46
CONSTRUCTION
- Beds : 4
- Floor Size : 2,500 sqft
- Baths : 3 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
A 2016 remodeled home in the prestigious Dry Creek neighborhood located just steps from The Pruneyard and a stone throw from downtown Campbell. This meticulous 2,500 square-foot home features 3 full baths and 4 bedrooms, consisting of 2 master suites. In addition to the high-end appliances and finishes, this home has custom soft-close cabinetry, coffered 10-foot ceilings, recessed lighting, built-in surround sound, whole home water purification, plus many more items too long to list. All electrical and plumbing recently updated. Built on a large lot, the front yard and spacious backyard are fully landscaped and extremely low maintenance. Perfect for entertaining family and friends.
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: Pruneyard Dry Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pruneyard Dry Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $5,260 |
| EXPENSES | Loan Payment | -$7,006 |
| Property Tax | -$2,142 | |
| Property Insurance | -$87 | |
| Property Management Fees | -$205 | |
|
CASH FLOW
-$4,181
|
||
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.
$1,899,000
PROJECTED PRICE
$5,260
PROJECTED RENT
0.28%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 10.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.19% |
| 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
$508,985
LOAN DETAILS
$7,006
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $474,750 |
| Loan Amount | $1,424,250 |
-0.17
YEARS SAVED
-$122
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
-
$5,038
COMP ESTIMATED VALUE -
$2.01
COMP AVG. RENT PER SQFT
Comps Range
-
1098 Ridgeley Dr Campbell, CA 1
- 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1947 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1947
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1596 San Gabriel Way San Jose, CA 2
- 3 beds 3 baths ∙ 2,315 Sqft ∙ Built 1958 3 beds 3 baths ∙ 2,315 Sqft ∙ Built 1958
LEASED 09/17/20- Rent
- Rent Per SQFT
- $3,995
- $1.73
-
2247 Constitution Dr San Jose, CA 3
- 3 beds 3 baths ∙ 2,392 Sqft ∙ Built 1966 3 beds 3 baths ∙ 2,392 Sqft ∙ Built 1966
LEASED 05/13/20- Rent
- Rent Per SQFT
- $5,495
- $2.30
PROPERTY LISTING DETAILS
Coldwell Banker Realty
