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PROPERTY INFO
FACTS
- Single Family
- Built In 1954
- Price/Sqft : $769.85
- 12 Days on Market
- MLS # : ML81822760
- Updated Date : 12/17/2020 at 07:53
CONSTRUCTION
- Beds : 2
- Floor Size : 1,234 sqft
- Baths : 2 full
Listing Agent
Compass
Listing Agent's Description
Don't miss this excellent Holiday Special in Willow Glen! Rare 1 story attached home on a beautiful street. Remodeled throughout approx 2006, Granite counters, updated fixtures, double paned windows, tile floors & more! Excellent floorplan with an open - spacious living room and dining room. Huge kitchen with eat in dining and tons of storage & counterspace. Enjoy natural lighting from your south facing kitchen! Spacious and private backyard with patio, lawn area, expanded side yard for your lifestyle needs. Raised vegetable gardens will be ready for next season. 1 car attached garage and additional detached garage (for smaller car- space is 13 ft x 8 ft) or storage space to the right of 1108 Husted. Home is attached to other unit mostly by garage. Charming & established Willow Glen neighborhood! Drive or walk through quaint streets of Willow Glen for your very own Holiday Lights show - Close to DT Willow Glen - shops and restaurants!!
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Willow Glen South - Lincoln Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Willow Glen South - Lincoln Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,590 |
| EXPENSES | Loan Payment | -$3,505 |
| Property Tax | -$1,061 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$140 | |
|
CASH FLOW
-$1,173
|
||
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.
$950,000
PROJECTED PRICE
$3,590
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 11.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.40% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$257,500
LOAN DETAILS
$3,505
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $237,500 |
| Loan Amount | $712,500 |
0.67
YEARS SAVED
$3,253
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,895
COMP ESTIMATED VALUE -
$3.16
COMP AVG. RENT PER SQFT
Comps Range
-
1104 Husted San Jose, CA 1
- 2 beds 2 baths ∙ 1,234 Sqft ∙ Built 1954 2 beds 2 baths ∙ 1,234 Sqft ∙ Built 1954
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1813 Bird Ave San Jose, CA 2
- 2 beds 2 baths ∙ 1,167 Sqft ∙ Built 1950 2 beds 2 baths ∙ 1,167 Sqft ∙ Built 1950
![property image]()
LEASED 11/30/20- Rent
- Rent Per SQFT
- $3,400
- $2.91
-
1078 Bennett Way San Jose, CA 3
- 2 beds 2 baths ∙ 1,098 Sqft ∙ Built 1938 2 beds 2 baths ∙ 1,098 Sqft ∙ Built 1938
![property image]()
LEASED 06/08/20- Rent
- Rent Per SQFT
- $3,600
- $3.28
-
1128 Settle Ave San Jose, CA 4
- 2 beds 2 baths ∙ 1,400 Sqft ∙ Built 1939 2 beds 2 baths ∙ 1,400 Sqft ∙ Built 1939
![property image]()
LEASED 06/20/20- Rent
- Rent Per SQFT
- $4,595
- $3.28
PROPERTY LISTING DETAILS
Compass
