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1104 Husted San Jose, CA 95125

2 Beds 2 Baths 1,234 sqft Built 1954

$950,000

List Price

$3,590

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
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!!

SEE MORE

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

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

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

Neighborhood: Willow Glen South - Lincoln Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $18854493

* 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
Schallenberger Elementary School Primary Regular 531 19 6
Willow Glen Middle School Middle Regular 1,259 57 6
Willow Glen High School High Regular 1,660 75 7

Schallenberger Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 19
6
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
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$3,231$3,949$3,590

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,895

    COMP ESTIMATED VALUE
  • $3.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,6004$4,595
$4,595
RENT COMPS ANALYSIS
  • 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
Hailey Chang
Compass
BESbswy